• Should Auld Time Billing Be Forgot (ft Adrian Parlow)

  • Jan 14 2025
  • Durée: 36 min
  • Podcast

Should Auld Time Billing Be Forgot (ft Adrian Parlow)

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  • Résumé

  • Join Horace and Damien as they return from a break to a deep dive discussion with Adrian Parlow, founder and CEO of Point One, on the significance and future of timekeeping in law firms. They explore the persistence of the billable hour, the potential shift towards flat fees, and the role of AI in automating time entries. The conversation delves into how accurate time data can transform law firm efficiency, pricing, and the overall practice, with a spotlight on standardization through systems like SALI.

    00:00 Welcome Back!

    02:00 The Future of the Billable Hour

    04:18 The Importance of Time Data

    07:54 Challenges in Timekeeping

    13:07 AI and Automation in Law Firms

    15:29 Transitioning to Flat Fee Models

    24:21 Standardizing Legal Data

    30:39 Looking Ahead: The Future of Time Keeping

    35:15 Closing Remarks
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