24min chapter

Legaltech Week cover image

11/08/2024: Trump planning on repealing AI restrictions, Trump implications on future of legaltech, and more

Legaltech Week

CHAPTER

Evolving Legal Practices: AI and Billing Trends

This chapter explores the current trends in billing practices within the legal industry, focusing on the continued prominence of hourly billing amidst a shift towards alternative methods. It discusses the implications of generative AI on technology-assisted review in e-discovery, highlighting its advantages, challenges, and the evolving landscape it creates for law firms. Ethical considerations related to the use of AI are also examined, particularly how existing guidelines may need to adapt to address new concerns inherent to this technology.

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