Summary
Artificial intelligence is transforming professional services by challenging the traditional billable-hour model. Attorney Aaron Shechet created Veilgrid, an AI platform that helps lawyers, accountants, and consultants automate routine work such as contract drafting, document review, and research, cutting costs and saving clients significant time. As AI improves efficiency, experts expect firms to shift toward flat fees, subscriptions, or value-based pricing instead of charging for hours worked. Human expertise will remain essential for oversight, judgment, and complex decisions, but clients will increasingly demand transparency about AI use. Businesses that embrace AI-driven efficiency are likely to gain a competitive edge while delivering better value.
Kiplinger
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