Source: Complete AI Training

Complete AI Training reports on the transformative impact of generative AI on legal billing practices in the United States. A recent survey of nearly 300 legal professionals highlights growing interest in AI’s potential to reshape traditional hourly billing models. AI technologies, particularly generative AI, are increasingly used for tasks such as document review and contract analysis, accelerating workflows and enabling new pricing strategies. Clients now demand greater transparency and value, prompting law firms to explore alternatives like fixed fees, subscription plans, and value-based pricing to offer predictable costs and measurable outcomes.

Firms adopting AI-driven billing methods are expected to gain a competitive advantage by better meeting evolving client expectations. The article emphasizes that the integration of AI into billing is a pivotal moment for the legal sector, urging legal professionals to acquire AI skills through specialized training programs to stay relevant and competitive.