Tom Freeman: The Billable Hour is Broken

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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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