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	<title>Comments on: It&#8217;s All About the Charge Hour</title>
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	<link>http://www.markbaileyco.com/blog/practicemgmt/its-all-about-the-charge-hour/</link>
	<description>Turning the profession on its head.</description>
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		<title>By: Michelle Golden</title>
		<link>http://www.markbaileyco.com/blog/practicemgmt/its-all-about-the-charge-hour/comment-page-1/#comment-330</link>
		<dc:creator>Michelle Golden</dc:creator>
		<pubDate>Thu, 24 Jul 2008 21:01:59 +0000</pubDate>
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		<description>Mark, two thoughts come to mind: 1) a lot of firms throw money at their people to make the &quot;time&quot; bite (requirement) less painful, but good firms and HR people know that &quot;time is a currency&quot; these days. Even I know it while trying to juggle my family, friends, career, clients...  If I could buy more time for my days, I&#039;d spend more on that that gasoline, I assure you!

2) a must-read is a commencement speech by lawyer, Stephen Ellis, posted on David Maister&#039;s blog (http://davidmaister.com/blog/602/Being-a-Happy-and-Successful-Lawyer). 

Mr Ellis wisely asserted: The fact is our profession has become increasingly unhappy over the past couple of decades. I am convinced the vast majority of that unhappiness derives from a singleseemingly innocuous event in the late 1980’s: The American Lawyer magazine began publishing the AM LAW 100, and listed the profits per partner of the 100 largest firms. Virtually all of the firms in this country immediately bought in to that statistic as the only credible measure of success. The game was on - we lawyers would now take our measure almost entirely from money, at least in terms of what was publicly discussed. Without question, integrity, service and professionalism were important, but how we measured ourselves was money 

This was a terrible mistake and now, more and more of us see its dark implications: the bragging rights on how many billable hours we charge (and the matching lost weekends and evenings); rates that are topping $1000 an hour; and clients who believe their files are being worked to death by armies of inexperienced associates. All of this so the largest firms can bump their statistical rankings and everybody else can compare themselves to the published stars. 

His whole speech will take 5 minutes to read. Five minutes well spent, I assure you.</description>
		<content:encoded><![CDATA[<p>Mark, two thoughts come to mind: 1) a lot of firms throw money at their people to make the &#8220;time&#8221; bite (requirement) less painful, but good firms and HR people know that &#8220;time is a currency&#8221; these days. Even I know it while trying to juggle my family, friends, career, clients&#8230;  If I could buy more time for my days, I&#8217;d spend more on that that gasoline, I assure you!</p>
<p>2) a must-read is a commencement speech by lawyer, Stephen Ellis, posted on David Maister&#8217;s blog (<a href="http://davidmaister.com/blog/602/Being-a-Happy-and-Successful-Lawyer" rel="nofollow">http://davidmaister.com/blog/602/Being-a-Happy-and-Successful-Lawyer</a>). </p>
<p>Mr Ellis wisely asserted: The fact is our profession has become increasingly unhappy over the past couple of decades. I am convinced the vast majority of that unhappiness derives from a singleseemingly innocuous event in the late 1980’s: The American Lawyer magazine began publishing the AM LAW 100, and listed the profits per partner of the 100 largest firms. Virtually all of the firms in this country immediately bought in to that statistic as the only credible measure of success. The game was on &#8211; we lawyers would now take our measure almost entirely from money, at least in terms of what was publicly discussed. Without question, integrity, service and professionalism were important, but how we measured ourselves was money </p>
<p>This was a terrible mistake and now, more and more of us see its dark implications: the bragging rights on how many billable hours we charge (and the matching lost weekends and evenings); rates that are topping $1000 an hour; and clients who believe their files are being worked to death by armies of inexperienced associates. All of this so the largest firms can bump their statistical rankings and everybody else can compare themselves to the published stars. </p>
<p>His whole speech will take 5 minutes to read. Five minutes well spent, I assure you.</p>
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		<title>By: Shane Eloe</title>
		<link>http://www.markbaileyco.com/blog/practicemgmt/its-all-about-the-charge-hour/comment-page-1/#comment-329</link>
		<dc:creator>Shane Eloe</dc:creator>
		<pubDate>Mon, 21 Jul 2008 16:53:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.markbaileyco.com/blog/?p=65#comment-329</guid>
		<description>I do not know why this concept is so difficult that many smart people running firms around the country can&#039;t seem to grasp it.  Is the hold of the past so tight that we cannot loosen it to ensure a promising future?

I hope the profession sees the light instead of settling for those who will tolerate it the way it is.</description>
		<content:encoded><![CDATA[<p>I do not know why this concept is so difficult that many smart people running firms around the country can&#8217;t seem to grasp it.  Is the hold of the past so tight that we cannot loosen it to ensure a promising future?</p>
<p>I hope the profession sees the light instead of settling for those who will tolerate it the way it is.</p>
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