Exact(1)
There are many sources of waste and error: pressures on young associates to bill large numbers of hours; billing time in inappropriate increments (the industry standard is 0.1-hour increments, but some firms don't follow that); insufficient training; and simple carelessness, like not entering time until the end of the week and then having to piece things together from memory.
Similar(7)
Hours billed kept piling up, but collections stalled.
They have pressed lawyers to bill as many hours as possible, and redefined productivity to mean number of hours billed (volume) rather than doing more with less (efficiency).
This may not result in many more hours billed, but it saves strain on both lawyer and client in keeping track.
oDesk has seen a 78 percent growth in hours billed by companies in Britain this year, even though it has never had much of a presence there.
One lawyer in Palo Alto said he was not unusual last year in earning more from payments from his firm's venture fund than from hours billed.
In 1965, the American Bar Association found that hours billed by American lawyers ranged between 1,200 and 1,600 annually, practically a part-time schedule today.
Similarly, Dreier, a firm with offices in New York and Los Angeles, now pays its lawyers salaries and bonuses based on revenue generation, not hours billed.
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