Logan Breed
Partner, the law firm Hogan LovellsDo You Have Any Advice For Students?
I think that over the next 5 or so years, there will be dramatic change in the way the legal profession (among others) uses technology, particularly AI. It will have huge impacts on everything from the way we provide services to our clients, the way that we charge our clients for those services, who we are looking to hire, and the number of people that we are looking to hire.
I don't know exactly how it will work, but what I do know is that the traditional model of having lots of junior people spend hours upon hours reviewing contracts and other documents is over. If you have a database with 1000 different contracts and the due diligence process requires you to look at each of them, AI will be able to do that in minutes.
No one really knows exactly how that will shake out, but I do believe the changes will be significant.
Becoming really facile at using AI is imperative, whether you're going into the legal profession or any other, because if you don't know how to use AI, you'll be very behind the curve. However, if all you're doing is using AI instead of your brain, you won't be adding any value to the company and there won't be any reason for them to hire you.
If you can use AI effectively and build on top of it to add value, I think that will be extraordinarily important and will open a lot of doors over the next 5 to 10 years.