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Safeguarding Your Law Firm: Why AI Policies Are Essential for Legal Practices
Artificial intelligence is no longer a futuristic idea for law firms; it is a rapidly evolving reality reshaping the way practices operate, offering law firms opportunities for greater efficiency, enhanced research capabilities and improved client service. However, as AI’s role in legal work expands, firms must adopt well-defined AI policies to protect client confidentiality, mitigate risks and ensure ethical compliance. Without a structured AI framework, law firms expose themselves to security breaches, malpractice risks and reputational damage.
The Risks of Operating Without An AI Policy
AI tools can streamline workflows, but if used without proper oversight, they present significant risks. Law firms must recognize that AI-generated content is only as reliable as the data and models it is based on. Some of the primary concerns include:
Breach of Client Privilege
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.