As requested, I have looked into the tendency to overbill in law firms and sole practitioner offices in the United States. I have looked into how these tendencies can endanger any prospective law firm, including our own. According to my findings, the legal profession requires many reforms in order to comply with Rule 1.5 of the Model Rules and to still be able to generate a viable profit through billable hours, fixed rates or contingency fees.
Analysis of Billing Issues Within the Legal Profession
In recent years, the legal industry within the United States has undergone a major transformation. In fact, since the economy crashed in 2008, ...
