AI is changing how Lawyers work – and putting the billable hour under pressure
cnbc.com
cnbc.com
This feels what parallel to today's discussions around SEO too, where people will scream that "SEO is dead" and "I can do my own SEO in 5 minutes"... yes, it is true that you can run a 2020-era SEO strategy in 5 minutes. However, a proper 2026 SEO strategy will take you just as long as 2020 SEO used to take you in 2020 because the baseline/"goal posts" for SEO have shifted.
Expect the same thing to happen to lawyers; reviewing a contract is now 15 minutes worth of work instead of 3 hours; but that means that you can review this + that + the other contract + also go through a bunch of similar cases and look for loopholes - all in the span of 1 hour. This allows you to give your client better advice in the same number hours spent. Nothing actually changes in your business model (unless you're billing token costs separately; then maybe you have some extra bonus charges; but that seems like it'd be unpopular with clients, so probably wouldn't stick)