| | Wednesday, December 14, 2011 1:33:15 PM | LOCAL BUSINESS ALERT | | | Holland & Knight's lobbying division, one of K Street's most lucrative public policy groups, is ditching the billable hour starting Jan. 1. The move, approved by law firm management late last week, is a major change in the way lobbying groups within law firms traditionally charge clients. Most government relations groups at law firms charge a monthly retainer, but individual lobbyists still have to keep track of their hours. That practice has long made it harder for law firms to compete with independent lobbying and consulting shops — where lobbyists don't typically do hourly timekeeping — in recruiting top talent.
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