<?xml version="1.0" encoding="utf-8"?><rss xmlns:a10="http://www.w3.org/2005/Atom" version="2.0"><channel><title>UUÂãÁÄÖ±²¥</title><link>/blog/</link><description /><category>Future of Law</category><category>Research &amp; legal analysis</category><category>Students</category><category>In-house</category><category>Events</category><category>News</category><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:link rel="self" type="application/rss+xml" href="/blog/feeds/lexisnexis" /><item><guid isPermaLink="false">urn:uuid:579800a5-e0bc-44b2-a364-e2ff5f7eaf25</guid><link>/blog/research-legal-analysis/ai-in-arbitration-catalyst-for-efficiency-or-hidden-peril-to-our-core-values</link><category>Research &amp; legal analysis</category><title>AI in Arbitration: Catalyst for Efficiency or Hidden Peril to Our Core Values?</title><description>In an era poised for transformation, AI stands on the cusp of revolutionising arbitration – promising unparalleled efficiency but also underpinned by significant risks at times. How can we best harness the potential of this emerging superpower whilst being cognisant of all the challenges it may pose? What are our genuine expectations from this digital ally? These pivotal questions framed the dynamic panel session AI in arbitration held at the ICC United Kingdom Arbitration &amp; ADR conference on 24 October 2024.The panel consisted of Guy Pendell, Partner, CMS and Chair, ICC United Kingdom Arbitration &amp; ADR Committee (acting as the moderator); Joseph Otoo, Senior Legal Counsel, Associate Director, Arup; Monica Crespo, Head of Product, Jus Mundi; Minesh Tanna, Global AI Lead, Partner, Simmons &amp; Simmons; and Stephen Dowling, Senior Counsel and Founder, TrialView.The panel of experts unveiled AI tools that are reshaping hearing preparation and evidence management – think smart tech that predicts outcomes and flags discrepancies before they escalate. Welcome to the present (and future) of arbitration!The Three Pillars of AIThe consensus was unmistakable: AI delivers efficiency and adaptability, yet begs us to consider the implications on accuracy, transparency and reliability. As we lean into this brave new world, how do we address a chilling concern: AI’s voracious data appetite threatens confidentiality. Are we unwittingly compromising sensitive information?Accountability and Consent The dialogue heated as the panel tackled the appealability of AI-generated outputs. With ‘hallucinate</description><pubDate>Mon, 11 Nov 2024 16:50:47 Z</pubDate><a10:content type="text">&lt;p&gt;In an era poised for transformation, AI stands on the cusp of revolutionising arbitration &amp;ndash; promising unparalleled efficiency but also underpinned by significant risks at times. How can we best harness the potential of this emerging superpower whilst being cognisant of all the challenges it may pose? What are our genuine expectations from this digital ally? &lt;/p&gt;&lt;p&gt;These pivotal questions framed the dynamic panel session &lt;strong&gt;&lt;em&gt;AI in arbitration&lt;/em&gt;&lt;/strong&gt; held at the ICC United Kingdom Arbitration &amp;amp; ADR conference on 24 October 2024.&lt;strong&gt;&lt;em&gt;&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;The panel consisted of &lt;em&gt;Guy Pendell&lt;/em&gt;, Partner,&amp;nbsp;CMS&amp;nbsp;and Chair,&amp;nbsp;ICC United Kingdom Arbitration &amp;amp; ADR Committee (acting as the moderator); &lt;em&gt;Joseph Otoo&lt;/em&gt;, Senior Legal Counsel, Associate Director,&amp;nbsp;Arup; &lt;em&gt;Monica Crespo&lt;/em&gt;, Head of Product,&amp;nbsp;Jus Mundi; &lt;em&gt;Minesh Tanna&lt;/em&gt;, Global AI Lead, Partner,&amp;nbsp;Simmons &amp;amp; Simmons; and &lt;em&gt;Stephen Dowling&lt;/em&gt;, Senior Counsel and Founder,&amp;nbsp;TrialView.&lt;/p&gt;&lt;p&gt;The panel of experts unveiled AI tools that are reshaping hearing preparation and evidence management &amp;ndash; think smart tech that predicts outcomes and flags discrepancies before they escalate. Welcome to the present (and future) of arbitration!&lt;/p&gt;&lt;p&gt;&lt;strong&gt;The Three Pillars of AI&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;The consensus was unmistakable: AI delivers efficiency and adaptability, yet begs us to consider the implications on accuracy, transparency and reliability. As we lean into this brave new world, how do we address a chilling concern: AI&amp;rsquo;s voracious data appetite threatens confidentiality. Are we unwittingly compromising sensitive information?&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Accountability and Consent &lt;/strong&gt;&lt;strong&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;The dialogue heated as the panel tackled the appealability of AI-generated outputs. With &amp;lsquo;hallucinate&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/generative_ai_opportunity_threat_or_both.tmb-rssthumbna.png?sfvrsn=f482478b_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:30131dbb-bfd0-45b6-a313-605891a4aa6e</guid><link>/blog/in-house/becoming-a-non-executive-director-key-skills-and-practical-tips</link><category>In-house</category><title>Becoming a Non-Executive Director: Key Skills and Practical Tips</title><description>UUÂãÁÄÖ±²¥â€™s in-house Senior Counsel session in October featured KPMG qualified Fellow Chartered Accountant Jerry Harris, CEO of Dynamic Boards Sarah Pierman, and property and finance markets expert Martin Gunson, all sharing their insights on key skills and practical tips on becoming and excelling as a Non-Executive Director.