Kill the Billable Hour? A British Response

Kill the Billable Hour? A British Response
This merits a mention, in part, because, when both London and New York start thinking the same way on a topic, it becomes much more likely that it is going to take hold. I think, however, that some of the comments seriously understate the ease with which lawyers and their clients will be able to agree on the value of a transaction. However, the positive aspect is that, once there is agreement, it is more likely that payment will follow as agreed. This growing debate about the billable hour merits close attention, because, if it takes hold in major international transactions, this will provide considerable impetus to implement it more broadly.