The power of convergence: Harnessing AI and IG for legal excellence – Part II
Chris Giles
Welcome to Part II of our exploration into the intersection of Information Governance (IG) and Artif(...)
The Power of Convergence: Harnessing AI and IG for Legal Excellence – Part I
Chris Giles
Our technological landscape is changing. The combination of information governance (IG) and artifici(...)
Welcome to Part II of our exploration into the intersection of Information Governance (IG) and Artificial Intelligence (AI) in today's legal landscape. In Part I, we established the foundational importance of IG as the bedrock upon which AI's transformative potential is built within law firms. We discussed how having accurate and easily accessible data is essential for utilising AI technologies effectively, helping firms work more efficiently, adhere to strict legal regulations, and maintain a competitive edge.
Our technological landscape is changing. The combination of information governance (IG) and artificial intelligence (AI) is a turning point for improving operational performance, handling risk, and encouraging innovation. As legal practices face the growing complexity of data management, adopting clear and thorough IG strategies is crucial. IG, which includes various policies, methods, and technologies for managing and protecting information, sets the stage for using AI effectively. Integrating AI provides opportunities to improve efficiency, make better decisions, and automate routine tasks. However, combining AI and IG comes with its own challenges, requiring a careful balance between embracing innovation and following regulations. This discussion will explore the relationship between IG and AI within legal firms, emphasising the need for a well-planned strategy to use their combined benefits while reducing risks.
In our first article, we outlined the significance of data minimisation for law firms, especially as they transition to electronic and cloud-based document management systems. We covered the definition and principles of data minimisation, the challenges of moving to cloud environments, and the importance of minimising data prior to migration to streamline processes and reduce risks. We touched on the benefits for law firms such as reduced storage costs and enhanced cybersecurity. We concluded Part 1 emphasising the strategic advantages of data minimisation in cost reduction, security enhancement, and compliance, urging law firms to prioritise these practices in their digital transformation efforts.
While technology and new compliance regulations are growing at an alarming rate, legal services face the challenge of handling data, particularly with the shift towards online and cloud-based systems for document management. The increase in the amount of data brings more responsibility in managing the costs of storage and data transfer, as well as protecting the confidentiality of client information against unauthorised access. This article, the first in a series, looks at data minimisation as a strategy for managing data, focusing on keeping only what is necessary for valid legal reasons.
Engaging stakeholders with effective tactics
In part 1 of our series on building a business case, Chris Giles provided the framework for building a business case that will resonate with organisational leaders and secure the support and resources to launch initiatives that will propel the organisation forward. In part 2 of our series, Antony Wells explores the methodology and the art of communicating the message.
Generative AI can be a powerful tool for automating routine yet important tasks, allowing corporate attorneys to focus on more value-added work, like practicing law. However, concerns linger about the accuracy and reliability of generative AI output and the technology’s ability to effectively maintain data privacy and security. These concerns are being addressed head on, with both government action and various industry initiatives defining necessary guardrails for this rapidly evolving innovation.
Engaging stakeholders with effective tactics – Part 1
Headlines today are frequently dominated by data breaches and news of additional rules and regulations governing the management and use of information. As a result, organisations find themselves at a crucial juncture, facing both significant risks and opportunities. The scope of information governance has transitioned from being a side task to becoming a central focal point.
Where are things headed with AI in the coming year? What trends should legal IT professionals be aware of if they hope to obtain the best results with this technology? From whether it’s wise to continue dabbling with in-house AI experiments, to determining if “move fast and break things” is the best approach for something as complex as artificial intelligence, there’s much for legal IT professionals to pay attention to and be aware of in this ever-evolving environment.
Leaving Yesterday’s Benchmarks in the Dust
The first thing to be aware of is that the technology is advancing very quickly – and even as it becomes more powerful, it increasingly becomes more accessible to end users.
As trusted advisors to law firms around the globe, we're often asked about the latest trends in legal tech and how firms can make the most of new opportunities. In this guest article, we aim to help legal professionals stay ahead of the game by providing expert insights on emerging document and email technology trends in 2024.
Law firms are looking at legal matter resourcing and work allocation strategies in a new light. They’re adopting data-centric strategies to invest in their associates, creating a ripple effect that also fuels partner success and client satisfaction.
This win-win-win approach leverages the interconnectedness of associate career development, targeted partner support, and client satisfaction to secure your firm’s position in the increasingly competitive legal landscape.
Coming into 2023, who would have thought that generative AI will cause such a frenzy globally. After all, not only has AI been on the horizon for a long time, but it has already been in use, even though it might be invisible to us as end users. And perhaps therein lies the difference between AI and generative AI – the latter uses natural (i.e., human) language processing, making the technology supremely accessible to everyone. Hence, it’s popularity and the widespread embrace of ChatGPT.
Copyright © 2023 Legal IT Professionals. All Rights Reserved.
We offer organizers of legal IT seminars, events and conferences a unique marketing and promotion opportunity. Legal IT Professionals has been selected official media partner for many events.
