And they know when it’s right and wrong.
Recently I asked Claude if I should convert my LLC to an S Corp for tax savings, and it sang the praises of how much I’d save if I did this.
When asked my accoutant, he pointed out that since I live in NYC, the S corp would be taxed in such a way that would completely wipe out the tax advantage I’d get elsewhere, and I’d likely end up paying more if I did this.
Did you tell the LLM you were in New York though?
Obviously AI will change the legal industry. But a lawyer will still have an advantage because they know what questions to ask and can provide the AI with the relevant context.