4 ms·

So, let’s say that the chat will work as well as the real lawyer some day. If the current pricing would be $500 an hour for a real lawyer, and at some point yo

by nicce 3y ago

So, let’s say that the chat will work as well as the real lawyer some day. If the current pricing would be $500 an hour for a real lawyer, and at some point your costs are just keeping services up and running, how big cut will you take? Because it is enough if you are only a little cheaper than the real lawyer to win customers. There is an upcoming monopoly problem, if the users get the best information from the service after they submit all their documents. And soon the normal lawyer might be competitive enough. I fear that the future is in the parent commenter’s open platfrom with open models and the businesses should extract money from some other use cases, while for a while, you get money momentarily based on the typical ”I am first, I have the user base” situation. It is interesting to see what will happen to lawyers.

baobabKoodaa 3y ago
> If the current pricing would be $500 an hour for a real lawyer, and at some point your costs are just keeping services up and running, how big cut will you take? Zero. We're providing the AI chat for free (or free for customers who purchase something from us, or some mix of those 2 choices). Our core business is generating documents for people, and the AI chat is supplementary to the core business. It sounds like you're approaching the topic with the mindset that lawyers might be entirely replaced by automation. That's not what we're trying to do. We can roughly divide legal work into 3 categories: 1. Difficult legal work which requires a human lawyer to spend time on a case by case basis (at least for now). 2. Cookie cutter legal work that is often done by a human in practice, but can be automated by products like ours. 3. Low value legal issues that people have and would like to resolve, but are not worth paying a lawyer for. We're trying to supply markets 2 and 3. We're not trying to supply market 1. For example, you might want a lawyer to explain to you what is the difference between a joint will and an individual will in a particular circumstance. But it might not be worth it to pay a lawyer to talk it through. This is exactly the type of scenario where an AI chat can resolve your legal question which might otherwise go unanswered.
- nicce 3y ago
  > It sounds like you're approaching the topic with the mindset that lawyers might be entirely replaced by automation. That is the cynical future, however, and based on the evolution speed of the last year, it is not too far away. We humans are just interfaces for information and logic. If the chatbot has the same capabilities (both information and logic, and natural language), then they will provide full automation. The natural language aspect of AI is the revolutionary point, less about the actual information they provide. Quoting Bill Gates here, like the GUI was revolutionary. When everyone can interact and use something, it will remove all the experts that you needed before as middle man.

by nicce 3y ago

baobabKoodaa 3y ago

> If the current pricing would be $500 an hour for a real lawyer, and at some point your costs are just keeping services up and running, how big cut will you take? Zero. We're providing the AI chat for free (or free for customers who purchase something from us, or some mix of those 2 choices). Our core business is generating documents for people, and the AI chat is supplementary to the core business. It sounds like you're approaching the topic with the mindset that lawyers might be entirely replaced by automation. That's not what we're trying to do. We can roughly divide legal work into 3 categories: 1. Difficult legal work which requires a human lawyer to spend time on a case by case basis (at least for now). 2. Cookie cutter legal work that is often done by a human in practice, but can be automated by products like ours. 3. Low value legal issues that people have and would like to resolve, but are not worth paying a lawyer for. We're trying to supply markets 2 and 3. We're not trying to supply market 1. For example, you might want a lawyer to explain to you what is the difference between a joint will and an individual will in a particular circumstance. But it might not be worth it to pay a lawyer to talk it through. This is exactly the type of scenario where an AI chat can resolve your legal question which might otherwise go unanswered.

nicce 3y ago
> It sounds like you're approaching the topic with the mindset that lawyers might be entirely replaced by automation. That is the cynical future, however, and based on the evolution speed of the last year, it is not too far away. We humans are just interfaces for information and logic. If the chatbot has the same capabilities (both information and logic, and natural language), then they will provide full automation. The natural language aspect of AI is the revolutionary point, less about the actual information they provide. Quoting Bill Gates here, like the GUI was revolutionary. When everyone can interact and use something, it will remove all the experts that you needed before as middle man.