Anthropic's latest AI tool was seen by the legal software industry as a 'shot across the bow.' Here's what it means.

Anthropic CEO Dario Amodei

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• Anthropic is taking a bite out of the legal software market with a new AI tool.
• That sent legal software stocks tumbling. Thomson Reuters and RLEX lost about 20% in recent days.
• Business Insider asked industry insiders what Anthropic's latest tool means for legal tech.

A new tool from Anthropic is stoking debate over whether AI will replace existing software that has dominated the legal sector for years.