News 05 Dec. 2024
Partner Dr. Alexandra G. Maier Recognized Again in Lexology Client Choice Award 2025, Mining Experts Category 2025
more
Event 23 Oct. 2024
Counsel Mohannad El Murtadi Suleiman to Speak at the 2nd Annual Africa Arbitration Day in New York
Event 18 Aug. 2023
Partner Borzu Sabahi Speaks at FDI Moot Shenzhen
News 25 Jul. 2023
Partner Eric Gilioli Ranked in Top 10 Influential Energy & Natural Resources Lawyers in Kazakhstan in Business Today
News 09 Apr. 2024
Curtis Announces New Partners and Counsels Across Offices in Spring 2024
Client Alert 28 Dec. 2023
U.S. to Impose Secondary Sanctions on Non-U.S. Banks For Financing Russia’s Defense Industry
News 28 Aug. 2024
Curtis Recognized for Excellence in Arbitration in Chambers Latin America Guide 2025
Event 22 Aug. 2023
Partner Dr. Claudia Frutos-Peterson to Speak at Arbitration and ADR Commission of the ICC Mexico
Publications 19 Dec. 2024
Curtis Partner, John Balouziyeh, Authors New Guide to Investing in the Kingdom of Saudi Arabia and the GCC
News 08 Oct. 2024
Curtis Boosts London Finance and Corporate Capability with Appointment of Partner Christopher Harrison
News 24 Aug. 2023
Curtis Attorneys Quoted in CoinDesk on FTX Founder Sam Bankman-Fried’s Strategy Ahead of His Criminal Trial
Client Alert 10 Jul. 2024
EU Adopts New Restrictive Measures Against Belarus
Client Alert 26 Jun. 2024
The EU Adopts its 14th Sanctions Package Against Russia
news
Curtis Secures Early Victory for Colombia, Highlighting Sovereign Defense Excellence
publications
News 04 Sep. 2024
Curtis was featured in Business Insider this week, highlighting that AI tools are expected to transform, but not eliminate, the billable hour model in the legal field. While AI may reduce the number of billable hours by automating routine tasks, it could increase the value of each hour a lawyer works. Business Insider spoke to Curtis attorneys, Partners Elisa Botero, Michel Paradis, and Juan Perla to ask about billable hours and the future of AI in the legal space.
"The real value that lawyers provide, whether or not that's strategic advice, whether or not it's the actual drafting of arguments, whether or not it's the arguing in court to jurors or to judges in courtrooms, or to the making of deals and negotiating terms — all those sorts of things — I think you're going to see an increasing premium on," said Partner Michel Paradis.
Mr. Paradis, who specializes in AI-related legal work, said he doesn't believe there will ever be a "complete disappearance" of the billable hour in the law profession.
"What I think you're likely to see is a slow disappearance of the filler billable hours" that a slew of law firms depend on, Mr. Paradis said.
The same way that the introduction of word processors dramatically shifted the way law firms operated in the late 20th century, Paradis said he foresees the same thing happening with AI. "AI is going to have a similar effect to the rise of information technology in the legal field," said Mr. Paradis, "and that is a consistent gobbling up of the bottom of the legal market."
Partner Juan Perla said that the firm is in the midst of developing an internal AI policy and expects to have certain AI tools integrated into the practice within months.
Partner Elisa Botero, another partner at the New York-headquartered firm, agreed, saying that the billable hour model will remain a "key metric" for at least the foreseeable future even as more law firms move to utilize AI tools to boost the efficiency of their practices.
"But what type of work will be billed out will shift and is already shifting," said Ms. Botero, explaining that more traditional, associate-type work or junior-level work will be most impacted by the use of AI.
"You'll still see billable hours, but you'll see a reduction of those billable hours for that type of routine legal work that can be automated" with AI tools, Ms. Botero said.
To read the full article, please visit Business Insider (subscription required) here.
Artificial Intelligence
Elisa Botero
Partner
Michel Paradis
Juan Perla
New York
+1 212 696 6000
client alert
Does U.S. Sanctions Law Prohibit Providing a Speech Platform to Sanctioned Persons?
The EU issues new FAQs clarifying the Best Efforts Obligation on EU Operators
We use cookies on our website to enhance your browsing experience, match your interests and assess our website performance. We do not share information with any third-party for marketing purposes. Please view our privacy policy to learn more about the use of cookies on our website. By continuing to browse our website, you consent to our use of cookies.