Podcasts & Interviews

Podcast with Aman Yadav, Counsel – Olx Global, Part-2

Unleashing the Power of Generative AI in Law

In this electrifying episode of the LexDiscuss Podcast, we’re thrilled to welcome Mr. Aman Yadav. Buckle up as we dive deep into the captivating world of Generative AI and its profound impact on the legal landscape.

Talking Points 🎙️

1. Generative AI in the Legal Field: Opportunities and Challenges Ahead

Mr. Aman shares his insights on how Generative AI is poised to revolutionize legal practices. From drafting contracts to analyzing case law, we explore the immense potential of AI-driven solutions. But with great power comes great responsibility—what challenges lie ahead?

2. Streamlining Corporate Legal Tasks

Corporate legal departments face a myriad of complex tasks. How can Generative AI be harnessed to streamline these processes? We discuss efficiency gains, risk mitigation, and the delicate balance between automation and human judgment.

3. Peering into the Future: Regulatory Frameworks

The crystal ball reveals exciting trends! Mr. Aman predicts how emerging technologies will shape legal frameworks. From data privacy regulations to AI ethics, we explore what’s on the horizon for legal professionals.

4. Decoding CVs: What Mr. Aman Looks For

Before candidates even step into the interview room, their CVs speak volumes. What qualities catch Mr. Aman’s discerning eye? Discover the secrets to standing out in a competitive legal landscape.

5. Wishlist for Generative AI Tools

Attention developers! Mr. Aman unveils his wishlist for creating top-notch Generative AI tools tailored specifically for legal practitioners. From contract generation to legal research, what features are essential?

🔥 Rapid-Fire Round: Karan Johar Style! 🔥

  • Guilty or Not Guilty: Burning the midnight oil to finish legal briefs? We’ve all been there!
  • Jury Is Still Out: Pineapple pizza—yay or nay? The courtroom drama continues.
  • Paper Airplane Champion or Keyboard Shortcut Master?: Legal professionals reveal their hidden talents.
  • 📚 Title for Mr. Yadav’s Biography: Share your creative ideas below! Will it be “From Code to Courtroom” or “AI Alchemist”?

Words of Wisdom for Aspiring Lawyers 🌟

We wrap up with invaluable advice for those embarking on a legal career. Whether you’re a law student or a seasoned attorney, this episode is a must-listen.

Don’t miss out! Hit that play button and join us on this thrilling legal journey where law meets technology. 🎙️🔍


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Welcome back, curious legal minds, to LexDiscuss Cafe.

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This is the second part of our interview with Mr. Aman Yadav, who is currently working as

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counsel at OLX Global.

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If you haven't tuned into the part 1, fear not, we'll hold the verdict on this fascinating

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conversation until you catch up.

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Just follow the link in the description.

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In the first part, Mr. Yadav sheds light on his career journey and skills to excel in

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a corporate legal department.

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Buckle up because today we are diving head first in the hottest topic in the legal sphere,

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generative AI.

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We will explore the potential of rules like Chad GPT for streamlining corporate legal

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tasks.

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We will also play a very interesting rapid fire round with Aman in full Karan Johar style.

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So Aman, now let's get into the heart of this podcast.

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When the Chad GPT came out, what was your initial impressions there?

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Initial impression was to totally ignore it.

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Right.

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Initial impression was that another gimmick, I don't know how I'm going to use it.

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It's not helpful.

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It's not going to make my life easier.

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This seems like another way of promoting a software which does not do much.

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And then did your impression change or do you hold the same view?

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It changed totally.

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Okay.

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When one day I put in a request into Chad GPT just to test it out.

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So I had a legal team member, a junior level lawyer whose entire job was to send reminders

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for car registration transfers to dealers.

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Right.

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Just to send a letter to them or something similar.

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I'm forgetting.

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Very routine, very clerical.

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Just you have entered data and you send the letter.

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One day I was sitting in my room.

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I put it on Chad GPT.

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It asked me the car registration number and a few details.

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And within a few seconds it started typing.

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So first I was very amused.

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I thought some very poor result is going to come out.

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Right.

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It's going to be a nonsense.

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And suddenly I see that letter typed out in maybe 10 seconds.

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I'm exaggerating.

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It may be less than that.

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It was so quick and it was beautiful.

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It was way better than what that junior used to do.

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Right.

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Then I realized this is helpful and dangerous because if I show this to our business team,

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they'll quickly tell me then what you do.

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Right.

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No, absolutely.

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But you don't need to really need to worry because as I keep telling everyone that AI

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is not going to replace the lawyers, lawyers using AI will replace other lawyers.

