billable hour
Coverage of billable hour in the Nexus archive.
- AI will identify BigLaw’s rainmakers faster — and weed out the rest
AI is expected to accelerate the identification of future legal rainmakers in BigLaw by focusing on strategic and business-building skills rather than execution. Cooley's CEO, Rachel Proffitt, highlights that AI will enable earlier talent sorting, promoting those with high EQ, tech, and networking skills while reducing reliance on traditional lockstep advancement. The firm is developing an AI-powered portal for routine legal tasks.
- Cooley CEO: Big Law won’t survive if it treats AI as just an efficiency tool
Cooley CEO argues that Big Law firms cannot survive by viewing AI solely as an efficiency tool. The legal industry faces disruption as AI challenges traditional models like the billable hour, requiring firms to prioritize client outcomes and value-based pricing over time-based billing.