Legal & Policy

New Age And Traditional Law Firms: The Need To Take A Long View

alinemati1983-6987Apr 24

29 sec read71 views0 listens

New age law firms, leveraging AI and remote work, challenge traditional models by reducing costs and shifting from billable hours to value-based billing. This shift benefits clients with lower fees and more predictability but raises concerns about the long-term sustainability due to a lack of young lawyer development. For new age firms to thrive, they must invest in training younger lawyers and ensure a pipeline for future expertise and leadership.

Read the full article at Above the Law

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