BUSINESS

Law Firms Rethinking "Billable Hours" As Clients Tighten Belts

03/02/2009 05:12 am ET | Updated May 25, 2011

Lawyers are having trouble defending the most basic yardstick of the legal business -- the billable hour.

Clients have complained for years that the practice of billing for each hour worked can encourage law firms to prolong a client's problem rather than solve it. But the rough economic climate is making clients more demanding, leading many law firms to rethink their business model.

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