Legal operations advisor and law professor Mitch Kowalski joined me on Ditching Hourly to talk about innovation in the legal profession, including alternatives to hourly billing.
Talking Points
- The history of hourly billing in the legal profession
- Transparency in pricing (and why hourly billing isn't transparent at all)
- The perverse incentives of hourly billing
- Why billing hourly short changes you if you are good at what you do
- The importance of breaking a big project into small chunks
- Why lawyers remain in the “dark ages,” technologically speaking
- The mental health effects of hourly billing
- ”Working toward the price”
- Price as an initial design constraint
- Reverse engineering your costs to support your desired pricing
Mitch’s Links
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Before you go!
The next time someone asks you for your hourly rate, I want you to stop what you're doing and head on over to valuepricingbootcamp.com to sign up for my free value pricing email course.
Hope to see you there!
