Moving beyond the billable hour requires more than negotiating new fee structures with outside counsel.
Generative AI is transforming the legal industry, but attorneys say the billable hour is here to stay. Instead, they said the value of a lawyer's hour is likely to increase as AI tools help automate ...
The ability of AI to reduce the time required for certain legal tasks is exposing both the legal profession’s reliance on the ...
Early in my career, I was doing well at a midsized accounting firm. But one thing struck me as absurd. There was constant pressure on my team and me to hit a certain number of billable hours — a lot ...
As with most things—it depends. "So how many hours is too many hours? Nobody can decide that for an individual," legal consultant Sharon Meit Abrahams said. Even David Sanford, chair of Sanford ...
Rimon Law managing partner Juan Zuniga predicts that, aided by AI, the percentage of global revenue that arrives via ...
For decades, the billable hour has been the legal profession's sacred cow—a billing model so entrenched that many lawyers can't imagine practicing without it. But as artificial intelligence transforms ...
It seems like most discussions of law firm productivity these days – from Partners to paralegals – include references to declining billable hours, which are further extended into comments on declining ...
Billing by the hour has long been the standard pay arrangement between most lawyers and clients. That norm isn’t likely to end anytime soon, but more and more law firms are offering other payment ...
The ability of AI to reduce the time required for certain legal tasks is exposing both the legal profession’s reliance on the ...