Core Billable Value Proposition Collapse
#1The paralegal profession's economic rationale has always been arbitrage: delivering attorney-quality research, drafting, and analysis at a lower hourly rate. AI destroys this arbitrage by performing the same tasks at near-zero marginal cost β a single attorney with CoCounsel or Harvey can now produce outputs that previously required a team of paralegals. Thomson Reuters' 2024 Legal Industry Report found that tasks consuming 60β70% of paralegal billable hours are now addressable by purpose-built legal AI, and the cost per task has dropped by 80β95% compared to paralegal hourly rates.