Will inflation blow-up the #billablehour?

I doubt it.

But, multiple news outlets are reporting that the effect – perceived or real – of inflation is screwing with realised billable hour rates (see ‘Inflation Is Messing With Biglaw Billing‘ on Above The Law – as well as several others quoting from the six-month report recently published by Wells Fargo Private Bank Legal Specialty Group).

And all I have to say is this: There is an alternative – if you want to inflation proof your pricing, don’t bill by the hour (especially when you are getting paid for that hour, on average, 100+ days after you put it on your timesheet!)…

rws_01

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