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This is (will be) the real damage... the disruption of the intern→apprentice→intermediate→journeyman→senior software dev/architect pipeline. I mean, companies in general have always tried to shirk their duty (IMO) to take on mentoring, always pushing educational institutions to give them raw meat who can 'hit the ground running'; "AI" now gives them a new way to avoid in-house training and long-term commitment to their current and no-longer future employees.
The law field is already facing this. They took on many specialized tools to replace clerks and people hired to search case law. The people normally hired to do that work were the future lawyers hired by those very firms. The total pool of candidates to hire from shrunk and now they're having to fight over the reduced quality of candidates to keep many of the firms afloat.
Fewer trainees == fewer qualified hires in the future (duh).
It's back to a Tragedy of the Commons all over again. With all firms hiring and training lots of young lawyers, there were plenty of people to hire in the future. Then, each firm stopped training as many themselves to save money and get a personal advantage, which leads to a smaller future pool to work with for everyone. Rinse, wash, repeat across the industry and now there's a crisis.
This actually opens up an opportunity for law firms who want to mentor lawyers all the way up from new-grad. As they will not experience the lawyer shortage as they-themselves trained them. You can even reach into the pre-grad pool by giving paid internships, then giving interns you like offer letters contingent on them graduating the following year.