In the past year, the law profession has seen a major change in law firm practice, a shift from hourly billing that had become a major part of the legal fee process somewhere around the year 2000.
How AI Is Causing Major Changes In Law Firm Billing
We have reached a point where AI processing software has become effective enough to nearly replace the need for initial lawyer or paralegal reviews of deposition, preliminary hearing or trial transcripts. But while AI can quickly provide initial summaries of such documents, producing a legal evaluation of those summaries is another story.
By
Peter Vaira
This premium content is locked for Accounting and Financial Planning for Law Firms subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN Accounting and Financial Planning for Law Firms
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact Customer Service at [email protected] or call 1-877-256-2473.
