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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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Top Technology Trends for Transactional Lawyers

LawTechnologyToday

Tremendous opportunities exist for transactional practitioners to leverage technology to optimize outcomes. Each trend has its roots in the now well-established field of litigation-support technology. Creating a robust document repository also allows for the reuse of client documents and attorney work product.

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

Cenza

This invention set the stage for a technology revolution in the legal space. Early-aughts witnessed a new era in legal technology when pioneering solutions emerged in the market. Artificial Intelligence (AI) has emerged as a disruptive technology, redefining how industries think and operate. Legal AI in the early years.

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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

We will break down the paralegal technology skills into three categories of software: administration, matter management, and practice-specific applications. As a new litigation paralegal, it is not expected that you will have mastered all of these technologies. Should You Get Training On All Of These Software Tools?

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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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The Process of Buying or Selling a Business: A First-Time Buyer’s Guide to Due Diligence

Strictly Business

Due diligence is the buyer’s process of discovering and evaluating information about a seller’s business to confirm that acquiring the seller’s equity or assets is a sound investment. However, the process of conducting due diligence differs between transactions for a variety of reasons.