All posts in Prefix LLC

R.I.P. Billable Hour

Firm of the Future, Firm of the Future, Firm of the Future.  Results are in the air!  Recently a colleague of mine (in the legal profession) presented at Ignite Law 2011.  Jay Shepherd, founder of Prefix LLC, shared in just 6-minutes, “How you will practice law in 2019.”  I learned that the billable hour was founded in 1919.  Who knew?  Jay goes into detail on how the legal profession can move away from the century old billable hour.  Pricing based on solutions is cool; old crusty time sheets are not.  If this type of TEDx learning/awareness is happening in the legal community, I see major hope for us CPA’s.   Enjoy, I know I did.