7 Reasons Hourly Billing Sucks
Paying your lawyer is painful. This is why:
If you have ever dealt with a lawyer, you know the billing procedure sucks. We’ve compiled just a few reasons why paying lawyers by the hour is a terrible idea.
At hundreds of dollars an hour, your bill racks up fast. Your lawyer has probably asked for massive retainers and fee deposits just to talk to you. Billing against your fee deposit further reduces transparency and results in massive invoices to prepay for several hours at a time.
2. Lack of Transparency
If you’re lucky, you know you can trust that your lawyer isn’t inflating hours. Paying that bill still sucks though. At some point you have asked if reviewing that document really took 1.75 hours…when you’re not in the room watching your lawyer work, you have no way to check that the hour count is accurate.
You want issues solved and advice quickly. What does your lawyer want? If you’re paying him by the hour, he wants it to take as long as possible. There’s always that extra thing they “strongly encourage” too. Shouldn’t your lawyer have the same goals as you?
Some tasks are easier than others. That’s true for the things you ask your lawyer to do, too. When you pay by the hour, you can be pretty sure that you’re paying your lawyer top dollar whether a matter is complicated or routine. Should your lawyer get to charge you the same for answering an email as they do for appearing in court?
In the 21st Century tech world, almost everything comes with fixed monthly fees. Eve