The ability of AI to reduce the time required for certain legal tasks is exposing the legal profession's reliance on the ...

Transitioning to fixed or project-based pricing demands a thoughtful reengineering of how firms scope, staff, and sell their ...

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 ...

First-years at Ropes & Gray can now spend a fifth of their required billable hours exploring AI Plaintiffs' firm wins lead counsel bid after fight over press releases Objectors miss chance to ...

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 ...

Stoy Hall, CFP, at Black Mammoth, explains how he helps clients reduce divorce attorney costs by leading financial discovery, clarifying fee structures upfront, and delivering an organized financial ...

An international database tracking artificial intelligence hallucinations in legal documents reveals California leads the nation, followed by Texas and Florida. If ever there was support for attorney ...

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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 ...

New survey data shows rates, revenues and expenses all rising at big law firms Cravath seeks $205 million in Epic-Google fight Lawsuits continue after Philly firm folds Aug 28 (Reuters) - (Billable ...

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 ...