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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

This may be true but at the end of the day, AI cannot analyze and synthesize information the way a lawyer can. It is just looking at things depending on what you feed into it.  [/quote]

Give it a couple of years.  It will start with lower-level (but certainly billable) tasks and grow from there.  [/quote]

Lawyers will be happy that AI can do the grunt work, so they can start earlier on the more interesting stuff. It won't mean we need fewer lawyers, but more paralegals probably.[/quote]

Not sure you are coming to the correct conclusions...law firms will need fewer paralegals AND fewer associates.  More in-house counsel will also be expected to do more of the work vs. using 3rd party counsel.

Look, many white-collar jobs are at risk.  The NY Times just ran an article about how investment banks expect to dramatically reduce their analyst hiring within 5 years through Generative AI.

Boston Consulting Group says their consultants are 50% - 100% more productive and there is a huge internal debate happening...with some partners arguing they should hire 50% fewer junior consultants and others trying to argue that they should look to take on more business.  The problem for junior people is that the former (hiring fewer) is way easier to get your arms around vs. the latter (finding new business).

Nearly every professional services industry with highly paid people at the top...care very much how to make those people even more highly paid.

The first rung of many high-paying professions is very much at risk.  It is an exciting (and kind of scary) time to be in college.[/quote]

Accounting is the same way.

The one class of people who should be safe is anyone in a creative field -- writers, etc. Because for as much as GenAI can mimic, it actually sucks at doing creative things. Maybe that'll change, but I doubt it. Everytime I try to get it to do anything remotely creative, the output is superficial, formulaic and sometimes it hallucinates.[/quote]

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