A possible upside to the recent economic downturn is that many previously accepted business models are being revealed as in need of substantial reinvention or even total elimination. The billable hour/leverage law firm model for legal services is one of these increasingly maligned business models, and is now appearing to be in danger of ending up in the dustbin of history. Specifically, even those who benefit handsomely from the billable hour . . . now realize the fundamental irrationality of charging a client for time spent instead of value provided. This alone should signal that change is in the air. [Read more . . .]
Jackie is a seasoned expert in intellectual property strategy, and I'm pleased to add her outstanding blog, IP Asset Maximizer, to my blog roll.