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Now what has happened is because we are also grappling with it on all the processes that

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we are doing here internally.

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What I'll tell you is that what AI is doing is now status quo.

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If you're doing as good of a job as AI is doing, then you're producing no value whatsoever.

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So the best step would be to start what AI is doing and then start adding value to it.

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Because what happens is we are humans, right?

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How many pages can we read in our whole lifetime?

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If you really think about it, it's not going to be somewhere more than like 15,000 or 20,000

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pages.

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But for an AI, it's a matter of minutes.

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Right.

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When it comes to reading a lot of data and coming up with something short, that's something

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AI can do really well.

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Right.

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So let it do that.

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Now let's start adding value on top of it.

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So that's I think is a sure shot way of beating AI and staying relevant.

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That's what we are trying to do because my organization also started when AI didn't exist.

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And now a lot of the work that I used to do is being done by AI.

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And to be honest, part of these interviews questions are also generated by AI.

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Right.

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No, the thing is, right, if the AI is doing a better job at me, I would be like, you know,

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I would be benefit me if I said, okay, I will not use it because it's not generated by me.

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Doesn't that kind of mean that people who are older reached a certain level where they

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don't need to do the basic work?

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Right.

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They are safe.

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And it depends.

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I mean, I don't know.

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I'm just thinking out loud.

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Right.

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But people who are just graduating interns, that work which I would give to an intern

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or to a junior lawyer who's one or two years out of law school, that can be done by AI.

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So for them, it's pretty dangerous.

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For me, it's not because people still need me.

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Absolutely.

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So see, this is what the scare that I am getting.

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Right.

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So now the thing is that, you know, people are keep saying that, you know, okay, it will

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not replace lawyers.

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Right.

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But in a lot of ways is replacing people we used to hire initially would like, you know,

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spend a lot of time and get to my level.

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Right.

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Businesses are not hiring as many freshers as they do right now.

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You were also a fresher one day and you also did that, you know, the dirty work and slowly

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and gradually reached to at this level.

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So right now, absolutely, your job is absolutely safe.

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Right.

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Because AI...

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Right.

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You are saying something.

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Please, please.

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That is the scary part.

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So I remember for the first one and a half years, all my boss gave me were legal notices

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because he wanted me to learn through them and I was very happy doing that.

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I became very good at legal.

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I learned a lot from them.

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138 notices, section 138, basic notices, civil, criminal, whatever, anything which has to

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be sent, I would do it.

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But that learning is sort of getting taken away by if I can now, let's say if I have

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a panel for an NBFC, I have to shoot out day-to-day notices for dues recovery.

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I don't need a junior for it.

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I don't need four of them.

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I need one of them who's going to type in to chat GPT and he's going to end the result.

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Right.

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So that's before that.

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It's pretty, it seems to be dangerous.

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I don't know.

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Maybe I'm wrong.

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Right.

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No, no.

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See, that's something I kind of worry of as well.

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And, you know, so one of the things that, you know, I get a lot of people saying that,

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you know, the AI will never replace lawyers, but they kind of forget that how did we learn?

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The first step of learning is always imitation.

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If you have a kid, probably you'll understand that, you know, the kid starts using the words.

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It's here around.

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Right.

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And whenever we are like painting, like they will tell you to ask, like, you know, paint

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anything.

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And that's why I'm worried about.

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I'm scared of the potential of the AI because when it comes to learning by rebuilding, it

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is quite good at, in certain ways, it is much better than humans.

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That's what I'll say that, you know, like ignoring this technology would kill you, would

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actually kill you.

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Right.

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That's what my two cents on it.

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I even tell my dad to like, you know, keep using it, staying updated on it and the retired

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person now, but he says like half of his job would be obsolete if he had chat GPT.

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So that's, that's what you're saying exactly.

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I mean, not just if we don't talk about legal juries coming out of school or interns, that

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is prevalent.

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Even if let's say in government offices where you would have people like typists or clerks

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only typing out things, letters, somebody would write on a piece of paper with a pen.

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They used to be a time when they were typewriters, you know, type it out on a paper and then

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the government department will send it.

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So the boss would issue those instructions, those people are banned now.

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And there were people who would continue to be clerks when they retired.

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I mean, you're a 60 year old clerk in let's say the ministry of home affairs.

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And you would be doing the same thing and your family would survive on it.

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Right.

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But now you're a 60 year old clerk because chat GPT is going to do it for you immediately.

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Absolutely.

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And if you go back to your observation, right, it should know how to write.

