Five Things Lawyers Need to Know About AI

Behind all the hype, AI is an early-stage, high-risk technology that creates complex grounds for discrimination while also posing privacy, security, and other liability concerns. Given recent EU proposals and FTC guidance, AI is fast becoming a major topic of concern for lawyers. Because AI has the potential to transform industries and entire markets, those at the cutting edge of legal practice are naturally bullish about the opportunity to help their clients capture its economic value. Yet to act effectively as counsel, lawyers must also be vigilant of the very real challenges of AI. Lawyers are trained to respond to risks that threaten the market position or operating capital of their clients. However, when it comes to AI, it can be difficult for lawyers to provide the best guidance without some basic technical knowledge. This article shares some key insights from our shared experiences to help lawyers feel more at ease responding to AI questions when they arise.