Technology,
Law Practice
Feb. 19, 2021
Legal advice by the hour— or by the nanosecond
Attorneys usually charge for their legal advisory services on an hourly basis, including charging at some minimum unit of time such as for every six minutes consumed. In the future, via AI-based legal reasoning systems, the question arises as to how the rendering of computationally generated legal advice will be “reasonably” charged, noting that computing operates at speeds of one billionth of a second (or faster).
Lance Eliot
Chief AI Scientist
Techbrium Inc.
Dr. Lance B. Eliot is a Stanford Fellow and a world-renowned expert on Artificial Intelligence (AI) and the Law with over 6.8+ million amassed views of his AI columns. As a seasoned executive and high-tech entrepreneur, he combines practical industry experience with deep academic research and serves as a Stanford Fellow at Stanford University.
For most lawyers, time is money.
The bread and butter of being an attorney is the proffering of legal services and legal advice. This is done to serve the cause of justice and also to put food on the table, as it were.
As we all know, typically, a lawyer will charge by the hour. This can be arranged to occur in fractions of an hour, such as some law offices that charge on a basis of one-tenth an hou...
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