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Lawyers Charged with Insider Trading

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JDB's avatar
 JDB
(@jdb)
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These are prominent firms. This is wild. 

https://www.reuters.com/world/us-charges-30-people-with-roles-global-insider-trading-scheme-2026-05-06/

AI can't replace attorneys soon enough


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Topic starter Posted : 05/11/2026 2:57 pm
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C Probert's avatar
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@jdb i know a guy who was at sidley when the plane hit the wtc.  by 3:00 he was in a new temp office and still billed half a day


This post was modified 3 days ago by C Probert
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Posted : 05/11/2026 2:59 pm
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BradStevens
(@bradstevens)
Illustrious Member

Posted by: @jdb

These are prominent firms. This is wild. 

https://www.reuters.com/world/us-charges-30-people-with-roles-global-insider-trading-scheme-2026-05-06/

AI can't replace attorneys soon enough


GIF

 

What's wild is that they got caught or are now being prosecuted. 

My guess is that this goes on all the time.  

 


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Posted : 05/11/2026 3:03 pm
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Bulk VH's avatar
(@bulk-vh)
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image

 

Just sayin'...


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Posted : 05/11/2026 3:31 pm
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C Probert's avatar
(@bar-down)
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@bulk-vh if you walked the halls of the firms named they're already like that.  AI won't change anything


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Posted : 05/11/2026 3:39 pm
C Probert's avatar
(@bar-down)
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@bulk-vh I worked 114 hours this week, seeeeeeeeeee.  In that time I successfully identified two extra spaces, one missed comma, and three misplaced semi colons. Seeeeeeee.  Apalled to think those documents came perilously close to going out!


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Posted : 05/11/2026 3:43 pm
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SqueakyClean
(@squeakyclean)
Reputable Member

I went to Wendy's this weekend and went through the drive-thru.  This Wendy's has implemented an AI chat bot that takes your order at the drive-thru speaker.

There were two errors with my order (wrong condiments on wife's burger, one wrong drink).

Needless to say, AI is going to need a few more years to work out the kinks before I'm worried about mass-scale replacements of anything.


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Posted : 05/11/2026 3:52 pm
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Bulk VH's avatar
(@bulk-vh)
Member Moderator

Posted by: @bar-down

@bulk-vh I worked 114 hours this week, seeeeeeeeeee.  In that time I successfully identified two extra spaces, one missed comma, and three misplaced semi colons.

And posted here 175 times.

(I know, I know...)

 


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Posted : 05/11/2026 3:52 pm
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Bulk VH's avatar
(@bulk-vh)
Member Moderator

Posted by: @squeakyclean

I went to Wendy's this weekend and went through the drive-thru.  This Wendy's has implemented an AI chat bot that takes your order at the drive-thru speaker.

There were two errors with my order (wrong condiments on wife's burger, one wrong drink).

Needless to say, AI is going to need a few more years to work out the kinks before I'm worried about mass-scale replacements of anything.

Wendy's > Lawyering

 


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Posted : 05/11/2026 3:53 pm
C Probert's avatar
(@bar-down)
Honorable Member

@bulk-vh shiiiiiiiiit.  the guy i know who went to work at sidley was probably top 5 in the class.  there aren't a lot of guys there who played every intramural sport during law school


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Posted : 05/11/2026 3:54 pm
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larsIU
(@larsiu)
Noble Member

Posted by: @squeakyclean

Needless to say, AI is going to need a few more years to work out the kinks before I'm worried about mass-scale replacements of anything.

 

AI didn't screw that part up. The human did. 

 


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Posted : 05/11/2026 4:13 pm
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hooky
(@hooky)
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Posted by: @larsiu

Posted by: @squeakyclean

Needless to say, AI is going to need a few more years to work out the kinks before I'm worried about mass-scale replacements of anything.

 

AI didn't screw that part up. The human did. 

 

When will AI replace overseas Call Centers?  I can never understand "Reggie".  I'm pretty sure he called me from Bangalore to tell me that they were doing work in my neighborhood and wanted to offer me a free quote for new windows, but I can't be sure.

 


Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB

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Posted : 05/11/2026 4:36 pm
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JDB's avatar
 JDB
(@jdb)
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Posted by: @bar-down

@jdb i know a guy who was at sidley when the plane hit the wtc.  by 3:00 he was in a new temp office and still billed half a day

I'll be his comp was cut in half because of his hour shortage and the fact that his associates were not productive enough from the grave.

 


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Topic starter Posted : 05/11/2026 5:26 pm
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larsIU
(@larsiu)
Noble Member

Posted by: @hooky

Posted by: @larsiu

Posted by: @squeakyclean

Needless to say, AI is going to need a few more years to work out the kinks before I'm worried about mass-scale replacements of anything.

 

AI didn't screw that part up. The human did. 

 

When will AI replace overseas Call Centers?  I can never understand "Reggie".  I'm pretty sure he called me from Bangalore to tell me that they were doing work in my neighborhood and wanted to offer me a free quote for new windows, but I can't be sure.

 

Based on what I've personally witnessed: 

Collections - Tier 1 (initial call and f/u including payment agreement scheduling) - already viable and probably eradicates offshore within 12-24 months depending on implementation timelines. Tier 2 - (conflict res / 2nd stage collections) 2-3 years. 

Outbound calls for data gathering or verfication - already viable and probably similar timeline as above. 12-24 months

Inbound calls - trickier but 2-3 years and it's largely gone

Essentially any telephony based customer service is a dodo at this point. Like touching paper as part of your job 15 years ago. now, is there a world where a product/company differentiator is the ability to speak with a human? Sure, I guess so but that will be a boutique experience and costly. Addtionally, most of the utes don't want to talk with a human anyway. 

The real killer will be the next stage of process automation, beyond the phone. It's gonna get bumpy over the next 5 years. Shit, Mythos is already "too powerful" to release to the public. Once they tame that it's going to game over for a ton of decent paying white collar jobs. I know a lot of people like to joke that AI sucks and it "hallucinates" and whatever. Guys, it's 4 years old and it's doubling it's capacity every 6-8 months. Give it 5 years. 

"Oh no, no computer could do my job. I'm so smart and important!" You also cost $150,000 a year. Your days are numbered. 

 

Wheeeeeeeeeeeeeeee

Seriously, this is a bit doomerish but tell me if it's not eerily on point relative timeline. 

 

We're Not Ready for Superintelligence

 


This post was modified 2 days ago by larsIU
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Posted : 05/11/2026 5:29 pm
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C Probert's avatar
(@bar-down)
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@jdb LOL he was an associate.  Funny story at that same time i was in so fla practicing and they all went to flight school down in boynton.  our firm actually represented the bin laden family on shit.  anyway long story short our building kept getting bomb threats.  we'd have to evacuate and stand out side.  hundreds and hundreds of people.  anyway one day we were all out there and i was in a trance looking at the building and said:  come on.  blow up.  bunch of people bust out laughing.  didn't really sit well with my bosses tho


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Posted : 05/11/2026 5:36 pm
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