Slaughter and May partners discuss how they are exploring AI for risk and complaince and, more broadly, how the firm views innovation.
The article correctly identifies three digital culture deficiencies: 1) functional department silos, 2) a fear of taking risks, and 3) a difficulty in forming and acting on a single view of the customer. Sound familiar?
An interesting discussion of ways law firms should start to think about and measure profitability (look at matter margin on a per partner hour basis).
The exposure of a bank's customer data was caused by a lawyer reviewing documents during the eDiscovery process. The incident highlights the dangers associated with the use of augmented technology and the need for appropriate and regular training.