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But that's where like it gets worried because right now, if I am being competed against,

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I would make certain grammatical mistake if I'm writing the 10 pages of anything, right?

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Chat GPT is not going to do any of such mistakes, right?

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Even though it might not be as intelligent, it might not be as original.

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But for the mundane stuff, for the routine stuff, it's going to be substantially better.

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That's what I believe next decade is going to be.

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And for the first time, I see that lawyers would have to adapt at a rate they never had

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to.

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Other than email, if you think about it, how legal practice have been operated for the

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last 300 years.

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Other than email and the legal research, more or less, it's exactly the same if you just

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take away online filing.

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It's exactly the same way Ganesh Ji was to practice in this 21st century, we are operating

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in the same way.

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So many jobs you think of like ghost writing, you don't need ghost writers, chat GPT is

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for you.

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Right.

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Absolutely.

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People keep putting their nuggets of wisdom on LinkedIn.

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Right.

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There are so many jobs which these, I don't know what to call them, but these jobs will

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go away.

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This builds me to the next topic.

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I kind of have this unique role where I am interacting with lawyers as much, I am interacting

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with computer engineers as much, I'm interacting with marketers as much.

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And when I look at the level of adoption and the level of excitement in these three categories,

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I would say the lawyers are like really lagging behind.

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So what is your opinion on it?

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Like why does that happen?

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And is it a good thing?

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And if not, how can we address it?

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See, I think on the top of my mind, I can say there are two reasons.

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One is actually both are fear related because one is that, you know, that this thing can

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take away your job.

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So there are many people who are still doing very routine things day in, day out.

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I mean, let's say somebody in a big company, like working in a government department in

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the legal department, they're still doing very routine things.

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There are people you can very easily figure out that they're not doing a lot of high level

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stuff even if they're in the legal department.

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So if I'm there, I would never want chat GPT to come in there.

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Second, I believe that lawyers have always have this fear of being wrong in the setting,

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wrong opinion, wrong advice, wrong advocacy.

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So relying totally on chat GPT is also a little unnerving because you don't know if it's

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going to be right or wrong.

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So it's okay to be wrong when you did it and you tried your best, but spending only a couple

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of minutes on chat GPT and putting in your query and getting a legal opinion, what if

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it's wrong?

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And it has happened.

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There were cases in the newspaper where somebody quoted a judgment which did not even exist.

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That being wrong, I think is very strong in lawyers and that is also leading to the lack

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of adoption.

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Makes sense.

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And, and you see, this is where I see the root cause of the problem, because what happens

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when I am talking to the marketers, they are not that afraid of making mistakes or good

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results.

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Like I will talk to marketers and they will say that our thing is finding that one marketing

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campaign which just blows everything out of the water.

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And there will be like, you know, five to six dud campaigns, but it's okay.

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As long as we are experimenting at a nice pace that, you know, we are able to consistently

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keep finding that one amazing marketing campaign.

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But if you look at the lawyers, they would never be happy with this equation.

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They will say like, we have to be right 100% of the time and that as an external council

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makes sense.

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But as an in-house council, what are your thoughts on that?

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You see, again, the same thing, even if it's not a junior level lawyer, right?

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So if I'm practicing in the high court and 50% of my work is criminal, where I'm, let's

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say, filing quashing petitions, so I've never tried asking Chad GBD to draft a quashing

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petition.

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But what if it does that in a couple of minutes and I am in a habit of charging 50k just for

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drafting the first version of it, how do I justify that money when I know that this thing

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is doing it for me in a couple of minutes?

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So those sort of things, I think, is why we lawyers are a little hesitant in writing it

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and really allowing it to take over because we're not really trying to save time.

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It has a lot to do with the historical mean, which the legal profession has operated.

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I mean, it's nothing new, like an ad campaign, like you, because you mentioned ad and marketing

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and ad campaign, you can't have the same ad campaign again and again and again, but you

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can have the same petition.

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You just have to change the dates and the facts here and there.

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You can add up that you can do it for 20 years.

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Right.

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That's, I think, is to the crust of matter.

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Do you think that, you know, as a legal professionals, especially the external councils, they are

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not financially incentivized to be more productive?

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They're actually financially disincentivized to be more productive, right?

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Because the less productive they are, the more money they are able to charge their client

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or businesses.

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I see it very similar to what happened when COVID had struck and people do online hearings.

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It leveraged the playing field to a certain extent in the sense that people were not going

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to senior lawyers or to high profile lawyers or even mid-level lawyers.

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Okay.

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They knew that they can hire anybody from anywhere.

