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Betsy Markum

I can't believe it, my co-worker just bought a car for $18265. Isn't that crazy!

Joel S.

A couple of thoughts:

1. I think your suggestion about switching firms makes more sense for smaller businesses than for large ones. It seems to me that big business bureaucracy and egos stand in the way of leaving a big name firm in favor of a very good but lesser known firm.

2. I've been hearing about the death of the billable hour for quite some time. I understand the sentiment, but it doesn't seem like there's much critical thinking about the downsides of the alternatives. Law firms are NOT, as a whole, going to take a pay cut. As a result, they are going to set a fixed fee that equates with what their hourly fee would be, and they are going to charge extra (on an hourly basis) for any unexpected matters that arise. The incentive also switches from working as many hours as possible on a client matter to working as few hours as possible -- is that really any better for the client?

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