The legal industry stands at a pivotal moment as artificial intelligence reshapes the economic foundations of legal practice. Few professions have remained as unchanged for as long as law, where billable hours, hierarchical leverage models, and labor-intensive processes have dominated for over a century. AI technologies are dismantling these traditional structures, creating profound economic shifts that will determine which firms thrive and which struggle to survive. The transformation extends beyond simple efficiency gains to fundamentally alter how legal services are priced, delivered, and valued.
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