ARTICLE
3 October 2023

Will AI "Kill" The Billable Hour?

FL
Foley & Lardner
Contributor
Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
Artificial intelligence (AI) is rapidly transforming many industries, and the legal profession is no exception.
United States Technology
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Artificial intelligence (AI) is rapidly transforming many industries, and the legal profession is no exception. AI-powered tools are already being used to automate tasks such as document review, legal research, and contract drafting. However, it is unlikely that AI will completely replace the billable hour in the near future. Here are a few reasons why:

1. AI cannot provide the same level of personalized service as a human lawyer.

Clients often seek legal services because they need help with complex and personal matters. They want to work with a lawyer who understands their situation and can provide them with tailored advice. AI tools are not yet able to provide this level of personalized service.

2. AI cannot understand the nuances of the law and the legal system in the same way that a human lawyer can.

The law is complex and constantly evolving. AI tools are still under development, and they may not be able to keep up with the latest changes in the law. Additionally, AI tools may not be able to understand the nuances of the legal system and how it works in practice.

3. AI cannot build relationships with clients in the same way that a human lawyer can.

Trust is essential in the lawyer-client relationship. Clients need to feel confident that their lawyer is acting in their best interests. AI tools are not yet able to build this level of trust with clients.

4. AI cannot provide the same level of creativity and innovation as a human lawyer.

Lawyers need to be creative and innovative in order to develop and implement effective legal strategies. AI tools are not yet able to match the level of creativity and innovation of human lawyers.

5. AI cannot provide the same level of ethical judgment as a human lawyer.

Lawyers have a responsibility to uphold the ethical standards of the profession. AI tools are not yet able to make ethical judgments in the same way that human lawyers can.

Despite these limitations, AI is poised to have a significant impact on the legal profession. AI-powered tools can help lawyers to be more efficient and productive. They can also help lawyers to provide clients with better value for money. However, it is unlikely that AI will completely replace the billable hour in the near future.

Eventually, AI will allow lawyers to focus on the tasks that they do best, such as providing clients with strategic advice and building relationships.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
3 October 2023

Will AI "Kill" The Billable Hour?

United States Technology
Contributor
Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
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