If the number they quote in the article about gaining four hours per week is accurate, that’s a massive change. In the last few months, many people in the industry have mentioned fixed-rate billing. It’s been an option for law firms for a long time, but it’s only gotten slight traction so far.
That might be about to change. Justifying the current economic model and investing in AI tools that save this much time will be quite challenging. The risks involved with “finding” more billable time are too high. I know; I’ve worked as a consultant before, and while it sounds great that finishing projects ahead of time frees you up to work on other projects, when those other projects don’t come in, you wind up short on your billable hour requirements and those tools that were supposed to make your work-life better, suddenly make it a lot worse.
The post Linked – AI Will Save Lawyers Time – But Does Anyone Want That? appeared first on Mike McBride Online. If you want to see more like this, consider subscribing to the RSS Feed.