17 APR 2024 · Dive into the captivating world of AI's intersection with the legal profession in the first part of our special two-part episode with Damien Riehl, a lawyer, speaker, technologist, futurist, and musician. Damien brings a unique perspective to the evolving role of AI in law, comparing the capabilities and roles of lawyers with those in the medical field, highlighting what LLMs cannot do that humans excel at.
This episode delves into the concept of AI agents and their potential impact on the legal world, discussing why these advanced tools have not yet become commonplace in legal practices. Damien articulates a compelling vision of the future where the legal profession moves away from the drudgery of billable hours to focus on the essence of lawyering — strategic thinking and humanity. This shift emphasizes that it's our humanity that sets us apart from machines; clients seek out lawyers not just for legal solutions but for a shared human experience and wisdom.
Furthermore, Damien explores how Jevons' paradox might play out in legal services. As AI reduces the unit cost of legal tasks, it paradoxically leads to an increase in demand for legal services, allowing more people to access legal help and lawyers to potentially engage with a broader array of issues without reducing their earnings.
Join us for this insightful exploration of how AI is reshaping the legal landscape, urging a shift towards more meaningful and impactful legal practice.
Subscribe to Monday Bagel for more enlightening discussions that bridge technology and humanity, and stay tuned for the second part of our conversation with Damien Riehl, where we continue to uncover the deep impacts of AI on professional fields.