AI in legal services series: Risk management of AI

Sixty percent of large law firms are looking into AI. However, there are still concerns about safe usage and ethical compliance. Data security is a big issue; firms need to understand regulations and ensure clients give informed consent regarding their data, as many have specific hosting requirements. It's also important for law firms to follow strict security protocols when integrating new AI tools. Our guest speakers emphasise why we shouldn’t rely too much on AI since it can’t replace human insight and ethical judgment. Instead, lawyers should use AI to improve efficiency but remain responsible for making nuanced decisions based on their expertise and client relationships. With the right safeguards, firms can use AI without compromising client privacy or reputation.