For decades, elite corporate law firms have relied on the billable hour to fuel profits. Can the model survive the age of AI?

New York-based startup Crosby’s AI agents and lawyers work together to review contracts quickly, billed by the page, for the ...

Law firms can no longer justify billing by the hour when AI has sharply cut the time needed to do legal work. Read more at ...

A newly released report from the law firm network Lex Mundi has reinvigorated the age-old debate on the topic. The legal industry's deeply entrenched pricing model—the billable hour—isn't going away ...

Mark Doble is the Founder and CEO of Alexi, a legal intelligence platform helping law firms deploy AI on their own terms. There’s a common story in legal tech that the billable hour blocks innovation.

Jeff Bleich, now Anthropic's general counsel, thinks artificial intelligence will usher in the death of the billable hour business model for law firms.John Salangsang/Variety via Getty Images The ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The Washington Court of Appeals has clarified that litigation receipts should be sourced to the venue of the case, while consultation services should be sourced to the client’s location. This nuanced ...

Your $125 Equifax settlement is now worth $6.80, while lawyers laugh all the way to the bank Lawyers will receive more than double the amount of consumers whose social security numbers and addresses ...