Posts Tagged ‘Legal’
Why the UK’s strong regulatory reputation can accelerate AI adoption
With its strong reputation for high-quality regulators and a strong approach to the rule of law, the UK is in a good position to benefit from AI development.
Read MoreLaw firms under pressure from KYC to truly know clients
With the pressure lawyers are put under from KYC to truly know their clients — not just tick-boxing — they need support.
Read MoreHow law firms are merging Initial Due Diligence into onboarding with Xapien
Law firms choose Xapien as an onboarding mechanism, either at the beginning or end of their onboarding process to get an upfront view of a client’s risk profile, which once took analysts hours.
Read MoreWhy your due diligence reports are falling short
Due diligence should be done before entering any business relationship. Whether it’s a potential investment, client, donor, or partner. However, many organisations leave it until last with a basic database check and a quick online search.
Read MoreHow law firms use Xapien for Initial Due Diligence in client onboarding
A common challenge we often hear from legal clients is conducting thorough due diligence on all their clients and demonstrating this compliance to the regulator.
Read More9 AI background research use cases | Updated for 2024
Regardless of your industry, the question is no longer whether you need AI… but how to use it. From scrutinising potential partners and suppliers to ensuring compliance with regulations, AI has become an indispensable time-saving and cost-reducing tool.
Read MoreLaw firm buyer’s guide to compliance tools
Key takeaways When looking at a new compliance solution for your process, there are a couple of key elements that play into a buyer’s mindset. First and foremost is resource constraint. It’s looking at the existing technology stack and it’s ensuring that there’s a way to bring together all of those different elements. Xapien is…
Read MoreConflicts challenges facing law firms in 2024, and how to solve them
Undeclared conflicts of interest open the door to lawsuits, disqualified court cases, and fines. In 2023, a known city firm was ordered to pay a six-figure sum back to a former client as it had breached its duties.
Read More20 questions to ask: Law firm buyers guide to compliance tools
Onboarding new clients is where compliance teams put their knowledge into action.
Read MoreSRA Risk Outlook report: Familiarity is key to AI adoption in law firms
In November 2023, the Solicitors Regulation Authority (SRA) published their Risk Outlook report on the use of artificial intelligence in the legal market.
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