The billable hour has survived decades of criticism. Can it survive AI?
Baker McKenzie is moving away from hourly billing as its default.
The real problem? BigLaw's bonuses, promotions and profits are built around hours worked.
AI changes the maths. https://t.co/hOscvcUVtF
#BigLaw #LegalAI
Weil Votes Itself Out of Existence. The Restructuring Firm Becomes the Case Study. What happens to the lawyers - we check the departures, arrivals and unknowns https://t.co/nYzctQpQ7e #Law Firms #US Law
Weil Gotshal: $2bn revenue. $5.6m profit per partner. No debt.
Winding itself up anyway.
Partners who arrive for money leave for money. Every BigLaw firm boasting about its lateral hires should be very nervous.
My column: https://t.co/yniqz20kVi
#BigLaw#davidlat#lawfirms #legalmanagement #business #biglaw
$6.3 Billion Gone in 20 Minutes But The Lawyers Could Be Busy for Years - the largest heist in history sees a billion dollar legal feast coming https://t.co/jFkDUAvbfC #Featured#USLaw
Sir Terence Arnold heads to Hong Kong's top court, joining fellow Kiwi Sir William Young.
A judicial version of ageing rock stars embarking on one last world tour? 🎸⚖️
Except this venue has serious management problems.
And the reputational risks are real.
https://t.co/LhoXXb6DeU
The AI-Armed Client Sees Lawyers Rewriting Their Fee Agreements With Slop Clauses - AI slop is turning lawyers back to their retainer agreements - https://t.co/STng3iB9Kj #LawFirms#LegalAI
On October 7, @EmmanuelMacron called Israel's 🇮🇱 Prime Minister @netanyahu and urged that Israel show restraint. Netanyahu responded: “if we don't dismantle Hamas in Gaza, you"ll meet them in Paris.”