Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade what assessment he has made of the potential impact of artificial intelligence on availability of jobs in the (a) legal and (b) financial sectors; and what steps he is taking to support workers transitioning to new roles.

In November 2023, the Department for Education published a report showing the impact of artificial intelligence (AI) on areas within the UK labour market and education The impact of AI on UK jobs and training - GOV.UK. The report noted that professional occupations are more exposed to AI, particularly those associated with more clerical work and across finance, law and business management roles.

The government is committed to ensuring both learners and employers have access to crucial digital and artificial intelligence skills that have the potential to increase productivity and create new high value jobs in the UK economy. To achieve this, the government is reforming the skills system. The government has established Skills England to form a coherent national picture of skills gaps and to help shape the technical education system so that it is responsive to skills needs.

AI has the potential to bring significant benefits to legal professionals by automating routine work, allowing them to focus on matters of higher value and interest. AI and lawtech is also creating new jobs within the profession, such as legal technologists and tech developers.

Supporting the safe adoption of AI in legal services is essential to ensuring the sector remains world leading. The Ministry of Justice does this via LawtechUK, a grant funded industry led programme created to support the development of lawtech. Across the past year LawtechUK has hosted a series on Generative AI, brining experts in law, technology, and regulation to explore the benefits of AI and how to mitigate any risks.