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Law Firms Urged to Drop the Billable Hour as AI Disrupts Practice

Original: Firms Should Shed the Billable Hour Soon to Weather the AI Storm

A Bloomberg Law commentary argues that law firms should move away from the billable hour before artificial intelligence reshapes the economics of legal work. If AI can draft documents and research far faster than junior lawyers, hourly billing may collapse as a business model, and firms that fail to adapt could lose out.

Why now: AI is raising urgent questions about how legal services will be priced and whether traditional billing models can survive.

Bloomberg Lawlaw firmsartificial intelligence

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