Will AI Disrupt the Billable Hour?
Despite decades of sophisticated technological advancements, hourly billing has proven remarkably resilient. However, with the rise of generative artificial intelligence (AI), that may finally change.
September 19, 2024 at 10:06 AM
5 minute read
Artificial IntelligenceLegal technology experts have long predicted the death of the billable hour. The prevailing belief was that efficiency gains driven by technology adoption along with an increasingly competitive legal marketplace would necessarily result in the implementation of alternative fee structures. Yet, despite decades of sophisticated technological advancements, hourly billing has proven remarkably resilient.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250