Sophisticated clients will know this.
]]>Example:
(Actual attorney doing legal work)
Monday – Matter 1, Legal research 3 billable hours, write brief 6 billable hours, admin work 1 hour. Total 9 billable hours in a 10 hour day.
(AI doing legal work)
Monday – Matter 1, AI Legal research .2 billable hours, AI write brief .2 billable hours, attorney review and correct brief 2.6 billable hours.
Matter 2 AI Legal research .2 billable hours, AI write brief .2 billable hours, attorney review and correct brief 2.6 billable hours.
Matter 3 AI Legal research .2 billable hours, AI write brief .2 billable hours, attorney review and correct brief 2.6 billable hours. Attorney doing 1 hour admin work. Total 9 billable hours in a 10 hour day.
There is no one to increase billable hours without lying to the client.
Using AI for “admin work”? Do you need legal AI for admin work?
So the only thing I see with AI is you need more cases. Now if your firm is turning away cases because they don’t have the hours in a day to do them, maybe AI can help them service more clients – BUT the amount of billable hours is the same, unless they lie.
Where Legal AI may increase profits is if the firm works on contingent fees….
How does that make any sense when legal AI is primarily designed to assist with chargeable tasks? @name is correct, it makes you able to get more tasks done but you’d still be billing the same hours only with more admin in between that your fancy doc review AI can’t help you with.
]]>Do you think clients bills have gone down?
]]>how about competition?
]]>It was the best of times, it was the worst of times.
]]>I agree with “name @ 10:44 am’ that it is hard to see how AI can increase chargeable output, absent misrepresentation.
There is an opportunity for solicitors to take on more work that would otherwise have been outsourced to Counsel; legal research has never been more accessible.
The next wave will be interesting; law firms building AI into their operating model rather than dabbling around the edges.
]]>I used to do 7 chargeable hours a day and 3 non-chargeable hours a day. If I use AI to get my 3 hours non-chargeable work done in 30 minutes, I might spent some of the extra 2 and a half hours billing…
]]>Also, it’s not a surprise that the Lexis has put at the bottom of the article a form to get a quote for Lexis+ AI.
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