Anthropic Crashes Legal Stocks with New Plugin

On February 3–4, 2026, markets reacted with a panic sell-off of shares in the LegalTech and consulting sectors. The trigger was Anthropic's release of Claude Cowork with plugins for automating legal processes (contract review, compliance).

Investors realized that what armies of junior lawyers did yesterday, an agent now does in seconds. This is the "Uber moment" for the professional services market. Traditional data and software vendors are losing capitalization as AI agents destroy their "per-seat" licensing model.

Source: Reuters / Financial Times