Generative AI: A New Era For Pricing In Law?

The billable hour has been the predominant business model in the legal profession for over 50 years. And despite a lot of talk and debate, it remains that way.

Generative AI may be about to change all that.

In what is my most comprehensive take on GenAI and its potential impact on the future of the legal business model, I explore how AI could transform the legal profession, why the billable hour and time recording will come under pressure like never before, the role lawyers will play in an AI-driven world, and how models like value pricing and subscriptions can lead to a bright future for lawyers, clients, and the legal profession as a whole.

You can find my article here.

I'd love to hear your thoughts on this topic: Do you think AI will bring an end to the dominance of the billable hour? Which business model is most likely to replace it? Or will the billable hour and time recording remain the model of choice?

That's it for now.

Here's to making it rain!

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What about a free e-book called ‘Bullsh*t & Bollo*ks Excuses’?

All those lawyer conversations I’ve posted about over the years.

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