Lawyers, essentially the exorbitant and freeloading self-appointed gatekeepers of the deliberately arcane, unaffordable, inaccessible, and patently unequal legal systems all across the world, will now have even their routine/rote, repetitive, menial work done by cheaper LLMs for cheap.
Correct. The power of lawyers lies in their being self-appointed and gatekeeping , which means they will be paid to be rubberstamp the work of even superior AI , and their payment is non-negotiable.
This is why we see so many pro-se litigants. "Legalese" is no longer the barrier (not to nearly the same extent, anyway).
Hopefully. Giving everyone cheap and equal access to the law cannot be a bad thing--well, it might feel bad to those who no longer have exclusive access to the law.
I think an under-appreciate way AIs might disrupt the world is by giving individuals an agent that will ruthlessly optimize for them.
Companies have entire departments that spend all their time ruthlessly optimizing so they can charge an extra fee here, or spin up a new shell company there. Meanwhile, here I am in our capitalist society and I just enjoy relaxing and spending time with my wife and kids instead of maximally exploiting the capital I possess at all times--like a fool.
It will be interesting if we ever integrate AI so fully in our lives that the AI can maximally exploit all our capital. My AI might check prices, and I will drive past your store to save 5 bucks at the next. My AI might help me manage 27 LLCs and shell companies of my own so that I too can just disappear in a poof of legal smoke if I ever need to. Etc.