Isnt there a conflict of interests with hourly billing?
Yes. Hourly billing pits the interests of the client against the interests of the law firm. If a project takes longer to complete which is bad for the client the law firm makes more money which is good for the law firm. And most firms have annual billing requirements for their lawyers, who dont receive bonuses if they fail to bill a certain number of hours. With that kind of pressure, how hard are your lawyers going to try to keep your billable hours down?