Ruben Miessen, CEO of Belgium-based AI company Legalfly, predicts the billable hour will die in 2026, noting that generative ...
The ability of AI to reduce the time required for certain legal tasks is exposing the legal profession's reliance on the billable hour.
Moving beyond the billable hour requires more than negotiating new fee structures with outside counsel.
Rimon Law managing partner Juan Zuniga predicts that, aided by AI, the percentage of global revenue that arrives via ...
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 ...
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 ...
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 ...
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 AI takes on more business processes, more businesses are having to rethink their approach to fee-charging. The reality is that many traditional time-based pricing strategies are becoming obsolete.
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 ...
For some clients, the legal billing process can be challenging to navigate making it crucial for firms to have transparent, easy-to-digest terms. Find out more about red-flag billing practices to ...