The advancement of Gen AI and AI tools in the legal field is causing concern about potential job losses due to billable hour reductions. However, these technologies may actually generate new types of work, increasing the litigation landscape. Historical examples like ATMs demonstrate that technology can enhance rather than eliminate job opportunities. Applications of AI are leading to higher volumes of mass tort and class action cases, thereby increasing demand for legal services. Lowering costs through technology may reveal previously overlooked legal issues requiring resolution.
"Just last week, I wrote about how technology is propelling an increase in mass tort litigation and the need for more lawyers on the defense side."
"As technology reduces the cost of a service, demand for that service increases. Lots of people have legal issues that go unresolved because the cost of hiring a lawyer exceeds the traditional value of obtaining a solution."
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