The End of the Billable Hour?

It is my goal at the conclusion of every legal matter to have reduced risk for my client.  Most of my counsel is aimed at enabling company owners to focus on running their firms, without the uncertainty that stems from poorly planned and vague business governance.  However, the billable hour -- long the standard billing method of the legal industry -- stands as one of the more uncertain and anxiety-producing factors for such clients.

Neither lawyers nor clients like billable hours.  Obviously clients dislike the method because they aren't able to determine fully how much a given legal service will cost.  Lawyers too find the system frustrating.  It is very difficult to balance the need to provide clients with superior and comprehensive service while simultaneously attempting to limit time spent on a matter to control costs.

For generations, the billable hour has remained unchallenged.  However, as noted in the current edition of The Economist, the recent recession has given clients the leverage needed to object effectively in favor of new schemes.   Small business law in particular lends itself to an alternative billing structure.  In matters not involving extensive negotiations with opposing parties, the time required to accomplish many small business legal matters can be determined in advance, thus allowing for fixed fee billing.  Fixed fee services provides a comfort level for both parties and allows clients vital increased communication with lawyers without fear of incurring additional costs.

The structure and mission of The Kramer Law Firm enables us to work with each client to develop a payment structure that accommodate most financial situations.  Please contact us to discuss these flexible options.