Comments on: Signs In the Times

By: Oro

Oro — Wed, 07 Sep 2011 13:56:00 +0000

Nearly all law firms make their money by billing their clients by the hour. These are known asbillable hours. The more hours billed, the more money the firm will make.

By: Yoyo

Yoyo — Wed, 24 Aug 2011 07:31:00 +0000

Many firms also set bonus or penalty clauses to make sure that each lawyer achieves their billable hour quota. This can exert pressure on both home and work life with longer hours in the office. Tedious, time consuming tasks such as proofreading corporate reports, document reviews and travel hours are all required to be billed by the hour.

By: Cannoninkcart

Cannoninkcart — Sun, 31 Jul 2011 18:03:00 +0000

Billable hours? Most people I know of already use Legal outsourcing service. I believe a lot of people will follow the format of legal outsourcing service. Companies/Business just cant afford billable hours anymore with the dollar value falling the in world market and the economy is barely and I mean barely moving.

By: TestcountryUK

TestcountryUK — Mon, 11 Apr 2011 18:24:00 +0000

I 100% agree. with confirmbiosciences that Billable hours are so numbered. With the economy plumming am sure everybody is tightning their belt

By: confirmbiosciences

confirmbiosciences — Sun, 27 Mar 2011 18:33:00 +0000

Billable hours days are numbered. Company/Business are trying to save as much as they can in order to stay afloat. With the current state of the economy who can blame them?

Very good informative article thanks.

By: T.C. Parks

T.C. Parks — Mon, 03 Jan 2011 08:10:00 +0000

Now that our country is in recession business will find ways to minimize cost and legal dodo is right billable hour will soon be dead. Almost all the company I knows have engage in outsourcing to reduce cost.

This is a well written article and very informative to say the least

By: Legal Dodo

Legal Dodo — Mon, 13 Dec 2010 13:08:00 +0000

Although the billable hour does not seem to be dead as yet, its days are definitely numbered. Clients are increasingly demanding reduced legal costs, forcing the law firms to innovate. One solution to the high legal fees problem is legal outsourcing.

With the advent of legal process outsourcing, legal work is now being done at a fraction of the cost in countries like India, without compromising in quality. Legal outsourcing providers are helping buyers of legal services in the U.S. reduce costs dramatically by providing cost effective legal solutions.

By: itjob123

itjob123 — Thu, 03 Dec 2009 22:10:26 +0000

this artical is good...

It's arguable that, for one reason or another, the legal profession has been insulated from the types of dramatic changes that have shaken other industries, leaving it relatively opaque and even inefficient. But as we keep hearing about these types of changes turning law on its head, it seems itÂ’s catch up time. It will be very interesting to see how things shape up over the next decade.

http://www.staffingpower.com/

By: itjob123

itjob123 — Thu, 03 Dec 2009 15:10:26 +0000

By: Orlando Law

Orlando Law — Mon, 09 Mar 2009 05:00:26 +0000

I agree, the prestige is not necessarily diminishing, it's just changing, as in many other professions as well. The more technology is involved, the more it will change, and faster as well.