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Time’s Up: Will Law Firms Say Goodbye To Billable Hour In The (Gen)AI Era?

Above The Law

In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why Law Firms Should Rethink the Billable Hour in the Generative AI Era, [1] we hypothesize that Generative AI (GenAI) technology will change forever how legal services are delivered and will force law firms to re-engineer their legacy economic model.

Law Firm 100
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ALSP Factor Launches Product for Law Firms to Manage and Support Transactions

LawSites

There is no denying that some law firms view alternative legal services providers such as Factor as competitors, particularly for corporate legal work. Now, building on these experiences, Factor is launching a productized, tech-enabled Legal Transaction Optimization service specifically for law firms.

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Alternative Legal Service Provider and Cenza – A quick recap of the journey

Cenza

The practice of outsourcing certain aspects of legal work by law firms, in-house counsels, and individual attorneys existed for decades. It took years to shape into a formal industry and to be christened Alternative Legal Service Providers. Despite the not-so-clear path it traversed, the ALSP industry has evolved into a $15.8

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Managed Document Review: The Key to Accurate and Cost-Effective Legal Analysis

Cenza

In today’s fast-paced legal industry, efficient and accurate document review is crucial for successful case outcomes. However, with the vast amounts of data and documentation involved in many legal cases, traditional manual document review processes can be time-consuming, error-prone, and costly.

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Types of Litigation Software to Know

Paralegal Bootcamp

You can Google the type of software using the word legal or law firm in front of it to find lists of recommended software technology. For example, use the search terms: “Law firm billing software” to get the most up-to-date results. Billing Conflict Checks Calendaring Docketing Document Management Cybersecurity.

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Alternative Legal Service Providers – An ally to embrace

Cenza

Therefore, legal service providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative Legal Service Providers (ALSPs). Tracing the ALSPs’ growth path.

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Top 8 Legal AI Tools: Improve Firm Productivity

MyCase

Artificial intelligence (AI) is rapidly transforming the way law firms operate. It can be challenging to understand the different types of legal AI tools and their benefits. Let’s explore what legal AI tools can do for your firm. What Are Legal AI Tools? Why Should Lawyers Use Legal AI Tools?