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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 105
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Legal Ethics Roundup: Ford Sues Lawyer Billing 57-Hour Day, ‘Biglaw 3, Trump 0,’ ABA & Fed Soc Out on Judges & More

Above The Law

Attorney General Pam Bondi in a letter to ABA President William Bray said that for decades the nation’s largest voluntary association of lawyers had enjoyed special access to judicial nominees. From the Chicago Tribune : State legislators who are also lawyers in Illinois are getting a new perk, courtesy of the state Supreme Court.

Lawyers 75
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Legal Ethics Roundup: TEDLaw Launch, Beautiful Bill Impact, Trump Appeals EO Loss, Fed Judge = Public Official Defamation, Judge Salas – Rule of Law & More

Above The Law

I submitted comments in response to the Supreme Court of Texas’s order requesting input about whether to maintain ABA accreditation for Texas law schools or pursue alternatives. Those conferences helped infuse technology, innovation, and entrepreneurship into law school programs across the country. Two headlines for #3.

Legal 108
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The Right (And Wrong) Way to Use AI as a Lawyer

ALPS

Many are by now aware of the fact that AI tools such as ChatGPT have been able to pass exams from prestigious law schools and business schools. The chatbot tool was able to pass four exams at the law school of the University of Minnesota and one exam at the Wharton School of Business at the University of Pennsylvania.

Lawyers 98
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The 2023 Fastcase 50 Announced, Honoring Legal’s Innovators, Visionaries and Leaders

LawSites

I say “fortunately” because, as I wrote when last year’s list was announced, the Fastcase 50 is probably the best-available roster of those who are leading the charge on innovation in law. This year’s list of honorees reflects a year of transformation for legal services.

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The Impact of AI for Lawyers: Benefits and Challenges

MyCase

Understanding AI for Lawyers Legal AI aims to enhance and streamline various law firm processes, providing lawyers with tools to navigate daily operations more efficiently. Ultimately, legal AI uses algorithms and machine learning to automate tasks that were historically time-consuming or labor-intensive.

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Voting Is Open! Pick the 15 Finalists to Compete At Startup Alley at ABA TECHSHOW 2024 in February

LawSites

The substantial amount of time lawyers spend drafting documents during litigation. It also improves access to justice for society as lawyers can handle more cases, as well as remove some bias from the legal system through fact-first drafting. What problem do you solve? Plan for growth: Declined to publicly disclose.