Legal News

Pricing strategies—the end of the billable hour?

Published on: 13 July 2016

Table of contents

  • Introducing the billable hour
  • Balancing the different approaches
  • Size does not necessarily make a difference

Article summary

Practice Management analysis: The ‘billable hour’ has proved the traditional failsafe charging basis for clients for decades. Nevertheless, modern technology and processes, greater client demands and expectations and stiff competition mean the billable hour may no longer be fit for purpose.

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