Home

More Firms Considering Moving Away From “The Billable Hour”
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

The blawgosphere is buzzing with reports that the billable hour is dying, but as Mark Twain once quipped, “The report of my death was an exaggeration”.

It all started where most trends start – Los Angeles. The Southern California stalwart O’Melveny & Myers updated its vision with a five year plan that called for, among other things, flat rate billing for transactional work. Now it appears two other Big Law firms may follow suit. Mayer Brown and Reed Smith are both considering doing the same.

Does this mean first year associates can look forward to eight hours of sleep per night? Is the pressure to rack up billable hours going to vanish? Doubtful. This is three firms and one area of law. The billable hour remains very much in the driver’s seat otherwise.

  
What
Where


It’s worth noting that O’Melveny is the first major firm to make this transition, but the path was paved by smaller firms, like Bartlit Beck and Raymond & Bennett, looking to attract clients that want the security of knowing what their fees will total up front, a strong selling point in an economic downturn.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-Level Commercial Business Litigator

USA-CA-Los Angeles

Los Angeles office is seeking a commercial business litigation attorney with 2-5 years of experience...

Apply Now

Mid to Senior Level Labor and Employment Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid to senior level labor and employment attorney.

Apply Now

Litigation Associate Attorney

USA-TX-Austin

Austin office of our client seeks litigation associate attorney with 1-3 years of experience. The ca...

Apply Now

Litigation Associate Attorney

USA-FL-Miami

Miami office of our client seeks litigation associate attorney with 2-3 years of experience. The can...

Apply Now

RELEVANT JOBS

Staff Attorney- IOI Project

USA-NY-New York City

The IOI Project counsels and represents individuals in more specialized/complex immigration processe...

Apply now

Paralegal

USA-WA-Woodinville

Candidate Requirements: - 4 year degree - Personal injury experience strongly preferred. - ...

Apply now

Legal Assistant

USA-OR-Tigard

Oregon State Treasury is recruiting for the position of Legal Assistant. This position will be locat...

Apply now

Tax Associate

USA-VT-Burlington

Downs Rachlin Martin is seeking an attorney with 3 to 5 years of experience to join its tax practice...

Apply now

SEARCH IN ARCHIVE

To Top