Big Law just posted its best revenue numbers in decades, powered by a 7.1% spike in billing rates and surging demand. Meanwhile, 71% of clients say they prefer flat fees, and 67% of corporate legal departments expect AI to change how they are billed. The industry is throwing a party for hourly billing at the exact moment the tools exist to replace it. That disconnect is one of the biggest opportunities in litigation right now.
This Month’s Key Takeaway: AI has made it possible, for the first time, to offer clients a reliable month-by-month flat fee for litigation that is equal to or less than what they would pay under traditional hourly billing, and the firms that move first will capture that advantage before clients start demanding it.
