AI & Law: Legal Charges By The Nanosecond

Charging for legal advice by the hour and ultimately by the nanosecond

by Dr. Lance B. Eliot

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Key briefing points about this article:

• Lawyers tend to charge for legal advice based on hourly work (or fractions thereof)
• ABA stipulations indicate that those lawyering fees are to abide by “reasonableness” factors
• The future of lawyering will encompass AI-based legal reasoning systems
• Those AI systems will run based on nanoseconds (one billionth of a second)
• How will lawyerly legal advice be charged when AI can do so on such fractions of time

Introduction

The famous line about time being money is one that equally applies to lawyers and the practice of law. One could readily assert that the bread and butter of being an attorney is the proffering of legal services and legal advice and that this is done to both serve the cause of justice and also to put food on the table, as it were.

Typically, a lawyer will charge by the hour.