Generative AI will introduce unprecedented efficiency to the production of countless legal documents and processes. Fee earners currently perform this work, spending and billing hours or parts of hours to accomplish each task. This model provides on-the-job training for inexperienced lawyers and leverages those hours to generate profits for Law Firms.
LLMs with their ability to perform the same work as effectively as lawyers today pose a serious problem for law firms’ business models and talent development practices, not to mention a real challenge to lawyer education and training and potentially a revolution in access to justice.
Whether lawyers and law firms can avoid this fate might come down to one thing: whether lawyers can approach AI’s extraordinary and unprecedented challenges with a fixed mindset or a growth mindset.
Source: Jordan Furlong
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