There is little debate at this point that generative AI is saving law firms time. The question now becomes: Who will save money?
Firms closely guard their billing formulas, which have long-been a sensitive topic for attorneys and their clients. Lawyers at firms large and small increasingly are grappling with how to factor in AI costs and savings.
“In hourly matters, we bill for the hours we actually worked, not what it might have taken without AI. If AI saves time, that savings passes to the client,” Norton Rose Fulbright officials Gina Shishima and Christy Bentz said via email. “Clients …