Originally posted by Bad_Rich_Chic
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This just doesn't worry me much - perhaps it's just my practice area or something, but clients don't hire me to find out if a reg applies, they hire me to find out how to get around it.
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A lot of loopholes and angles can be reused again, and again. The big accounting firms collect these things in a database. Of course, it does take expertise to have a sense for what works and what doesn't in a given situation.
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Maybe strictly cookie-cutter banking types would worry a bit, but, again, this just doesn't strike me as a huge threat,
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Computer programs pose a threat to people doing middle market transactional work. For many of these deals, the agreements and customization simply aren't that complicated.
Long term, I see technology slowly reducing the need for juniors at BIGLAW.
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