The term “billable hour,” a unit of time used in the legal industry, is common in popular culture but can be misunderstood. What goes into a billable hour is more than 60 minutes of time ...

For many businesses, tracking employee time is essential, but knowing how to categorize that time makes a real difference in profitability. Basically, every hour an employee spends on a task can fall ...

Several attorneys said that as AI tools are used at firms to automate routine and time-consuming grunt work tasks like document review and due diligence, the number of billable hours to a client ...

New York district judge found idea abstract, not patent eligible Federal Circuit affirms ruling just days after oral argument ...

“Today, it can save hours of time spent on basic administrative work and ... revealed that the time savings from AI could translate into $100,000 in new, billable time per US lawyer each year,” he ...

“Ultimately, the billable hour will remain, but in a more selective capacity,” Lenon continued. Clio’s research over 7,000,000 time entries found that 74% of billable legal work activities ...

AI could slash hours devoted to contract reviews and due diligence, but if that time isn't billable, where's the advantage? Lawyers and time are like clients and expectations—both demand careful ...

The billable hour model has proven resilient for decades ... many AI experts and lawyers believe that the trade of time for money will remain prevalent in the industry. "The reality is that ...