Law has a magic wand now — from jordanfurlong.substack.com by Jordan Furlong
Some people think Large Language Models will transform the practice of law. I think it’s bigger than that.
Excerpts:
ChatGPT4 can also do things that only lawyers (used to be able to) do. It can look up and summarize a court decision, analyze and apply sections of copyright law, and generate a statement of claim for breach of contract.
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What happens when you introduce a magic wand into the legal market? On the buyer side, you reduce by a staggering degree the volume of tasks that you need to pay lawyers (whether in-house or outside counsel) to perform. It won’t happen overnight: Developing, testing, revising, approving, and installing these sorts of systems in corporations will take time. But once that’s done, the beauty of LLMs like ChatGPT4 is that they are not expert systems. Anyone can use them. Anyone will.
But I can’t shake the feeling that someday, we’ll divide the history of legal services into “Before GPT4” and “After GPT4.” I think it’s that big.
From DSC:
Jordan mentions: “Some people think Large Language Models will transform the practice of law. I think it’s bigger than that.”
I agree with Jordan. It most assuredly IS bigger than that. AI will profoundly impact many industries/disciplines. The legal sector is but one of them. Education is another. People’s expectations are now changing — and the “ramification wheels” are now in motion.
I take the position that many others have as well (at least as of this point in time) that take the position that AI will supplement humans’ capabilities and activities. But those who know AI-driven apps will outcompete those who don’t know about such apps.
