From the law firm's perspective, billing by the hour has a certain appeal: it shifts risk from the firm to the client in case the work takes longer than expected. But from a client's perspective, it doesn't work so well. It gives lawyers an incentive to overstaff and to overresearch cases. (Robert Pozen)

From the law firm's perspective, billing by the hour has a certain appeal: it shifts risk from the firm to the client in case the work takes longer than expected. But from a client's perspective, it doesn't work so well. It gives lawyers an incentive to overstaff and to overresearch cases.

Robert Pozen

Related topics

appeal billing case certain client firm gives hour incentive law longer perspective risk well work

Related quotes

We travel together, passengers on a little spaceship, dependent on it's vulnerable reserves of air and soil, all committed, for our safety, to it's security and peace. Preserved from annihilation only by the care, the work and the love we give our fragile craft.
Adlai Stevenson II
Many of you are well enough off that the tax cuts may have helped you. We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to take things away from you on behalf of the common good.
Hillary Clinton
The face of nature and civilization in this our country is to a certain point a very sufficient literary field. But it will yield its secrets only to a really grasping imagination. To write well and worthily of American things one need even more than elsewhere to be a master.
Henry James
Have regular hours for work and play; make each day both useful and pleasant, and prove that you understand the worth of time by employing it well. Then youth will be delightful, old age will bring few regrets, and life will become a beautiful success.
Louisa May Alcott
All that stuff about heavy metal and hard rock, I don't subscribe to any of that. It's all just music. I mean, the heavy metal from the Seventies sounds nothing like the stuff from the Eighties, and that sounds nothing like the stuff from the Nineties. Who's to say what is and isn't a certain type of music?
Ozzy Osbourne