Monthly Archives: April 2014

Monthly Archives: April 2014

Paying Lawyers by the Hour

Posted on by Sam Posted in Uncategorized | Comments Off on Paying Lawyers by the Hour

Rolf Dobelli in his book, “The Art of Thinking Clearly”, writes in Chapter 18 about the concept of incentive super-response tendency.  More simply, people respond to incentives by doing what is in their best interests. Coming to law from the business world, I’ve always been baffled by the billable hour model in law. If lawyers are paid by the hour, where is the urgency to getting the deal done fast?  Why rush anything when taking longer is not only more …