Winston Weinberg

Why?

because you only really get that from a bunch of experience right and the experience is usually something that will be very difficult to distill into the models right so an example of this is when you're doing a large m a a lot of the very good like top m a attorneys what they are good at is they actually know personally all the other folks like all the players

And so what they're ending up becoming is actually like deal advisors of, I know that this is actually what they want.

I know that this is what they're going to push back against, etc.

And I think it's going to be very difficult for the models to get that data over time.

My guess is we're going to get to a stage where agents are running a very large portion of this and humans get really good at reviewing the outputs of agents and understanding where they might've made a mistake.

This is also what senior lawyers are really good at already.

I don't know if law firms are necessarily going to get smaller because there's actually a world in which because AI allows you to institutionalize your knowledge faster and work across a lot of different projects faster, you might actually be able to scale faster as a law firm than you used to be able to in the in the past.

But you will need less people per project, right?

But the other thing, as long as you have less people per project,

you might have like way more projects.

So I'll give you a really good example of this, or like a very simple one.

We are going to have a bunch of regulations about AI use, for sure.

There's no universe in which we aren't gonna end up there, right?

In the same way we have a lot of audit restrictions on banks, right?

For like, when you make a trade, you have to put X, Y, Z down.

That's gonna happen for models, for sure, right?

who's going to be in charge of that monitoring that lawyers right the legal department and so there is an area where i think like there's going to be a massive expansion of legal work think about like a data room what a data room is going to have in 10 years if you've been using ai to create all the contracts

it's going to be 20 times larger, right?

50 times larger.