Should Auld Time Billing Be Forgot (ft Adrian Parlow)

Join Horace and Damien as they return from a break to a deep dive discussion with Adrian Parlow, founder and CEO of Point One, on the significance and future of timekeeping in law firms. They explore the persistence of the billable hour, the potential shift towards flat fees, and the role of AI in automating time entries. The conversation delves into how accurate time data can transform law firm efficiency, pricing, and the overall practice, with a spotlight on standardization through systems like SALI.

00:00 Welcome Back!

02:00 The Future of the Billable Hour

04:18 The Importance of Time Data

07:54 Challenges in Timekeeping

13:07 AI and Automation in Law Firms

15:29 Transitioning to Flat Fee Models

24:21 Standardizing Legal Data

30:39 Looking Ahead: The Future of Time Keeping

35:15 Closing Remarks