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Charge-out rate: Difference between revisions
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The time-and-attendance model is embedded deep in the [[Pace layering|cultural layers of commerce]]. It will long outlive trendy types who predict its demise. | The time-and-attendance model is embedded deep in the [[Pace layering|cultural layers of commerce]]. It will long outlive trendy types who predict its demise. | ||
===Wither the great revolution in legal services?=== | ===Wither the great revolution in legal services?=== | ||
It is a truism that one should judge people by what they do, not what they say | It is a truism that one should judge people by what they do, not what they say. To that end the irrepressible rise of the magic circle charge-out rate presents quite a conundrum for legal futurologists. For, if it is true that the traditional legal industry is ripe for disruption,<ref>[https://www.allenovery.com/en-gb/global/news-and-insights/legal-innovation/the-future-of-the-in-house-legal-function The future of the in-house legal function], [[Allen & Overy]] thought leadership.</ref> that [[alternative legal provider]]s will increasingly eat the traditional law firms’ lunch and that, generally, [[we will all have more leisure time in the future]] — one would expect the overall vector of elite law firm charging methodologies to be pointing ''downward''. But it seems not to be so. We hear tell of mid-Atlantic boutiques paying graduates six figures just to sign onto a training contract. Magic circle partners will complain bitterly how hard it is to attract staff. So what is going on? | ||
{{sa}} | {{sa}} | ||