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Simon (1965) The intersection of artificial intelligence and legal services has led to transformative changes in how lawfirms operate. Evaluate the technological sophistication of AI tools and their compatibility with the existing IT infrastructure of your lawfirm.
ContractPodAi : ContractPodAi uses AI to streamline legal contract management, improving efficiency, compliance, and risk reduction. FTI Technology : FTI Technology leverages AI and expertise to provide tailored contract management solutions, ensuring efficiency, compliance, and riskmitigation.
Risk Management: A fractional CLO or CCO can conduct a thorough risk assessment of your business operations, identifying potential legal and compliance risks. They can then advise on riskmitigation strategies to protect your business from legal liabilities.
This made A&O Shearman the first lawfirm globally to collaborate with Microsoft to develop an AI tool. Additionally, David leads the firm’s AI advisory practice. To help prevent this, organisations need to develop and implement responsible AI governance and have riskmitigation tools at their disposal.
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