When the unstoppable force of AI meets the immovable object of the billable hour... The OpenAIs and Anthropics of this world are moving away from all you can eat subscription pricing to subscription + token usage, or just straight up token pricing - and this emerging pricing model is now far more compatible with traditional hourly rate billing Yes - fixed fees and value based pricing better etc etc. My observation here is a practical, rather than ideological, one But the path

Something I'm finding increasingly baffling with AI - why are all the law firms parroting 'efficiency' as the primary benefit? [law firm] announces major partnership and rollout of [product] following successful pilot with [x] hours saved per week Where are the improvements to quality or scope? Where are the improvements to speed or turnaround times? To only publicly talk about efficiency is to immediately beg the question on fees - and increasingly I see clients asking for d

Today, on "this time it might just be different"... Increasingly it seems to me that there is a particular type of practice that is particularly exposed to AI in the short to medium term It's not the consumer, or the SME business owner having a go with ChatGPT - I don't think many of those folks were paying clients in the first place (and I suspect they're creating more legal work in the long run!) Rather it is the larger corporate buyer that has historically bought in modera