Say goodbye to the Billable Hour, thanks to AI
- 11 hours ago
- 1 min read
Is the billable hour about to become a thing of the past?
It seems inevitable, at least for lawyers and other professional-services firms, because as artificial-intelligence capabilities accelerate, the fundamental logic of charging for time spent rather than value delivered is becoming increasingly untenable.
The billable hour as the fundamental unit of business for professional services is sowidespread that it’s difficult to remember that it is a fairly recent innovation, becoming prevalent in the 1960s and 1970s.
Before that, many lawyers and other professionals billed for outcomes achieved or services rendered, not for time.
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