Revolution in Law: How AI is Challenging the Traditional Billable Hour Model
London, UK — The legal industry, long anchored by the billable hour as a staple measure of productivity and earnings, is now poised for a substantial transformation. The catalyst of this change is the increasing integration of artificial intelligence (AI) tools into legal practices, which promises not only to alter how services are delivered, but also how they are valued and charged. For decades, law firms have traditionally relied on the billable hour to quantify the value of their services. This method charges clients for the amount of time a lawyer spends on a particular … Read more