The clock is ticking on law's billable hour, says a top Cleary Gottlieb lawyer

Michael Gerstenzang Cosmonauts The times are a-changin' for elite corporate law firms, under pressure to adopt new tech. Michael Gerstenzang, senior partner at Cleary Gottlieb, says firms must evolve their business model. He's seen firms adapt before. He once drove his firm to intentionally cannibalize its own business. The billable hour has long powered Big Law's profits. Now, one law firm leader says artificial intelligence is putting that model under pressure. Law firms are spending heav...