Performance and Price in Law

For all the “integration of transformational technology,” law firms are yet to show any meaningful improvement on a price-performance basis. Why?

The bottleneck is not the technology. The bottleneck is the incentive structure in which lawyers work.

Lawyers are paid for their time, often between $600–$1,200 per hour. Even if they could, why would any human beings in their right minds dramatically reduce such highly compensated hours in a hunt for efficiency gains? They wouldn’t.

The truth is that already today high-caliber legal services could be delivered for substantially lower prices. We have machine superintelligence in our pockets after all—and with it all the commodity intellectual labor one could ever need.

Yes, lawyers do need to exercise judgment, and meet the professional duties of competence, diligence, and confidentiality.

But now we can do it on a far superior cost structure—if we are brave enough to change the ways we organize and how we are compensated.

Bionic Law offers a bold solution at one link of the value chain: providing complex litigation work-product per item on competitive flat fees, with fast turnaround times, and alongside a service-satisfaction refund policy.

Because that’s how you incentivize a lawyer to do a great job, and to do it efficiently.