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Will generative AI (finally) spell the end of the billable hour?

ABA Journal: Legal Rebels

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Evolution of Billing Practices in Law Firms

Exploring the historical shift from flat fee schedules to billable hours, the chapter delves into the influence of accountants, legal developments, and the enduring nature of hourly billing in the legal profession. It also discusses the tension between time-based billing and value delivery, particularly in the context of immigration law's reliance on flat fees despite industry disruptions.

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