Ruben Miessen, CEO of Belgium-based AI company Legalfly, predicts the billable hour will die in 2026, noting that generative ...

Transitioning to fixed or project-based pricing demands a thoughtful reengineering of how firms scope, staff, and sell their ...

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

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 ...

Billing by the hour has long been the standard pay arrangement between most lawyers and clients. That norm isn’t likely to end anytime soon, but more and more law firms are offering other payment ...

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 ...

For lawyers, time has always been money, which has made the billable hour standard practice for the profession since the 1960s. But with the rise of artificial intelligence, which already can cut the ...

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 ...

Is the billable hour dying? According to research from the latest Legal Trends Report, clients want modern payment options: over half of potential clients would prefer to pay their lawyers using ...

As AI takes on more business processes, more businesses are having to rethink their approach to fee-charging. The reality is that many traditional time-based pricing strategies are becoming obsolete.

Generative AI conceptual design tools can create images such as these (made by ENR using Adobe’s Firefly Image 3 tool for demonstration purposes), working from text prompts as broad as “construction,” ...