VC wonders how law firms charging $10k/hour go bankrupt as AI automates the work
TurnerNovak · x · 2026-10-28
Investor Turner Novak quotes a report that law firm Weil is discussing a wind-down, and asks a pointed question: firms literally sit at computers charging $1-10k per hour for work AI is now automating — how does that not print money?
The question highlights a structural issue in the legal industry: high billing rates don't guarantee profit, and AI automation of traditional legal work may be exposing how fragile the business model really is.
Related event: Law Firms Billing $10,000 an Hour Still Face Collapse in AI Era(2 posts)→
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