European legal, data, and publishing stocks came under pressure this week after Anthropic launched a legal productivity tool aimed at in-house teams, prompting renewed scrutiny of how exposed the sector may be as general-purpose AI tools advance.
Several London-listed companies saw sharp declines, with Relx falling close to 11 per cent and Pearson down around four per cent. London Stock Exchange Group and Experian were both down more than seven per cent, while Wolters Kluwer fell almost nine per cent in Amsterdam.
Anthropic has stressed that its software will not provide legal advice and that outputs should be reviewed by qualified professionals. The tool is designed to automate tasks including contract review, NDA triage, compliance checks, and straightforward legal responses.
The sell-off comes amid wider economic concerns around AI adoption. Research from Morgan Stanley suggested the UK is already losing more jobs than it is creating as AI use accelerates, with professional services among the most exposed sectors. London mayor Sadiq Khan has warned that white-collar roles in law, finance, and marketing sit “at the sharpest edge of change”.
Source: City AM – https://www.cityam.com/anthropics-new-ai-legal-tool-wipes-billions-off-european-data-stocks/
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