This is the moment agencies have been dreading and denying in equal measure. The business model that sustained professional ...

Shares of legal data service provider Thomson Reuters fell roughly 16% on Tuesday, while shares of LexisNexis parent company ...

Rimon Law managing partner Juan Zuniga predicts that, aided by AI, the percentage of global revenue that arrives via ...

Early in my career, I was doing well at a midsized accounting firm. But one thing struck me as absurd. There was constant pressure on my team and me to hit a certain number of billable hours — a lot ...

Generative AI is transforming the legal industry, but attorneys say the billable hour is here to stay. Instead, they said the value of a lawyer's hour is likely to increase as AI tools help automate ...

Hourly compression is only the first-order effect, James K. Dixon writes. Here's what law firm leaders should do to protect ...

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.

The ability of AI to reduce the time required for certain legal tasks is exposing both the legal profession’s reliance on the ...

For decades, law firm financial models have been built on a simple premise: people doing lots of work. The industry has functioned on the billable hour, where time is directly equated with money. It ...

CPA Bret Pacheco Argues the Billable Hour Is Inherently Flawed. He Built a New Model to Fix It. Fueled by his own burnout and a family tragedy, Bret Pacheco’s fixed-fee practice prioritizes the human ...