Abandoning the Billable Hour
Posted By Rob Millard - 0 Comments -
Exemplar Law Partners LLC of Boston, MA claim to be the first corporate law firm in the USA to abandon the billable hour completely and exclusively adopt a fixed price model. Their CEO, Chris Marsden, has launched a blog called Inside the Firm of the Future to track their experiences and progress. This may prove to be an interesting one to watch. Thanks to Michelle Golden at Golden Practices for the 'heads up.' Michelle notes that while some firms will be applauding Exemplar and hoping that they succeed (because it will provide evidence that their firms might do the same,) it's likely that many others will be waiting for them to fail so that they can say "I told you so" as they dutifully check their watches and fill in their timesheets. Time will tell.
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