And while the “billable hour” can be a psychological trap, it does teach us one valuable lesson: there is a distinction between working and not working. It’s a distinction worth sustaining.

Significant Time Savings: Nearly half of respondents report that GenAI saves them between one to five hours per week. Across ...

Billable hour rates vary based on the associate's seniority and experience. Magic Circle law firms may charge up to £1,500 per hour for partners, while rates at US firms can reach $2,000 ...

Analysis Is Generative AI Coming For Your Billable Hours? Some disruption to law firm pricing is inevitable, but just how far that spreads is an open question. September 26, 2023 at 09:00 AM 9 ...

The billable-hour model only works, however, when firms are flush with business. During the recession, idle associates became dead weight, law firms orchestrated massive layoffs, and the model’s ...

Commentary Billable Hours May Never Go Away, but There's Room for Other Drivers of Performance 5 minute read October 03, 2023 ...

Believe it or not, AI could prompt lawyers to bill more by the hour. The value of a lawyer's hour is likely to increase as AI tools help automate routine tasks. "You'll still see billable hours ...

As a litigation attorney who has dispensed totally with the billable hour, I am seeing an influx of clients who are tired of paying for a brief phone call or email to their lawyer.

Billable Expense Income Vs. Product. Vendors that incur expenses in the course of providing a product and a service to another company or client often bill these expenses directly to the client ...