I love it when I’m right. I don’t gloat too much, but today will a bit, as part of my Law Firm 2.0 series is proving true: the eventual demise of the billable hour.
I won’t reiterate all of my thoughts on the subject. If you are curious, check out my prior postings, but the NY Times recently published an article on how the economy is affecting the concept of the billable hour.
It’s not surprising, but I was still happy to see the results.
Now the only question is whether or not this will ever affect the accounting industry. Let’s all cross our fingers.