AI threatens the future of lawyers |
Eleanor Lightbody, CEO of Luminance, a leading legal AI provider, discusses the transformative impact of AI on the legal profession. Luminance has seen a significant surge in demand, with a 40-fold increase in queries and sales exceeding £50m, thanks to the rise of large-language models. The company, which has over 700 clients including the BBC and KPMG, automates contract review and negotiation, effectively acting as an in-house legal brain. Lightbody believes AI can enhance the skills of junior lawyers, saying: "The AI will tell you why another user has done something in the past." However, the industry faces challenges, as predictions suggest that 44% of legal work could be automated, leading to potential job losses. |
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