The Death Of The Billable Hour For Solicitors

I've been searching the globe for law firms that don't do billable hours.



Why?



Because you can only work 40 hours a week.



Which means you are limited in terms of productivity.



Plus, you are limited because you are not leveraging true value.



I.e what value you are delivering to the client which may be much

more than the billable hour.



Subscriptions will flourish. Because knowing what you are paying out

each month makes it easy to budget. And knowing what you

are getting in each month makes it easy to manage.



Virtual law firms, where previously unhappy, experienced lawyers work

on a retainer/commission structure will bloom. Lower overheads

for the controlling company and more flexibility both sides.



Technology is what prospects/clients want to get in touch.



Why traipse into expensive real estate offices of a law firm

when you can just as well skype from home/office.



Law firms will continue to discover niche areas and work faster and flexibly

on smaller scales. These individuals or firms will not be restricted by

geography, but more their expert status and how well known they are.



Solicitors that survive and thrive will be those who learn how to become

Great Legal Marketing firms because technical quality is expected yet Legal

Service Quality is what is most in demand.



Here's the list of legal marketing greats;



http://www.family-lawfirm.co.uk/About-Us/default.aspx Woolley and Co - Based in Warwickshire.



Axiom Legal. In a nutshell they’ve used the professional consultant business model (and corresponding cost structure) and employee former big firm lawyers and experienced in-house counsel that charge half the rate.



www.strozfriedberg.com competent technology focused attorneys who would traditionally work for a large law firm but choose to utilize their skills by consulting



(www.rimonlaw.com). They are a virtual law firm based in San Francisco that use top-tier American expat lawyers.



Outside Counsel Solutions at http://outsidecounsel.net/about.aspx. Their US attorneys provide top-quality legal counsel to clients all over the USA, from offices in New York and Jerusalem, at highly discounted rates.