Tom Freeman: The Billable Hour is Broken

<p><strong>In this episode, Steve Fretzin and Tom Freeman discuss:</strong></p><ul><li>The evolution of the legal industry between the great recession and the great resignation. </li><li>Building beyond the billable hour. </li><li>The future of law firm cultures. </li><li>The value and portability of having your own book of business. </li></ul><p> </p><p><strong>Key Takeaways:</strong></p><ul><li>Lawyers and associates now have more choices than they ever have and they are being more particular about what they are willing to accept. </li><li>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. </li><li>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. </li><li>Law schools don’t teach you to think like a lawyer, they teach you to think like a law professor. </li></ul><p> </p><p><i><strong>"The billable hour model is broken. It doesn't incentivize those types of mentoring relationships, or those types of collegial training experiences."</strong></i><strong> —  Tom Freeman</strong></p><p> </p><p><strong>Connect with Tom Freeman:  </strong></p><p>Website: <a href="http://www.thomasfreeman.com/">http://www.thomasfreeman.com/</a></p><p>LinkedIn: <a href="https://www.linkedin.com/in/thomasfreeman/">https://www.linkedin.com/in/thomasfreeman/</a></p><p> </p><p><strong>Thank you to our Sponsors!</strong></p><p>Legalese Marketing: <a href="https://legaleasemarketing.com/">https://legaleasemarketing.com/</a></p><p>Moneypenny: <a href="https://www.moneypenny.com/us/">https://www.moneypenny.com/us/</a></p><p> </p><p><strong>Connect with Steve Fretzin:</strong></p><p>LinkedIn:<a href="https://www.linkedin.com/in/stevefretzin/"> Steve Fretzin</a></p><p>Twitter:<a href="https://twitter.com/stevefretzin"> @stevefretzin</a></p><p>Facebook:<a href="https://www.facebook.com/salesresults/"> Fretzin, Inc.</a></