That’s the question that Nancy B. Rapoport and Joseph R. Tiano, Jr., discussed in Fighting the Hypothetical: Why Law Firms Should Rethink the Billable Hour in the Generative AI Era.
This article provides a deep analysis, summarized in the abstract (with added blank lines to enhance readability):
As the legal profession continues to grasp the contours of how generative artificial intelligence (GenAI) will change the practice of law, it is already well-versed in many of the ethics issues involved in using GenAI to assist in legal work.
It is significantly less well-versed in the financial effect of GenAI on
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