Definition
Billable hour
The legacy law pricing model Logan is trying to retire.
From the episode “AI Law Firm: The Logan Brown Playbook”Hear it on the podcast1 episode
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Related terms in Finance & Markets
Automated market maker (AMM)A decentralized-finance mechanism that creates liquidity by pooling assets and matching trades algorithmically rather than through a traditional order book.Backdoor consentGrobler's term for permission harvested through platform terms of service that users accepted without understanding the likeness implications.Bank ReconciliationThe accounting process of matching bank records to internal books — an early target for AI replacement.Big FourThe four largest accounting firms: PwC, EY, Deloitte, KPMG.Broker-dealerA regulated entity licensed to transact securities on behalf of clients. Fairmint is working to add this registration.CAGRCompound annual growth rate; lithium demand grew roughly 30% annually over the past decade per Jeremy.Cash componentBase salary plus signing bonus plus any guaranteed cash. Equity and discretionary bonus are excluded. This is the number Zero Hiring's 6% is calculated against.Cash reconciliationMatching incoming bank payments to the specific invoices they pay off.