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Adam Chilton
University of Chicago Law School
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From his firm survey work: 'the legal profession is already changing quite dramatically' @2:27, 'at law firms, the pressure is real from clients to try to find ways to use these tools to be more efficient' @2:47, and 'the law firms that we talked to are just trying to do more to accelerate that process' @3:45. Examples: deposition review and contract comparison 'AI can do that in seconds' @3:19.
“And many of the tasks that first, second, third year associates, new lawyers would do are exactly the kinds of things that AI models are extremely good at.”
Direct answer to 'are we entering a world in which there are going to be fewer lawyers?' His mechanism: 'AI is going to decrease the costs of many legal services. And typically what we've seen is when the cost for something goes down, demand goes up' @6:49.
“So I think it's going to change the kinds of legal work that people do. But I'm not convinced that they'll necessarily be fewer lawyers.”
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