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

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Show notes by Podcastologist Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.