Matt Britton argues AI will soon disrupt accounting and legal work. AI can already draft routine contracts by synthesizing existing agreements, and he predicts small-claims and contract lawyers face displacement within three to four years, though high-stakes deal work will survive.
Professional services, I think, is an area that's going to get dramatically disrupted by AI in a way that I don't think a lot of people understand. I wouldn't use it if I was buying a house yet, but it's starting to creep in because this basically just brings together. You want to create a certain type of agreement. It's going to bring together all the agreements that have ever written that can be logged on the web and combine it into the way an agreement is written. The amount of time and cost this saves is dramatic. What do you do if you're a lawyer, what do you actually do about this? There will be lawyers that are going to be doing multimillion dollar deals, but the everyday small claims lawyer that needs to basically write stuff, I don't know if that's really going to be the case three or four years from now.