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Are people irrational to start law degrees in 2024? New research shows AI can do many of the tasks of junior lawyers and other legal staff at less than 1% the cost of their wages. (arxiv.org)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 9 months ago

Some countries (such as the US) are already oversupplied with law school graduates. The implication of this research is that they will soon be even more oversupplied. Law degrees are expensive to obtain. Apart from tuition costs, you need to devote years to study when you are not earning anything.

One of the obvious questions posed by this research is why should anyone invest tens or hundreds of thousands of dollars in starting to study law in 2024? The old assumption was that investment would pay for itself in lifetime earnings. Those old assumptions seem to be collapsing around us.