The need for actual lawyers will persist I think from my own experience. I attempted drafting a contract with some points myself using AI, but after several edits I wasn't sure if it was correct. Sending it to an actual lawyer ended up in so many corrections I couldn't imagine the first time. One big thing was the overly excessive protective clauses which didn't make sense for reality or conflicted with another.
Its just like code I suppose, if you can read and understand and validate, you can use it to scale and otherwise it could end up being a vibe effort.
Our entire world is about reducing the friction of conducting a transaction
How to fix the lack of trust which is needed to conduct a transaction
Contracts affix a moment of trust in time, so even when trust is lost between parties the contract has guardrails for behavior and consequences for acting outside those rails
There are many transactions that are completely inaccessible to most people because the need for a contract or lawyer is too high
LLM use allows for those inaccessible transactions to decrease, and get people further along to the point where a lawyer is accessible as well, and economically viable to use
halamadrid · · focus · HN ↗
Its just like code I suppose, if you can read and understand and validate, you can use it to scale and otherwise it could end up being a vibe effort.
yieldcrv · · focus · HN ↗
How to fix the lack of trust which is needed to conduct a transaction
Contracts affix a moment of trust in time, so even when trust is lost between parties the contract has guardrails for behavior and consequences for acting outside those rails
There are many transactions that are completely inaccessible to most people because the need for a contract or lawyer is too high
LLM use allows for those inaccessible transactions to decrease, and get people further along to the point where a lawyer is accessible as well, and economically viable to use