Apollo’s Kleinman Says AI to Come for Professional Services Next

Professional services, including law firms, accountancies and consulting firms, are likely to be the next sector to face disruption from artificial intelligence, according to Apollo Global Management Inc.’s co-president, Scott Kleinman.

Investors have had their worries focused on the software sector, and the extent to which AI will upend these businesses. But going forward, buyout shops should be looking at investments in professional services, Kleinman said on a panel at the SuperReturn conference in Berlin on Wednesday.

“Apologies to the lawyers, accountants, consultants in the room, but I do think that’s a place where you’re going to see ...