The term “billable hour,” a unit of time used ... If attorneys bill clients for time, they may choose to bill in increments of an hour. While some may charge by either the quarter hour ...

Generative artificial intelligence is revolutionizing industries across many sectors, and the legal world is no different. The AI boom has reignited the long-running debate over the potential ...

Steptoe will offer three tracks for its associates with separate billable hour budgets, starting at 1,800 and going up to 2,200 hours. Associates at the firm will also have an option for a reduced ...

For the past several years, associates have been working an average of about 135 billable hours a month, according to Thomson Reuters data, compared with about 120 billable hours for equity partners.

The legal world has debated the demise of the billable hour for years, with generative artificial intelligence merely the latest rationale offered for its extinction. The traditional billing model ...

In a webinar analyzing the results, lawyers agreed on the transformative impact of generative AI, but differed on what it might mean for the billable hour. The study, Generative AI in Legal 2024 ...

The AI boom has reignited the long-running debate over the potential death of billable hour — the standard method of payment in the legal profession. And though AI-powered tools are expected to ...