What AI Is Already Doing to the Legal Industry
A shakeup is here for the business of law.
Photographer: Boonchai Wedmakawand/Moment/Getty Images
Listen to Odd Lots on Apple Podcasts
Listen to Odd Lots on Spotify
Subscribe to the newsletter
If there's one thing that lawyers do a lot of, it's spending a prodigious number of hours going through documents. And they're often very well compensated for this work. So if there's one area where AI can obviously be highly disruptive, it's law. Documents that used to take hours to scan or format might be dealt with instantly. Finding relevant prior case law is becoming much faster, thanks to today's most advanced models. On this episode, we speak with Joel Wertheimer of Wertheimer Fleder LLP, a civil rights law firm in New York. We discuss the actual economics of being a lawyer, how it's changing, the effect that the technology will have on the distribution of income going forward, and what the entire profession could look like years into the future.