Tom Freeman: The Billable Hour is Broken
In this episode, Steve Fretzin and Tom Freeman discuss:
- The evolution of the legal industry between the great recession and the great resignation.
- Building beyond the billable hour.
- The future of law firm cultures.
- The value and portability of having your own book of business.
Key Takeaways:
- Lawyers and associates now have more choices than they ever have and they are being more particular about what they are willing to accept.
- DEI is late coming to law firms and law firm culture, but we are starting to see a shift. The thriving firms are the ones that are embracing DEI.
- The practice of law is changing for the better as more diversity joins in the industry. Minorities and women are going to law school more than ever and bringing a different perspective.
- Law schools don’t teach you to think like a lawyer, they teach you to think like a law professor.
“The billable hour model is broken. It doesn’t incentivize those types of mentoring relationships, or those types of collegial training experiences.” — Tom Freeman
Connect with Tom Freeman:
Website: http://www.thomasfreeman.com/
LinkedIn: https://www.linkedin.com/in/thomasfreeman/
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Connect with Steve Fretzin:
LinkedIn: Steve Fretzin
Twitter: @stevefretzin
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Website: Fretzin.com
Email: Steve@Fretzin.com
Book: The Ambitious Attorney: Your Guide to Doubling or Even Tripling Your Book of Business and more!
YouTube: Steve Fretzin
Call Steve directly at 847-602-6911
Show notes by Podcastologist Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.
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