Generative artificial intelligence (AI) is a rapidly evolving technology that has the potential to revolutionize the legal profession. In an ideal world, generative AI will free up lawyers to focus on more complex and strategic work by automating many of their less sophisticated, more repetitive tasks. This can lead to increased efficiency, productivity and profitability for law firms. In the short term, however, it carries significant risks if not used judiciously. Artificial intelligence won't replace lawyers, but lawyers who don't learn how to responsibly leverage the power of AI will be replaced by those who do.