BILLABLE HOUR TO GO THE WAY OF THE THREE-PIECE SUIT?

August 25th, 2008 by Joe Kristan

Can professionals live without the billable hour? Rush Nigut tells about the movement towards flat-fee pricing for legal services today at IowaBiz.com.
If law firms go that way, accountants can’t be far behind. Many audits and tax returns are already priced that way. It would sure help keep my billing timely. The hard part is figuring out how to price consulting services for open-ended projects, like acquisitions, without hourly billing. Maybe if we get a percentage of the sales price, professionals will behave better because they wouldn’t have an incentive to show off and drag out the deal.

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