Why many firms struggle with ditching hourly billing – part I
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Summary
This is part 1 on why some firms struggle when trying to ditch hourly billing. There can be various issues that can make changing difficult, but this episode focuses on one issue in particular that I see firms run into, and when they do it can completely derail their conversion program. This is also something that has kept many firms from even trying to ditch hourly billing for another method because they aren’t able to get past the issue within the firm. If you are thinking about ditching hourly billing in your firm, stay tuned because this episode is definitely one you want to listen to. TAKEAWAY: ditching hourly billing requires not just a change in how you bill your clients, it requires a business model shift to evaluate and compensate the lawyers in your firm based on something other than hours worked on a matter
First published
02/08/2022
Genres
Duration
31 minutes
Parent Podcast
New Modern Lawyer Podcast
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