The Economic Crime and Corporate Transparency Act (ECCTA) is reshaping the regulatory landscape for law firms, increasing responsibilities to combat economic crime, particularly fraud, and enhance corporate governance. As part of these reforms, the Act seeks to bring greater transparency and reliability to corporate structures, both within the U.K. and internationally.

Join us for this webinar featuring Bruno Edenogie, Head of EU Compliance and Data Protection Officer at Orrick. We explore how to navigate global and local compliance standards and the complexities of building effective anti-money laundering (AML) programs. While we discuss the challenges of managing AML compliance across different jurisdictions, our Head of Legal Professionals, Nick Morgan, shares practical strategies for implementing AI technology. Nick explains how AI helps teams access broader and more nuanced data, leading to deeper insights into a client’s overall risk profile. By using AI effectively, firms can balance their approach—avoiding both over-scrutiny that wastes resources and under-scrutiny that exposes them to regulatory risks. This balanced approach is key to managing compliance across international jurisdictions.

This session covers how compliance teams can improve their relationship with fee-earners while strengthening risk assessments. Our guest speakers talk about using a mix of technology and traditional methods, like client risk assessment forms that promote deeper thinking beyond simple checkboxes. The session also highlights the importance of open-source research, enabling compliance and fee-earners to look at a client’s risk profile in full context. It’s not just about what you know about them; it’s about what the rest of the world knows about them. Complete the form to learn more about Xapien. 

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.

One year after OpenAI’s launch of ChatGPT, legal innovators KaurMaxwell will share their insights in a live case study on how they’ve begun experimenting with AI in their practice and practice management. Founder and CEO, Mandeep Kaur Virdee, and our Head of Legal Professionals, Nick Morgan, will share examples of generative AI technologies applied to legal services from due diligence to litigation, its successes and failures, and what’s next for generative AI in legal services.

Zoe-Allen Robinson from Charles Russell Speechlys explains why onboarding a new client hinges on having the full picture. While they might pass as low-risk today, that profile could change in the future. Having the right technology tools from the start is key to getting a comprehensive view of their background, activities, and reputation. Lawyers also have to cut through lots of information, but AI can help by drawing out connections that they might miss. When adopting an AI tool, though, it’s crucial to understand where it collects information from, how it collects that information, and the sources of that information. Keep watching for more on adopting AI in your workflows.