FIRM MANAGEMENT
By Patrick Lamb, Patrick McKenna, Jeffrey Carr and Edwin Reeser The problems associated with the hourly billing model have been placed under an increasingly harsh light as economic conditions deteriorated during this business cycle. Predictably, the hourly billing model began to wither. Its saving grace has been the three dimensional intersection of inertia, general risk aversion and a "devil you know" mentality. But the budget restrai...
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