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Artificial Intelligence Closes In On the Work of Junior Lawyers (ft.com)
An anonymous reader shares a Financial Times article: After more than five years at a leading City law firm, Daniel van Binsbergen quit his job as a solicitor to found Lexoo, a digital start-up for legal services in the fledgling "lawtech" sector. Mr Van Binsbergen says he is one of many. "The number of lawyers who have been leaving to go to start-ups has skyrocketed compared to 15 years ago," he estimates. Many are abandoning traditional firms to pursue entrepreneurial opportunities or join in-house teams, as the once-unthinkable idea of routine corporate legal work as an automated task becomes reality (Editor's note: the link could be paywalled; alternative source). Law firms, which tend to be owned by partners, have been slow to adopt technology. Their traditional and profitable model involves many low-paid legal staff doing most of the routine work, while a handful of equity partners earn about 1m pound ($1.30m) a year. But since the 2008 financial crisis, their business model has come under pressure as companies cut spending on legal services, and technology replicated the repetitive tasks that lower-level lawyers at the start of their careers had worked on in the past. [...] "We get AI to do a bunch of things cheaply, efficiently and accurately -- which is most important," says Wendy Miller, partner and co-head of real estate disputes at BLP. "It leaves lawyers to do the interesting stuff."
They said they might replace lawyers, not intelligent life.
Jr. Lawyers. But that's good enough, many pesticides kill creatures in their larval forms.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
Q: Why does New Jersey have all the toxic waste dumps and California have all the lawyers?
A: Because New Jersey had first pick.
AI is going to get rid of lawyers? I suddenly feel far more welcoming and accepting of this AI takeover.