Moving beyond the billable hour requires more than negotiating new fee structures with outside counsel.
Hourly compression is only the first-order effect, James K. Dixon writes. Here's what law firm leaders should do to protect ...
Ruben Miessen, CEO of Belgium-based AI company Legalfly, predicts the billable hour will die in 2026, noting that generative ...
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 ...
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.
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 ...
CPA Bret Pacheco Argues the Billable Hour Is Inherently Flawed. He Built a New Model to Fix It. Fueled by his own burnout and a family tragedy, Bret Pacheco’s fixed-fee practice prioritizes the human ...
For decades, law firm financial models have been built on a simple premise: people doing lots of work. The industry has functioned on the billable hour, where time is directly equated with money. It ...