For years, billable hours have been the industry standard for digital consulting. But as AI reduces manual effort, shortens delivery cycles, and increases reuse across projects, time spent is no ...

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

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 ...

A newly released report from the law firm network Lex Mundi has reinvigorated the age-old debate on the topic. The legal industry's deeply entrenched pricing model—the billable hour—isn't going away ...

What You Need to Know A new report from Lex Mundi has reinvigorated the debate over the fate of the billable hour. It was based on insights gleaned from general counsel who attended the law firm ...

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.

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

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 ...