Does Hourly Billing Make You More Efficient?
Yes, says 3 Geeks and a Law Blog. Not so fast, says I. What the Lexis Billable Hours study (PDF) actually says is that law firms that bill by the hour spend less time on administrative tasks. In other words, if your performance is judged by the hours you bill, you will spend more time doing that.
I’m not sure the study says anything about efficiency, actually. [Thanks, Towle!]