We have begun working on a new report that will deal with the possible end of the billable hour. Specifically, we will be conducting a survey of 1,000 solo / small firm Toronto lawyers over the next month and asking them basic questions about their hourly rates, fixed fees for certain transactions, etc. It’s likely that we’ll find that certain lawyers (based on experience and legal area) are more expensive than others. We want to tie in the data to a broader discussion on alternatives to the hourly rate, such as fixed fees, contingency fees, request for proposals, day-rates/week rates, etc. The idea has generated a lot of interest from the media already. Stay tuned for the release of the report (hopefully in the next few weeks or so)…
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