Bar Panel: Alternative Fee Arrangements, Flex Time Here To StayFebruary 3, 2011 – In The News
Abraham C. Reich participated in a Philadelphia Bar Association panel to discuss billable hours and alternative fee arrangements in the legal industry. The panel said that buyers of legal services want to be done with billable hours.
Reich commented on the point of view that employers should not have to pay for the training of junior lawyers billing on client matters. He said, “Frankly, I think it’s the biggest disservice to young lawyers…I don’t think it’s a fair comment.”
The panel agreed upon the recognition that lawyers will do better work if they are happy at their jobs. Reich said when he started practicing law almost 40 years ago, he was told not to worry about a book of business and just work hard. "Now, being a talented lawyer is no longer enough. You have to think about how you’re going to make our organization a value proposition,” said Reich.