Many predicted that technology would bring the downfall of the billable hour, yet the payment model has showed continued strength throughout 2016. But while the billable hour has kept a pretty tight hold on the legal industry, alternative fee agreements (AFAs) have grown substantially in the last few years.
Now, startups are finding ways to help clients cut time spent on delivering legal services and move closer toward flat fee structures. Here are three types of legal technology startups pushing traditional law firms to think twice about their commitment to the billable hour.
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