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Law firms face client pressure to cut fees as AI boosts efficiency
New York Times Business reports that AI is increasing efficiency in law firms at a time when clients are pushing to move beyond the traditional billable hour billing model.
The outlet says the shift is creating growing pressure for fee reductions, with some clients asking for discounts tied to AI-driven productivity.
NYT Business reports that major law firms are not yet ready to fully dismantle their long standing billing model, despite the increased scrutiny from clients.
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