As expected, several large law firms have fallen in line with the associate bonus scale set by Cravath, Swaine & Moore this week. But some associates need to work harder to earn their reward than ...

Reed Smith is offering 50 hours of billable hour credit for race- and gender-related work to all of the firm's timekeepers. The Am Law 100 firm says it is the first to extend such a policy outside of ...

Professional services consultant Loren Fogelman of Business Success Solution dives into how accountants can find and communicate value without being dragged down by the anchor of the billable hour.

The future of the billable hour is simple. There isn’t one. OK, let’s not get too excited. When I say that the billable hour has no real future, I mean as it is used now — as a stopgap to keep our ...

Generative AI is transforming the legal industry, but attorneys say the billable hour is here to stay. Instead, they said the value of a lawyer's hour is likely to increase as AI tools help automate ...

Early in my career, I was doing well at a midsized accounting firm. But one thing struck me as absurd. There was constant pressure on my team and me to hit a certain number of billable hours — a lot ...

It has been criticized as inefficient, needlessly punitive, and susceptible to abuse. Law students are warned about it. Attorneys have called for its death and likened living under its regime to a ...

Law firms’ reliance on billable hours is hampering diversity and wellbeing, suggests INTA, but both sides of the profession must club together to enact change In-house and private practice counsel say ...

Mark Doble is the Founder and CEO of Alexi, a legal intelligence platform helping law firms deploy AI on their own terms. There’s a common story in legal tech that the billable hour blocks innovation.

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Natalie Musumeci Every time Natalie publishes a story, you’ll get an alert straight to your ...