AI is taking over my job as a lawyer

TLDR: We are about 2-5 years away from AI completely disrupting the legal world#####I am a corporate lawyer in my country. My role is to read contracts and advise my clients on whether or not they should sign the contract. In my case, all my clients are buyers (so I read the contracts and try to find out any red flags or things that are not favorable to the client, and suggest amendments as needed). Costs are roughly $500-$1,000 for me to review a contract.<br><br>Over the last few months, I have been testing AI models like Claude 3, gpt-4, Perplexity etc -- and I have come to the realization that AI can do the job quicker, cheaper and more efficiently than me. I don't even need to train it - it pretty much works out of the box.<br><br>Here's a simple example of this: <br>I feed the AI an NDA agreement (pretty basic and simple) and ask it to point out any potential red flags -- and it identifies the following: <br><br>(i) the agreement does not come to an end after a certain period of time. So even if I stop sharing confidential information with the other party after 2 years, I am still legally bound by the NDA;<br><br>(ii) the other party does not agree to keep my information confidential (i.e. there is no mutual obligation in the NDA. So if I share confidential information with them, they need to keep it confidential -- but I do not have an obligation to keep their information confidential); and<br><br>(iii) there is no carve outs for information that is publicly available (so if I share confidential information with the other party, and that information is publicly available, they still have to keep it confidential. If they use that information for their own benefit, they could be breaching the NDA).<br><br>Now, these are pretty basic red flags. But that's what most clients want to know. They just want to know - are there any major risks in this contract? If I want AI to identify more specific and technical issues (e.g. does this contract comply with the GDPR? does this contract comply with the relevant anti money laundering laws?) it can do that too.<br><br>And it does all of this for $0.01 cents. Literally. I pay $0.01 cents to have AI review an NDA. And it does it in under 1 minute. I charge my clients $500-$1000 for the same thing and it takes me about a day to do it. And I am one of the top 3 lawyers in my country. Finally, the AI model is improving daily and monthly - so I would expect its quality to improve dramatically over the next 2 years. <br><br>Apparently the AI models I am using are version 1 and version 2. Version 3 is about to come out -- and there is talk that version 3 is as big of an improvement over version 2 as version 2 is over version 1. So we could be looking at an AI model 4-8 times as good as the current model available in 2025. <br><br>I am frankly not sure how this will end up. But the next 2-5 years are going to be very interesting.