UK and Irish law firms are reconsidering hourly billing as AI takes on routine work
CNBC, citing Clio's survey of legal professionals, says about one in five firms with widespread AI use struggle to meet billable-hour targets. In CNBC's interviews, lawyers and legal-tech executives said faster drafting also changes how junior lawyers learn to review documents and develop judgment.
ThereforeFirms may need to change both how they price routine work and how they train new lawyers.