I guarantee it’s going to be impossible to compete as a lawyer in most fields without doing most of the work with LLMs, probably within a few years.
I expect the benefits of increased efficiency will be seen as temporarily zeroed inflation for legal services (prices actually going down? LOL) and a bunch of rents, forever (more or less, from the perspective of a human lifetime) to whichever one or two companies monopolize the relevant feature sets (see also: the situation with digital access to legal documents). Lawyers will be more productive but I expect comp will stay about the same.
And I think that as someone fairly pessimistic about the whole AI thing.
I expect the benefits of increased efficiency will be seen as temporarily zeroed inflation for legal services (prices actually going down? LOL) and a bunch of rents, forever (more or less, from the perspective of a human lifetime) to whichever one or two companies monopolize the relevant feature sets (see also: the situation with digital access to legal documents). Lawyers will be more productive but I expect comp will stay about the same.
And I think that as someone fairly pessimistic about the whole AI thing.