One of Shakespeare’s most famous quotes was, “First thing we do is kill all of the lawyers.” I do not have that level of animosity toward the legal profession but, as I now understand it, what lawyers have to fear most is AI. CNBCs Andrew Ross Sorkin related a story of how when working on a contract he asked AI to summarize it for him and highlight points in it that he should be concerned over. He said that it did a great job and made revisions that Sorkin then requested. He used the document then without ever consulting a lawyer. Chase bank CEO Jamie Dimon said that the bank saved over $2 bln last year by using AI mostly on contracts. There are a whole lot of things that lawyers now do that AI can replace them for. Someone thinking about going to law school should consider this. They might want to become a plumber or electrician instead. I do not think that AI is going to fix my toilet. That is where the real money is. AI might give more honest answers than some people do. It will often say that it cannot answer your question or that…
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