Scott Turow on the Billable Hour
. . . [more]…I still believe that lawyers in general, and litigators in particular, are yet to confront the realistic limits of [the] competitive environment. And in this regard there is no more vicious culprit than the practice of basing our fees solely on the time spent on a matter.
Dollars times hours sounds like a formula for fairness. What could be more equitable than basing a fee on how long and hard a litigator worked to resolve a matter? But as a system, it’s a prison. When you are selling your time, there are only three ways to make more money—higher rates,