Best of 2023: On Taking Typing out of Litigation (Automating Legal Drafting with AI) Nathan Walter (CEO Briefpoint)
Technically Legal - A Legal Technology and Innovation Podcast
Efficiency Tools vs Hourly Billing
Efficiency tools in the legal sector challenge the traditional hourly billing model, revealing a disparity in how attorneys bill clients versus how much work is actually accomplished. Corporate clients often employ legal analysts to scrutinize and cut down billed hours, meaning attorneys do not receive full compensation for their time. Many billable-hour attorneys are overwhelmed and prefer to focus on more creative aspects of their work rather than routine tasks. Tools like Brief Point not only simplify the discovery process but also help manage costs effectively, making attorneys more attractive to clients. As in-house counsel become aware of the use of efficiency tools, they may impose stricter budgets for tasks like discovery, leading to negotiations on billing practices. Consequently, attorneys leveraging advanced technology can better align their services with client expectations and budgetary constraints, enhancing their competitiveness in the legal market.
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