The billable hour is still very important. There’s probably 100 reasons for that.
— George Vincent, chairman of Dinsmore & Shohl, commenting on law firms’ reluctance to do away with the billable hour in a legal landscape filled with alternative fee plans, flat rates, and cost cuts for clients.
(How important is the billable hour for Biglaw partners’ purses? Flip to the next page to see some of their jaw-dropping hourly rates.)