Despite ongoing discussions about eliminating the billable hour in legal billing, it continues to dominate, especially in smaller firms. The Clio report shows that while a significant number of solo and small firms are adopting flat fee billing, hourly billing remains appealing for its predictability and ease of implementation. Flat fees are growing in popularity, but many firms hesitate to fully embrace them without greater confidence in pricing. The journey towards a major shift in billing practices is gradual, emphasizing a reliance on traditional methods for financial security.
Every year, we hear about killing the billable hour and every year, it lives to see another day.
While the report notes that flat fee billing is gaining traction, hourly billing remains the dominant model especially among smaller firms.
Collection
[
|
...
]