11/08/2024: Trump planning on repealing AI restrictions, Trump implications on future of legaltech, and more
Legaltech Week
The Future of Billing in Law: AI's Role
This chapter explores the intersection of generative AI and the legal field, particularly its potential impact on the traditional billable hour model. The discussion highlights the unpredictability of technological advancements and how established business practices within law firms may resist change. Additionally, it examines the shift in billing practices among smaller firms and specific legal sectors towards more consumer-friendly fee structures.
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