Partners make more money on average and spruik “value-based” fees – but clients want their share. Plus: the Grant Thornton ...

Here lies the billable hour. It died a slow and predictable death, brought about by natural causes. The billable hour would have turned 100 in just a few years. Born in 1919, it is the offspring of ...

Generative artificial intelligence is revolutionizing industries across many sectors, and the legal world is no different. The AI boom has reignited the long-running debate over the potential death of ...

It will take about three minutes to read this column. Whether it’s worth three minutes depends on me, of course. I will do my best. But it also depends on you, on your attitude to time and, perhaps, ...

There’s a quiet kind of “insider leak” happening inside businesses. It’s not the kind that leads to legal trouble—it’s ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Law firms can no longer justify billing by the hour when AI has sharply cut the time needed to do legal work. Read more at ...

Ah, the B-word. Attorneys have a complicated relationship with it. For many, it's the bane of their existence, but billables are also the holy grail of law firm profitability. The billable hours ...

Vendors that incur expenses in the course of providing a product and a service to another company or client often bill these expenses directly to the client when the contract or agreement allows. In ...

IMGCAP(1)]If you are a partner or manager in a small to midsize public accounting firm, you have undoubtedly faced the quandary of whether to spend more time on marketing or billable hours. Processing ...