We've spent years reducing old debt and modernizing our application and processes. The places where we've made that investment are where we are currently seeing the additional acceleration. The places where we haven't are still stuck in the mud, but per your "search engine for a codebase" comment our engineers are starting to engage with systems they would not have previously touched.
There are areas for sure where LLMs would fall down. That's where we need the experts to guide them and restructure the project so that it is LLM friendly (which also just happens to be the same things that make the app better for human engineers).
And I'm serious about the quality comment. Maybe there's a difference in how your team is using the tools, but I have individuals on my team who are learning to leverage the tools to create better outputs, not just pump out features faster.
I'm not saying LLMs solve everything, FAR from it. But it's giving a master weapon to an experienced warrior.
You said that you're restructuring the project to be LLM friendly, which also makes the app better for humans. I 100% agree with this. Code that is unreadable and unmaintainable for humans is much more difficult for AI to understand. I think companies that practiced or prioritized code hygiene will be ahead of the game when it comes to getting good results with agentic AI.