Time to Blow Up the Billable Hour Cliff?

Once the fiscal cliff is resolved, is it time to address the billable hour cliff?

It’s time we face a fundamental problem that’s existed for the past 35 years after we moved away from fixed prices, retainers and other approaches that had previously been used and instead went to fees based solely on hours.

[Read: Time to Blow Up the Billable Hour Formula at the ABA Journal]