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Gabe Pereira

๐Ÿ‘ค Speaker
341 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

But if you take like a principal engineer in these models, the stuff you can do is insane.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Like there is senior partners that I talked to that are working on very large mergers

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

that are just like, I'm able to do most of this merger with me and the model and doing the work.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

But I think the other thing that is going to make this go slower is

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

these models are very powerful when you know how to use them.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And so what you see in programming is because the code models are just so perfectly aligned with the way you do engineering, like most engineers are grokking how to get the like value out of these systems very quickly.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

There are very few lawyers that are understanding these models the way like engineers because it's just not as intuitive.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And so I think like,

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

To answer your question, because I think it's complicated, like in two years, do 50% of these jobs just all go away?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

I don't think that happens for the reason I said.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

From a capabilities perspective, if we could perfectly diffuse this into the industry, can it do 50% of what people are doing today?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

My guess is probably yes.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

But I think that diffusion, for all the reasons I talked about, I think happens a bit slower than maybe like Dario's predicting in terms of just like this happens next year for regulatory security, all of these reasons.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And then the last point is I do think law firms in general think this is going to happen slower than I'm saying.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Yeah, I think that's right.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Where it's like, I think what's going to happen is the models will do much of the, like if you're an associate at a law firm, like you are for the most part, not interacting with the client, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

You are doing all the work that the partner delegates.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And I do think the models will increasingly do more of that.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And you will need to build these hybrid law firms that are here is a ton of agents and probably less associates that do all the things that the models can't do.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And there is a huge amount of legal work that is that.