TheCorporateCounsel.net

If you are looking for motivation to take a deep dive into artificial intelligence, my guess is this information may do the trick – according to PwC’s “AI Jobs Barometer” report, lawyers are at the top of the list when it comes to the premium they earn for having AI skills. Here’s an excerpt from the press release announcing the report’s findings:

Across the five major labour markets for which wage data is available (US, UK, Canada, Australia and Singapore), jobs that require AI specialist skills carry a significant wage premium (up to 25% on average in the US), underlining the value of these skills to companies. Across industries (in the US for example), this can range from 18% for accountants, 33% for financial analysts, 43% for sales and marketing managers, to 49% for lawyers.

A little reality check – you aren’t going to command a premium if you just play around with ChatGPT to help you write a memo or brief. The lawyers that businesses will pay through the nose for are those with what the report calls “AI specialist skills.” These are technical AI skills like deep learning or cognitive automation, so no posers need apply. Obviously, that leaves me out.

– John Jenkins