AI has dominated the ILTA conversation since 2021. Over half of the educational seminars this year were centered on AI, and almost all legal tools and services were either AI focused or AI powered. In addition to what was mentioned above, AI is also heavily utilized in the industry for drafting and outlining new documents or finding and reviewing existing documents/data.
When an AI acts beyond its intended limits, you’ve got what’s referred to as an AI containment problem. Strong information governance protects law firms from the risks – whether of legal liability, financial loss, negative publicity, or client trust erosion – associated with poor AI containment. Information governance requires classifying and then segmenting data so that proper role-based control can be exerted to ensure the right people are accessing the right data at the right time. For law firms, this typically centers and aligns with who can bill to which matters. Therefore, in order to make effective use of AI, we need to consider point 3.
Billing systems need to integrate closely with matter management, and matter management with document management. Information governance can then be applied through correct data segmentation and compliance rules. This, in turn, will extend safe avenues to the implementation of AI.
A phased approach is recommended, starting with deployment to internal or non-client facing operational teams, then client matter teams, and finally external parties.
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