Millions if not billions of agreements are made every day without the involvement of lawyers. Lawyers are only needed for particularly complex situations and even there they are generally only "needed" in the sense that parties feel they would add value.

Yeah, and you can already get fill in the blank legal forms for a lot of basic situations, including leases, wills, employment agreements, etc.

The interesting question is whether AI can fill a niche these can’t — or, alternatively, help a layperson evaluate a contract they’re asked to sign better than they could themselves.