Discussion about this post

User's avatar
Melissa Lyon's avatar

I am a co - owner (non practising) of a law firm based in Australia that has focused on value rather than the billable hour for over 10 years. I could not agree more with what you say Jordan. Our experience shows that what some may refer to as 'non billable time' does actually equate to value that clients are happy to pay for. It's all about the outputs and the outcomes and they can include the way you deliver the services and the use of technology. Understanding the value you bring will be critical to those navigating the changes that Gen AI will inevitably bring to the legal ecosystem. I believe that we are at a critical point in the evolution of legal services, one that will hopefully see them much broader and holistic than we have in the past and with the increased use of multi-disciplinary teams.... so many benefits for clients, firms and their teams.

Expand full comment
Jon Van Loo's avatar

Interesting take! I wonder if the most immediate impact of Gen AI will be an increase in the billable hour rates for the lawyers who are most adept at using AI? That seems like a logical consequence. If so, I would expect practice groups and ultimately firms to be formed more around their use of technology.

Expand full comment
4 more comments...

No posts