The End of the Billable Hour: AI, Value, and the New Economics of Expertise

Summary

In the first episode of 2026 for the UpLevel View podcast, Stephanie Corey and Ken Callander sit down with Rita Gunther McGrath, Columbia Business School professor and Wall Street Journal columnist, to talk about how AI is forcing professional services to price outcomes instead of hours.

From law firms to in-house legal teams, the rules of value are being rewritten. The question is: who's ready to lead the change?

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Episode Highlights

00:00:18 - Introducing Rita Gunther McGrath.

00:02:23 - Definition of strategic inflection points.

00:03:21 - Legal industry disruption with AI.

00:06:47 - Shift from billable hours to value.

00:12:26 - The economic model and compensation structure challenges.

00:23:39 - Historical change movements as a model for legal transformation.

00:32:30 - Training and learning in the AI age.