Broadly hated by attorneys and purchasers alike, the billable hour has nonetheless confirmed to be extra resilient than cockroaches, Twinkies and people nonbiodegradable containers that you simply used to get fast-food eating places.
It looks like each time that there’s a serious disruption or occasion that threatens to upend the authorized trade, it spells doom for the billable hour. However that might be extra out of hope than the rest. The billable hour survived the Nice Recession and the COVID-19 pandemic, regardless of many individuals pondering—or possibly wishing—that it wouldn’t.
However with the arrival of generative synthetic intelligence instruments that may carry out duties in minutes however would possibly take attorneys or authorized professionals hours, might we lastly see the tip of the billable hour?
On this episode of the Authorized Rebels Podcast, Reid Trautz, a senior director of the Observe and Professionalism Heart on the American Immigration Attorneys Affiliation, talks to the ABA Journal’s Victor Li in regards to the factor that so many attorneys and purchasers like to hate however can’t appear to give up. They talk about the billable hour and the way AI would possibly—or won’t—have an effect on it.
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In This Podcast:
Reid Trautz
Reid Trautz is a senior director of the Observe and Professionalism Heart on the American Immigration Attorneys Affiliation, the place he advises attorneys on how you can enhance their companies and innovate the supply of authorized companies to their purchasers. Trautz is an elected fellow of the School of Legislation Observe Administration and is a Fastcase 50 honoree, which acknowledges innovators in authorized expertise. Trautz co-authors the Future Proofing column for ABA’s Legislation Observe journal and at the moment serves as chair of the Virginia State Bar’s Expertise and the Future Observe of Legislation Committee.