The impact of GenAI on the business of law and the billable hour
Clarity
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Navigating Fixed Fees and Legal Project Management in the Age of Gen AI
This chapter explores the complexities of fixed fee arrangements within the legal field, focusing on the importance of effective project management and clear communication with clients. It emphasizes the need for law firms to proactively shape their market position while educating clients about the capabilities and limitations of technology, particularly Generative AI.
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