Capping your hourly fees is like going on a Jenny Craig diet.
For most people, any diet is hard to do. But Jenny also costs money. The best-case scenario is that you will get skinny.
Same thing with capping fees. It's a difficult discipline. It will definitely cost you money. And if you don't make enough money to put bread on the table, well, you get the point.
Sure, capping fees is great for clients; they like their lawyers lean. And it may pay off in the long-run if it keeps clients coming back. But maybe you actually want to make more money for desserts at the end of the day. Here's some food for thought: