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AI ought to lead to a disruption of the industry. Currently, the legal industry has managed to entrench itself using technicality which makes it difficult to r
by yomly 10y ago
AI ought to lead to a disruption of the industry.
Currently, the legal industry has managed to entrench itself using technicality which makes it difficult to replicate and leads to very expensive fees. When a software solution comes along - in principle it will be able to scale and therefore charge substantially lower fees while still earning competitive margin as compared to a traditional law firm. This will lead to a democratisation of access to justice.
Think Amazon for retail, Netflix for TV or Spotify for music. (Maybe ignore the part about profits for now...)