AI Junior Lawyer Bot Shakes Software Industry: ANTHC, CLD

[Para 1: The Lead] AI-powered productivity plugin from Anthropic, launching its Claude chatbot as a junior law chatbot, automates contract reviews and legal briefings, prompting market volatility. Shares of RELX (LON: REL), Sage (LON: SAGE), Pearson (LON: PEAR), and London Stock Exchange Group (LON: LSE) drop significantly. [Para 2-3: Supporting details & Context] Anthropic's tool, designed to assist legal workflows without providing legal advice, has triggered investors' concerns about AI undercutting traditional software developers. RELX's share price plummets 16% on Tuesday, while Sage and Pearson see 7.7% and 7.9% drops, respectively. London Stock Exchange Group's stock falls over 12%. This follows months of declines at European software companies, with fears of AI's impact on the job market and productivity gains leading to layoffs. According to Morgan Stanley, the UK has experienced more job losses to AI than most countries, with an 8% net job loss over the past year.