Though it may seem like centuries ago, it was only November 2022 when the launch of ChatGPT made harnessing AI a central focus of the corporate world.
Ever since, law departments of all sizes and in all industries have been tasked with adopting the technology and realizing the benefits it can provide.
In financial services in particular, there are myriad potential upsides for law departments.
But as with any new technology, there is an apprehensiveness surrounding the risks of bringing it on. There’s also a lack of awareness about all that it can accomplish.
In this white paper presented with our friends at Relativity, we explore seven challenges to tech adoption faced by in-house law departments, particularly in the financial services industry.
We also look at some steps lawyers should consider to move toward their desired outcomes.
