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Tom Freeman: The Billable Hour is Broken
Episode 169

Tom Freeman: The Billable Hour is Broken

BE THAT LAWYER

March 14, 202231m 4s

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Show Notes

In this episode, Steve Fretzin and Tom Freeman discuss:

  • The evolution of the legal industry between the great recession and the great resignation. 
  • Building beyond the billable hour. 
  • The future of law firm cultures. 
  • The value and portability of having your own book of business. 

 

Key Takeaways:

  • Lawyers and associates now have more choices than they ever have and they are being more particular about what they are willing to accept. 
  • DEI is late coming to law firms and law firm culture, but we are starting to see a shift. The thriving firms are the ones that are embracing DEI. 
  • The practice of law is changing for the better as more diversity joins in the industry. Minorities and women are going to law school more than ever and bringing a different perspective. 
  • Law schools don’t teach you to think like a lawyer, they teach you to think like a law professor. 

 

"The billable hour model is broken. It doesn't incentivize those types of mentoring relationships, or those types of collegial training experiences." —  Tom Freeman

 

Connect with Tom Freeman:  

Website: http://www.thomasfreeman.com/

LinkedIn: https://www.linkedin.com/in/thomasfreeman/

 

Thank you to our Sponsors!

Legalese Marketing: https://legaleasemarketing.com/

Moneypenny: https://www.moneypenny.com/us/

 

Connect with Steve Fretzin:

LinkedIn: Steve Fretzin

Twitter: @stevefretzin

Facebook: Fretzin, Inc.

Website: Fretzin.com

Email: [email protected]

Book: The Ambitious Attorney: Your Guide to Doubling or Even Tripling Your Book of Business and more!

YouTube: Steve Fretzin

Call Steve directly at 847-602-6911

 

 

Show notes by Podcastologist Chelsea Taylor-Sturkie

 

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.