Is Your Business Model Hours or Results?

by Traverse Legal, reviewed by Enrico Schaefer - April 25, 2006 - Uncategorized

One of the unfortunate consequences of the hourly billing method is that, after decades of use, most law firms work on a business model, which has little depth beyond billing hours. The focus of the firm is making sure that lawyers bill a certain quota of hours per week. Often times, that is as deep as the rabbit hole goes.

A law firm can create a culture which talks about and focuses on delivering results to clients. That is always helpful. Firm culture can have a huge impact on how lawyers go about their day and bill their hours. However, I believe there is a better way to approach the practice of law. Every client is entitled to know not only what hours are being spent on a legal matter but also why those hours are spent and what value those hours are delivering. Every client is entitled to see for themselves what the strategy is and how the firm proposes to accomplish specific goals. How many firms provide that kind of information to their clients?

📚 Get AI-powered insights from this content:

Author


Enrico Schaefer

As a founding partner of Traverse Legal, PLC, he has more than thirty years of experience as an attorney for both established companies and emerging start-ups. His extensive experience includes navigating technology law matters and complex litigation throughout the United States.

Years of experience: 35+ years
LinkedIn /Justia / YouTube

GET IN Touch

We’re here to field your questions and concerns. If you are a company able to pay a reasonable legal fee each month, please contact us today.

#

This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by attorney Enrico Schaefer, who has more than 20 years of legal experience as a practicing Business, IP, and Technology Law litigation attorney.