Hourly Model
topic on 2 shows · 2 statements across 2 episodes
2 statements about Hourly Model, every show
Nanavati: Law firms' billable-hour model is ripe for disruption
“The business model of legal services and law firms is based on an hourly model. And it's all about how can you increase the billable hours? Which means you need a very, very fat wallet. You even pay for things like reading an email. Hey, can I get on a call ty…”
Van Binsbergen: Hourly billing directly disincentivizes legal innovation
“Most law firms still bill on a hourly model, whereas a lot of innovation takes place in industries where the person doing the innovation will be able to reap the rewards. So if you introduce a new efficiency in a law firm, which means that you spend less time …”