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 ...
Rita Gunther McGrath (@rgmcgrath) is an academic director in executive education at Columbia Business School and author of “Seeing Around Corners: How to Spot Inflection Points in Business Before They ...
There is growing agreement across the legal industry that artificial intelligence may mark the end of the billable hour. When intelligent systems can complete discrete legal tasks faster, more ...
If you’ve ever hired a lawyer, you know the pain of the billable hour. You get the invoice, and it’s filled with charges like “0.1 hours to read an email” or “0.3 hours for a phone call.” I know this ...
In a recent law.com video podcast, Williams & Finkbine managing partner Arnold Finkbine lays out how and why his law firm’s AI caution became AI confidence. Arnold Finkbine was one of many lawyers ...
Ah, the B-word. Attorneys have a complicated relationship with it. For many, it's the bane of their existence, but billables are also the holy grail of law firm profitability. The billable hours ...
Mark Doble is the Founder and CEO of Alexi, a legal intelligence platform helping law firms deploy AI on their own terms. There’s a common story in legal tech that the billable hour blocks innovation.
Law firms’ reliance on billable hours is hampering diversity and wellbeing, suggests INTA, but both sides of the profession must club together to enact change In-house and private practice counsel say ...