IMHO the early part of AI will be the reduction in the number of entry level jobs.  We're *always* going to need the true experts in the field - but it's the graduate jobs (often little more than bag carriers and paper pushers) which will get hurt the most

What the long-term impact (both to University education and) to the industry is - who knows.  

After all you only become an expert in the field by serving your time - don't you (or has the pupillage / junior lawyer already served it's time)?