As law firms face the decline of the billable hour, this article explores how they must rethink incentive structures, with smarter work allocation and behavioral nudges offering a more effective ...

The value of a lawyer's hour is likely to increase as AI tools help automate routine tasks. "You'll still see billable hours, but you'll see a reduction of those billable hours," said one attorney.

Law firms should also issue lawyers 40 billable hour credits to incentivize them to log off email and step away from all work duties for a consecutive week each year, under a resolution submitted ...

The price of a billable hour has risen by more than 10 percent in four years, as large corporate law firms focused on their most expensive work and saved clients' money elsewhere.

With the integration of AI into law firms, Gerratana said he can picture a world where hour-based billing, subscription-type billing, and task-based billing for legal services all exist at the ...

Not to leave the legal profession out of the app-craze, famed defense attorney Alan Dershowitz unveiled a new app this week aimed at reforming the traditional billable hours format that reigns in ...

The law firms surveyed by Wells Fargo's Legal Specialty Group reported a drop in productivity during the first six months of 2023. Lawyers so far this year have logged an average 1,538 billable ...

AI can't replace everything a lawyer does James Gatto, a partner at Sheppard Mullin who co-leads the firm's AI industry team of about 100 attorneys, said that the billable hour isn't going ...