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Viewsroom

Big law firms are at sharp end of AI boom

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 7 August 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

Machine learning is already saving office workers from laborious research, but it also could herald the end of professional services’ fee structure. In this Viewsroom podcast, Breakingviews columnists debate how lawyers, auditors and other consultants can mitigate the risk. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:04.4

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0:29.1

T's and Cs apply.

0:30.6

The views expressed on this podcast are those of the participants, not of Rogers News.

0:38.1

First, there's like the Venus Williams kind of problem, where if you ask a bunch of guys,

0:43.5

could you beat Venus Williams and tennis, you know, like 60% say yes, and the actual answer is

0:48.4

zero.

0:49.5

And a lot of people seem to think with AI, I think, oh, yeah, this can do my legal work.

0:54.1

And it's like, no, you'll be laughed out of court and you'll lose the case.

0:56.8

But you have to convince them of that.

0:59.9

The boom in artificial intelligence and the fervor over how it might boost the economy is here.

1:08.1

Now comes the flip side.

1:10.5

For all the AI's promise to improve efficiency,

1:13.6

there are workers and firms on the other side that risk being automated away.

1:19.6

For once this actually may hit office workers, especially the once seemingly unshakable law firms

1:26.6

whose very business model will be challenged.

1:31.8

Right, this is the thing. And obviously we know everyone loves lawyers. We're all very happy

...

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