Hourly billing very rare in tax prep
Firms that rely on the old-fashioned billable hour are in the minority compared to fixed fee, value pricing and other models.
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Firms that rely on the old-fashioned billable hour are in the minority compared to fixed fee, value pricing and other models.
The billable hour was always just a stand-in for something harder to measure. AI has finally made that obvious.
These are some pretty busy associates. The post The Biglaw Associates Billing The Most appeared first on Above the Law.
The category of work clients are unwilling to pay for is expanding. What billing guidelines started, AI expectations will accelerate. Firms that haven't addressed the coordination...
Join US for a candid webcast on modern legal pricing, value-based billing, AFAs, and why accurate effort data is key to delivering transparency and client value
Even amid an explosion of legal technology and artificial intelligence designed to make legal work more efficient, small firms are billing more hours per month on average, and the...
The next chapter of law will favour those who can preserve judgment, absorb technology and demonstrate that legal is not merely a brake, but sometimes a steering mechanism. The in-...
The Spirit Airlines Chapter 11 case keeps delivering. At least for Davis Polk. The post Two Years Out Of Law School And Billing $1,410/Hr. Sure, Why Not. appeared first on Above th...
Question: We have a nonexempt employee who has been working from home. Do we need to pay her for time to commute to the office? She’s been asked to drop off some files during her...
Private-equity firms are not so sure that BigLaw's business model of charging clients by the hour and relying on annual billing rate increases to drive revenue is durable given the...
Представьте, вы работаете с почасовой оплатой. Как бы вы ответили на эти вопросы?Вам пришла в голову идея, которая может улучшить финансовое состояние компании. Она пришла из ниотк...
8am releases its SMB Law Financial Health Report and the impact of AI shines between the lines. The post Small Law Firms Billing More Hours Per Case — The Opposite Of What AI Promi...
If a firm wants you to do it, they'll give you bonus credit for it. The post Quinn Emanuel Gives Pro Bono Its Own Bonus Credit appeared first on Above the Law.
The law firm operational intelligence platform Billables AI secured a $10 million Series A funding round Tuesday, with plans to deploy the capital to enhance its artificial intelli...
The AI-powered timekeeping company plans to devote a significant share of the funds to research and development as it looks to grow further beyond time tracking.
Both billing for hours saved using artificial intelligence and preserving billable time by not adopting AI may violate rules of professional conduct, but until bar associations' et...
The shift to remote and hybrid work arrangements has fundamentally changed how employers manage (and potentially mismanage) wage-and-hour compliance. While flexible work models off...
Legal AI startup Legora is moving to consumption-based pricing for its new Agent Pro product, reflecting a broader industry shift from flat subscriptions to usage-based billing.
The new timekeeping system is 'similar' to the old one — just not similar enough, apparently. The post The Downside Of A Biglaw Merger: Legacy Cadwalader Timekeepers Get A Not-So-F...
For Legal Operations professionals, the question is no longer whether AI will change the billable hour model, but whether your department is ready to manage that change. The post T...
«Напишем сами, там простая логика», — так говорит каждая вторая команда из тех, с кем мы работаем. Простая логика оказывается льготными периодами, пересчётами при смене тарифа и ра...
Mark Maurer / Wall Street Journal: AI is forcing consulting firms to shift from hourly billing to fixed-fee or outcome-based pricing, a transition proving slow and difficult for th...
A new report from Field Promax indicates that about three hours per day of a technician’s paid time aren’t being optimized.
Joe Skalski Explains Why AI Won’t Wipe Out the Billable HourEverlaw’s value engineering lead discusses the impact of AI on law firm profits by Petra Pasternak...
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