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Story summary
- Michael Gerstenzang, former managing partner of Cleary Gottlieb, predicts artificial intelligence will disrupt the traditional billable hour model.
- As clients demand faster, cheaper legal services, firms invest in technology to streamline routine tasks.
- Gerstenzang notes this shift could let smaller, tech-savvy firms compete with larger firms that rely on extensive staffing.
- ClearyX offers services at half the cost of traditional associates, and Gerstenzang says technology will enhance the quality of legal work and help smaller firms thrive.
