Difficulty to estimate time

At the blog "Above and beyond KM" there is an interesting blogpost about the difficulty to estimate time and the impacts this difficulty has when it comes to new fee arrangements.

"When lawyers work in a world that rewards according to time spent, it becomes imperative that we understand better exactly how much time an activity times." "... consider that as we shift to alternative billing arrangements, bad estimates come out of the lawyer's pocket rather than the client's pocket."

 

 

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