Major Law Firms Reduce Rates
by Michael Fox
One need not look at the date of posting to know what this is, Major Law Firms Reduce Rates, courtesy of The Wired GC. But check it out for a good laugh.
For a somewhat more serious review of the very related subject, the future of the billable hour, check out this discussion at Adam Smith, Esquire. As one who has been bemoaning the billable hour for most of my 30 years of recording them, I still see all the reasons why it does not seem to make sense, but am now resigned to the fact that the tide will not turn until long after I have turned in my last timesheet.