2024-05-13: Of Legal AI
Generative AI is poised to disrupt the legal profession. Will lawyers become obsolete?
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Here’s today at a glance:
⚖️ Of Legal AI
Long discussion with a senior partner at a major Bay Area law firm:
Takeaways
A) They expect legal AI to decimate the profession
Law firms charge by the hour, and generative AI specifically cuts time for many many tasks
B) Unimpressed by most specific legal AI offerings
ChatGPT with some prompting is still superior than specific tools
C) Generative AI error rates are acceptable even at 10–20%
“ 😂 you should see how dumb associates are, the partners have to correct everything anyway and don’t trust associates fully.”
D) The future of corporate law is in-house
They felt lots of work will transition to in-house counsel. No need to hire external firms that charge by the hour when twenty minutes with ChatGPT can get you decent results
would personally recommend moving in-house
E) The future of law in general?
