September 24, 2022

the tyranny of billable hours

Billable Hours vs. Value Pricing: Who Ya GOT?

You may have heard I almost got my butt kicked over value pricing at AccountingWEB Live. After Adrienne’s article about the incident and its related comments, I need to clarify some things.

I think timesheets and billable hours suck, and it’s not because I’ve been brainwashed by our Glorious Leader, Ron Baker, praise be onto him.

Study: Billing by the Hour Makes You Suck

A recent study from City University London determined that "the 'tyranny of billable hours' in professional service firms leads to over-charging clients, overworking junior employees, and avoiding strategic issues." Thanks to Professor Obvious, his two-year study of tax lawyers at an undisclosed Big 4 firm, and his grant from the Institute for the Verification of Stupid Shit, now the […]