A short YouTube video (Jeff For Local Marketing) in which two speakers recount a real-world anecdote: one speaker fed a friend's legal trust documents into ChatGPT after an attorney said they were ready. ChatGPT reportedly identified two-to-three problematic items that could have materially affected the trust; the friend questioned the need for an attorney afterward. The speakers highlight speed (seconds vs. hours/weeks) and cost differences (versus high hourly attorney rates) and suggest the legal industry—especially routine document review—is exposed to disruption by AI.
Chapters
Let me give an example. I have a dear friend who, he was doing some things with his trust and he was engaging with his attorney back and forth. And we were having dinner and talking this over and I said, well, gosh, I said, you know what I do as? I said, take those documents because, you.
Know, a lot of times what will.
Happen is we'll get something that has 50 or 60 pages of documents and.
Everything is kind of electronic signature and.
It just says, hey, sign.
And you, you can kind of go through them mindlessly and click things off and realize, wait a minute, maybe I signed something. I don't even know exactly what's in there.
So what I recommended, I said, hey.
Why don't you take that document and feed it into, you know, from your.
Attorney who says, hey, it's ready to go.
Just sign it and feed it into chat GPT and then you can ask.
It questions about what it does and ask if there's anything based on what.
You do that needs to be changed. Well, it came back and it made some recommendations and it saw some errors. I think it was two, two, maybe.
Three things that shouldn't have been in.
There, that had they just signed and moved on, it could have made a difference in, in the future according to his trust.
Well, he came back and he says, wow.
He said, from now on, he says.
Why do I need an attorney? I'll just have this information in here.
And my point is that is an.
Industry that is at risk.
That's knowledge. And it did it in seconds, not hours or weeks.
And they're not paying by, you know, $400 an hour.
