Billable Hour
topic on 4 shows · 4 statements across 4 episodes
No Priors 
Sourcery 
Big Technology 
20VC
4 statements about Billable Hour, every show
Pereyra: The billable hour enables standardized pricing of complex work at scale
“And I think something people don't appreciate about the billable hour and why it's such a good mechanism is, It lets you price incredibly complex work at massive scale in a way that the entire industry can agree on, right?”
Junestrand: Billable hours will persist because clients demand itemized breakdowns
“I think billing will move much slower than both you and I would think because some very often it's actually demanded by the clients because they want to get a breakdown of everything that the lawyers actually do. And it will start to be replaced by fixed fees …”
Lawyer Billable Rates Will Rise Rather Than Disappear Due to AI
“I think we will see the billable hour increase, as opposed to completely disappear. Okay. I think lawyers are going to charge higher and higher premiums for their eyeballs on work and their Mind share. And they're going to switch other services to flat fee bil…”
Weinberg: Automated legal tasks will shift to fixed-fee pricing
“I don't think the billable hour is going to just completely disappear. I think what is going to happen is a lot of these tasks that are going to get, you know, AI can automate a lot of that task with a lawyer in the loop. Those tasks will end up being kind of …”