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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.

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

Cenza

It took years to shape into a formal industry and to be christened Alternative Legal Service Providers. This fact was further reiterated by Thomson Reuters’ Alternative Legal Service Providers 2021 Report, which unveiled that nearly 79% of law firms and over 71% of corporate law departments are leveraging the services of ALSPs.

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Types of Litigation Software to Know

Paralegal Bootcamp

E-filing File Sharing Redactions Case Management Project Management Matter Budgeting Due Diligence and Investigative. Legal Research and Citations Document Review and Production Early Case Assessment Deposition Management Transcript Management Trial Presentation. Discovery/Litigation Software.

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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

Legal AI tools are making it easier for lawyers and legal professionals to streamline processes, automate tasks, and increase efficiency and productivity. According to recent reports, law firms are well on their way to adopting and implementing AI technology. Let’s explore what legal AI tools can do for your firm.

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How has AI emerged as the go-to legal technology?

Cenza

The legal industry is no exception to this prevailing trend, with law firms worldwide embracing Artificial Intelligence to add efficiency and gain a competitive advantage. Early works on AI in legal services can be traced back to 1956 when professor Layman E. Onboarding the right legal AI.

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The Impact of Artificial Intelligence in the Legal Industry: What is changing, and how?

Cenza

It also acts as a huge time saver by automating contracting information related to document reviews for due diligence, litigation legalese, legal research, etc. Ideally, these tasks take a lawyer’s quality time away from strategic and forward-thinking legal initiatives. Predicting Legal Outcomes.

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