Early in my career, I was doing well at a midsized accounting firm. But one thing struck me as absurd. There was constant pressure on my team and me to hit a certain number of billable hours — a lot ...

Generative AI is transforming the legal industry, but attorneys say the billable hour is here to stay. Instead, they said the value of a lawyer's hour is likely to increase as AI tools help automate ...

For some clients, the legal billing process can be challenging to navigate making it crucial for firms to have transparent, easy-to-digest terms. Find out more about red-flag billing practices to ...

For decades, law firm financial models have been built on a simple premise: people doing lots of work. The industry has functioned on the billable hour, where time is directly equated with money. It ...

Professional services consultant Loren Fogelman of Business Success Solution dives into how accountants can find and communicate value without being dragged down by the anchor of the billable hour.

Your $125 Equifax settlement is now worth $6.80, while lawyers laugh all the way to the bank Lawyers will receive more than double the amount of consumers whose social security numbers and addresses ...