✉news BusinessStartups first seen 16 h ago, last 1 h ago, peak #1
Law Firm Startup Falcon Raises Funds to End Billable Hour
Original: Law Firm Startup Falcon Raises Money To ‘Bury the Billable Hour’
Law firm startup Falcon has raised new funding as it works to replace the billable hour, the traditional way law firms charge clients by time spent. The company says its model aims to make legal pricing more predictable and transparent, and the fundraising puts it among a growing group of startups trying to reform how legal services are billed.
Why now: The billable hour is a long-contested practice in the legal industry, so a funded startup promising to replace it draws attention from lawyers and legal-tech watchers.
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