There is no way that lawyers are ethically billing over 3k hours a year. I don’t care what you say, you look hard enough, you’ll find questionable practices. At best, the work product is probably shit at that level of churn.
This video is kind of worthless. Billable hours as a concept isn't even close to being the problem. It's the minimums set by law firms that attorneys are expected to abide by in a given year. Anything close to 2,000 billable hour requirements, which is the norm in BigLaw, is absolute insanity. Even if BigLaw moved to an "alternative" means of measuring lawyer productivity, they could still set nutty minimums for that as well. Attorneys just need to stop accepting jobs that negate their entire work-life balance, and reject work environments that hamper their ability to be with their families enough and go on actual vacations.
@@arthurddayou could use alternative fees in M&A and other transactions. It could be a percentage of the deal value, kinda like how realtors are paid. I’m not suggesting that is the best way to do it, but it is an option.
It’s lawyers’ fault for accepting this. Caveat emptor. You sunk 200k on a degree that teaches you your own irrationality in pursuing this pyramid-shaped organization that you basically have no hope of advancement in (and even if you did, your reward is more work, depression, anxiety, and over-eating). No one thinks that the law is prestigious; in fact, it’s the most hated profession by far.
