Are we going to pretend $750/hour law firms are going to be business as usual in the AI age?
I just used Grok Deep Research to draft a simple contract. Took 15 minutes. Would have cost $2,000 with a lawyer.
When I sent it to my attorney to review, his response was "looks good" 2 days later.
I had already sent the contract lol. It was signed by the client. Thanks Mr. Attorney.
Lawyers and accountants keep insisting that AI is just a toy and real work requires human judgment. Meanwhile, their billable hours model is silently imploding.
I've watched this pattern play out before. First comes denial. Then "it only works for simple stuff." Then "it can't handle nuance." Finally, massive restructuring.
Law firms won't disappear, but the pyramid of junior associates doing document review and contract drafting is evaporating overnight. What nobody's talking about is how the next generation will learn when the entry-level jobs that have always been the training ground are precisely what AI does best.
I wouldn't be surprised if the biggest shock to law firms comes when their own clients start bringing AI-drafted documents to meetings and just asking for quick reviews.
The real change won't be dramatic - it'll be the slow realization that clients are paying for 1 hour of work instead of 10, while still getting the same outcome.
It'll be death by a thousand cuts as more routine legal work gets handled by in-house teams with AI assistance.
We're watching the complete reinvention of professional services happen in real-time, and pretending nothing will change.
Something to think about on the weekend. An important thread on monetary debasement...
You hear me talk about MOAR COWBELL a lot. This is the meme of monetary and fiscal stimulus that has become a default setting for our world...
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$2500 giveaway.
5 winners $500 each
Like RT & must be following
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