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Covering the Front and Back Pages of the Newspaper
August 30, 2010
LAW: The Billable Market
One of the enduringly stupid genres of legal writing is bemoaning the billable hour, which everyone hates but which has endured for a variety of practical reasons I've written about repeatedly in the past. This from the American Lawyer's AmLaw Daily is an extreme example of the genre: Yet it survives because it has powerful defenders, including the U.S. Supreme Court's conservative five-man majority. Yes, the obstacles facing those seeking better days are that formidable. This ignores the fact that - as the Court pointed out - the Court would be open to reconsidering its rule if the market changed, i.e., the market for legal services not subject to court approval but negotiated between willing parties with their own money. The job of the court in approving fee-shifting awards (or in class action or bankruptcy cases) is to attempt to produce a judicial resolution that best approximates what would be negotiated privately. If the private market changes, so will the law. Comments
Yes, another attorney who hates those articles as much as I do. "Why can't lawyers be paid in sunshine and puppies?" Look, I'd like to not have to keep track of my time as much as the next guy. But, I'd also like to get paid to play short stop, and that ain't gonna happen either. Posted by: Linus at August 30, 2010 11:50 PMFavorite lawyer joke: Lawyer dies and goes to heaven (OK, it could happen!). He is at the pearly gates and confronts St. Peter. He starts yelling at St. Peter that it was not his time to go. He just was made a partner, has a new house, a beautiful wife, and two great kids. Life was just getting great. St. Peter says "OK, let me check to see if there was a mistake". So he looks in his book and says "Your are George Smith, living in Miami?" "Yup" says the lawyer. St. Peter says "Yes, today was your day". The lawyer yells "But I was only 35 years old!". St. Peter says "35? It says here you at 90 years old! Wait, I see the problem, we used your billable hours!" Posted by: Lee at August 31, 2010 6:53 PM
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