This feels what parallel to today's discussions around SEO too, where people will scream that "SEO is dead" and "I can do my own SEO in 5 minutes"... yes, it is true that you can run a 2020-era SEO strategy in 5 minutes. However, a proper 2026 SEO strategy will take you just as long as 2020 SEO used to take you in 2020 because the baseline/"goal posts" for SEO have shifted.
Expect the same thing to happen to lawyers; reviewing a contract is now 15 minutes worth of work instead of 3 hours; but that means that you can review this + that + the other contract + also go through a bunch of similar cases and look for loopholes - all in the span of 1 hour. This allows you to give your client better advice in the same number hours spent. Nothing actually changes in your business model (unless you're billing token costs separately; then maybe you have some extra bonus charges; but that seems like it'd be unpopular with clients, so probably wouldn't stick)