Legal News

Cravath Lawyer: Kill the Billable Hour
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Evan R. Chesler, a Presiding Partner at New York’s Cravath, Swaine & Moore LLP, has made a bold suggestion in January’s Forbes Magazine: Kill the billable hour.

I’m a trial lawyer. I bill by the hour. So do the associates who work for me. I have lots of clients, so I can pretty much work, and bill, as much as I want. This needs to be fixed. Yes, you read that correctly.

Clients have long hated the billable hour, and I understand why. The hours seem to pile up to fill the available space. The clients feel they have no control, that there is no correlation between cost and quality.

  
What
Where


Chesler compares what he does to what a contractor does — except the contractor gives you an estimate, and then sticks to it. If the contractor gets the job done quickly, he makes more money — if there are problems, he makes less.

So what am I proposing? For reasonable periods of time during the life of a lawsuit, say three months at a time, I should do what [a contractor] does: identify the client’s objectives, measure, calculate, build in a contingency and come back with a price. Once the price has been agreed upon, the billable hour should be irrelevant. The client will no longer be surprised by a whopper bill and met by the standard (albeit true) explanation that “litigation is unpredictable.”

Read the whole article.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Via State Policy Blog and The Los Angeles Examiner.





 

RELEVANT JOBS

Associate Attorney

USA-MA-Boston

Preeminent plaintiff-focused civil litigation firm in downtown Boston seeks ambitious and aspiring&#...

Apply now

Associate Attorney

USA-NV-Las Vegas

Associate Attorney Prestigious Personal Injury Law Firm seeks Associate Attorney  MUST be...

Apply now

Attorney

USA-NY-New York City

The Barnes Firm, with a large and rapidly growing national presence, is expanding its Rochester, NY ...

Apply now

Paralegal

USA-NY-New York City

The Barnes Firm is one of the nation’s leading personal injury firms with offices throughout t...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Commercial Litigation Associate Attorney

USA-MA-Boston

Boston office of a BCG Attorney Search Top Ranked Law Firm seeks a commercial litigation associate a...

Apply Now

Foreclosure Attorney

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks foreclosure attorney with experien...

Apply Now

Foreclosure Attorney

USA-TN-Memphis

Memphis office of a BCG Attorney Search Top Ranked Law Firm seeks foreclosure attorney with experien...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top