Why This AI Law Firm Is Ditching The Billable Hour
📰 Forbes Innovation
Crosby, an AI law firm, is ditching the billable hour and instead billing by the page for contract review services
Action Steps
- Implement AI agents to assist in contract review
- Develop a billing system based on the number of pages reviewed
- Train lawyers to work alongside AI agents
- Monitor and adjust the billing model as needed
Who Needs to Know This
Law firms and legal departments can benefit from this approach as it increases efficiency and transparency, and lawyers, AI engineers, and product managers can collaborate to implement similar models
Key Insight
💡 AI can increase efficiency in legal services, enabling new billing models
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💡 AI law firm Crosby ditches billable hour for page-based billing, increasing efficiency and transparency
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