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Marketing School - Digital Marketing and Online Marketing Tips

Do You Want Your Lawyers Using ChatGPT? A Debate

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 4 November 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

In episode #2856, Eric Siu and Neil Patel discuss the transformative impact of AI in legal work, where AI can now produce legal briefs at a fraction of the cost, the concept of the Chief Automation Officer (CAO) as a vital role in modern companies, and the implications of AI on employment. Don’t forget to help us grow by subscribing and liking on YouTube! Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT)  TIME-STAMPED SHOW NOTES: (00:00) The Rise of AI in Legal Work (02:49) The Role of Chief Automation Officer (05:43) AI's Impact on Employment and Skills (06:19) That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more!   Leave Some Feedback: What should we talk about next?  Did you enjoy this episode? If so, please leave a short review.   Connect with Us:    Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

Transcript

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0:00.0

Did you see that chat GPD can write these $1,000 an hour briefs for $3?

0:04.3

We've heard examples of senior lawyers at law firms who said, you know, I just had 01 write a legal brief for me.

0:10.9

That would have taken a $1,000 an hour associate six hours.

0:17.5

Open AI CPO chief product officer Kevin Whale, I think Wheel, Whale, says their 01 model can now write legal briefs that previously were the domain of $1,000 in our associates.

0:28.9

What does it mean when you can suddenly do $8,000 of work in five minutes for $3 of API credits, right?

0:34.3

So, you know, I'm not, I don't think this is anything, like we've heard about

0:38.2

this type of stuff before, right? But I think the costs are just continuing to come down more

0:41.2

and more. And the models are getting better and better, right? The 01 stuff. So between

0:45.9

the stuff we talked about earlier with anthropic computer use, right? So that's a real agent.

0:52.3

And then you have boltout new where you and I can prototype anything. Like we're developers now. We're pseudo developers now, right? And then we're

0:57.8

bringing down the cost of just, you know, costs overall with like legal costs, right?

1:04.0

I think that's pretty, that's pretty crazy. Right. So I, this all kind of goes in with this

1:09.7

concept of the chief automation officer.

1:11.6

So this is from Steph Smith and she works at A16Z.

1:16.6

And she said, I actually originally shared the concept of CAO,

1:19.6

CAO, chief automation officer in 2021.

1:22.6

So basically, it's a scrappy, semi-technical generalists.

1:26.6

They've been 10x with LLMs, cursors,

1:28.9

Zapier, AI, et cetera. And so basically, I'm not going to read the whole thing here, but you can,

1:33.4

you can see this if you can rewind the video. But the concept of a CAO is emerging as a crucial

1:38.1

role in modern companies to maximize efficiency and productivity through technology.

1:42.6

Here's an overview of this potential job of the future.

...

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