Generative artificial intelligence is revolutionizing industries across many sectors, and the legal world is no different. The AI boom has reignited the long-running debate over the potential death of ...

While less than 5% of the firm's annual revenue comes from arrangements in which the client agrees to a set price for 12 months of legal services, that figure is growing, according to managing partner ...

For decades, the billable hour has been the legal profession's sacred cow—a billing model so entrenched that many lawyers can't imagine practicing without it. But as artificial intelligence transforms ...

A business model built on a boatload of billable hours won't always be in fashion. Technology has already altered traditional pricing models in pockets of the legal industry, such as insurance defense ...

Rita Gunther McGrath (@rgmcgrath) is an academic director in executive education at Columbia Business School and author of “Seeing Around Corners: How to Spot Inflection Points in Business Before They ...

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First-years at Ropes & Gray can now spend a fifth of their required billable hours exploring AI Plaintiffs' firm wins lead counsel bid after fight over press releases Objectors miss chance to ...