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So people were hiring local lawyers also.

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Some of the matters are not rocket science.

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You don't need to go to a very good lawyer.

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You can have a basic lawyer also prepare and argue and hybrid version of court hearings,

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online hearings, they leveled it to a certain level.

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I think the same thing is happening with chat GPT.

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It's leveling the playing field.

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You don't need to really go for a very expensive, high profile or even mid-profile lawyer.

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You can have your petition drafted by your local lawyer and he'll argue it.

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So I think that way it is also leveling the field and which is why people feel it's dangerous

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some of them.

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Makes sense.

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And you know, one of the productions that I have for the next decade is that I believe

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that the biggest loss is going to be the big law firms who are charging a filthy load of

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money.

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Because I think chat GPT and similar tools will also give a solo lawyer a benefit of

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having a clerk or benefit of having a paralegal benefit of having a, you know, administrative

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assistant who can, you know, properly send reminders to the email.

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So all the benefits of working in a big law firm when you join, you'll get, you'll have

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like a plethora of templates, which will cover almost everything imaginable that's going

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to happen in this case.

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And you will have like a secretary, you will have a clerk there, you will have everything

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taken care of and you just go there and you just focus on the law part.

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And now I think as a solo practitioners, you'll also have everything, all those benefits,

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right?

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It would be harder for the law firms to justify their higher prices, but let's see how the

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prediction turns out.

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So now as we're running out of the time, let's come to the rapid fire question.

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So you have to answer it very quickly.

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So the first question is guilty or not guilty staying up all the night to finish a legal

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brief.

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Not anymore.

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Not anymore.

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What was that for?

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Last time.

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When was the last time you stayed up all night?

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Last time was maybe five, six years ago.

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Ah, it's not that late.

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Lucky, lucky.

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So next question, pineapple on pizza or no?

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Never.

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Never?

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Okay.

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Okay.

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If somebody asks you, are you a paper airplane champion or keyboard shortcut master?

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Who would you be?

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Paper airplane champion.

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Good.

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Okay.

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If your biography is written today, what would be its title?

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It's interesting.

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Never thought about it.

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See, we also ask interesting question.

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I still don't believe that.

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So maybe it's going to say he's dead.

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Bye bye.

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He's dead.

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But you're not dead.

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It's written today.

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It's written today.

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It's written today right now.

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So what will be the like the title of the story your life so far?

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I don't have a good answer.

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You don't have to be a good answer.

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It has to be an honest answer.

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It should say he tried his best.

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I think that's what we all can offer.

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And I think that's the best title.

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We only have time for one last question.

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So do you have any advice for aspiring lawyers who want to pursue a career like yours, especially

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in the generative AI, right?

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What would be your suggestions?

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You see, earlier I used to give advice to everybody to read a lot.

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But now I don't really know how good that advice is.

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But even when you will still need to rack your brains, you will still need to do the

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logical reasoning to arrive at answers, whether it's law firm or in-house.

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It's in fact going to become tougher for them because there was a time when you could even

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for basic answers, only those junior lawyers who read up, only they would be able to answer

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right now.

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Basic information is at the tip of your hands.

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If you have that ready, then you will have to think about the next level.

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By putting in a question and getting the answer, you need to then be very good at analyzing

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it and or rating it in the sense it is not just about the written data anymore.

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If you have to go with a chat GPT answer to your boss or to the business team or anybody

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as a lawyer, now you need to explain it very well because they don't want to sit on chat

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GPT.

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They don't know what to put in.

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So it's now going to come more on the verbal side of it.

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How do I explain it?

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Because now everybody has info.

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Wow.

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Great advice there.

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So Aman, thanks a lot for coming on the podcast.

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It was really interesting.

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One of the best podcasts so far.

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Thank you so much.

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Thank you for inviting me.

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How can we forget our listeners?

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Thanks for tuning in as we need to make the algorithm gods happy.

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So don't forget to like, share and subscribe for more entertaining conversations on law.

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Until next time, keep exploring the fascinating world of law.

 

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1 Comment

  • Shivam Nagpal
    Shivam Nagpal
    March 22, 2024 at 7:37 am

    Absolutely loved this podcast with Aman Yadav! It was refreshing to hear from someone who brings both extensive experience and a great sense of humor to the table. The discussion was not only insightful but also engaging, offering valuable perspectives on navigating the legal landscape in a fast-paced, technology-driven world. Mr. Aman’s transition from a law firm to an in-house role and his insights into mergers and acquisitions provided a real-world glimpse into the challenges and opportunities facing legal professionals today.

    Reply

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