the [non]billable hour
points to a white paper on "value billing" by professionals. In other words, instead of billing by the hour (or tenth of an hour) the professional charges a fee based on the value of the benefit provided to the client.
This trend is starting to take on momentum in the legal world and elsewhere. Professionals and their clients would do well to keep on eye on it. Plaintiffs' attorneys will note that contingency fees are the ultimate in "value billing" - you win or you go broke.Posted by wasylik at May 22, 2004 12:13 AM | TrackBack