</description><pubDate>Fri, 08 Nov 2024 16:24:00 Z</pubDate><a10:content type="text"></a10:content><media:content url="/blog/images/default-source/loan-ranger/gettyimages1-694855060.tmb-rssthumbna.jpg?sfvrsn=600a76bf_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:5836fe29-3991-4254-ad29-cac6c3e3ffbe</guid><link>/blog/future-of-law/weighing-the-pros-cons-of-ai-for-lawyers</link><category>Future of Law</category><title>AI in the law: the benefits, risks and human oversight</title><description>Much is spoken about the risks and rewards of AI in the practice of the law. We look at the data and leading opinions.</description><pubDate>Wed, 23 Oct 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;div&gt;The rapid adoption of artificial intelligence (AI) in the legal sector has ushered in a new era of efficiency and innovation. However, as with any transformative technology, there are inherent risks that must be carefully navigated. This blog explores the potential risks associated with AI in the legal profession, while also highlighting the significant benefits and strategies for mitigating risks through human oversight and responsible implementation.&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:var(--font-size-h4);font-weight:bold;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;h4&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:var(--font-size-h4);font-weight:bold;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;Mitigating the risks of AI&lt;/span&gt;&lt;br&gt;&lt;/h4&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;While AI offers numerous advantages, it is crucial to address the potential risks and concerns that accompany its use in the legal field. One of the primary concerns is the risk of inaccurate or fabricated information, also known as "hallucinations." As the survey revealed, three-quarters (76%) of UK legal professionals are concerned about this issue when using public-access generative AI platforms.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="/legal/guidance/how-to-manage-the-risks-of-artificial-intelligence-in-your-business" data-sf-ec-immutable=""&gt;How to manage the risks of AI in your business&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;"The most important element of our approach, however, is the 'lawyer in the loop' principle and human centered legal AI," says Gerrit Beckhaus, Partner and Co-head of the Freshfields Lab at Freshfields Bruckhaus Deringer. &lt;/p&gt;&lt;p&gt;&lt;a href="/legal/guidance/can-the-use-of-generative-ai-lead-to-trade-mark-infringement-what-steps-can-brand-owners-take-to" target="_blank" data-sf-ec-immutable=""&gt;Can the use of generative AI lead to trade mark infringement?&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;Dr. Katy Peters, Law Lecturer and Programme Lead for LLM in Professional Legal Practice from the University of Surrey, emphasises the importance of human oversight: &lt;/p&gt;&lt;p&gt;"Whilst it may no longer be necessary to spend hours in a library or searching an online database, it will still be necessary to create appropriate prompts, review responses, adapt templates and challenge discrepancies." &lt;/p&gt;&lt;p&gt;&lt;a href="/legal/guidance/artificial-intelligence-explainability" target="_blank" data-sf-ec-immutable=""&gt;I want to learn about AI and the need for explainability&lt;/a&gt; &lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;To address these concerns, the survey found that three-quarters (72%) of lawyers would feel more confident using a generative AI tool grounded in legal content sources with linked citations to ve&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-pixabay-248747.tmb-rssthumbna.jpg?sfvrsn=4c66d204_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:f209902e-957a-4744-8f04-6fca4e0ce7a2</guid><link>/blog/research-legal-analysis/prime-finance-london-conference-october-2024</link><category>Research &amp; legal analysis</category><title>P.R.I.M.E. FINANCE London Conference October 2024!</title><description>By Nina Hall LLB and Dr Gustavo Moser of UUÂãÁÄÖ±²¥ Arbitration TeamOver 100 P.R.I.M.E. Finance Experts, banking finance lawyers and international arbitration specialists gathered in London for the annual P.R.I.M.E. Finance conference, hosted by Linklaters.The day opened with a well received speech by Mr Justice Henshaw, the latest member of the judiciary to take over the running of the London Commercial Court. Financial transactions dispute jurisprudence adds to the body of common law, with judicial rulings
    on mis-statements, reliance and the role of the regulatory bodies governing financial transactions playing their part in shaping the rule of law. Henshaw J discussed recent case law as well as commentary on the outlook for banking litigation expertly
    moderated by Mr Bob Pickel, chair of P.R.I.M.E. Finance.Rick Grove, member of the P.R.I.M.E Finance Management Board, CEO of Rutter Associates, New York and a Finance Expert with P.R.I.M.E. moderated the next session: Market Developments and Geo-political Tensions: Potential Sources for Disputes. The attendees heard from Dr Nigel Gould-Davies[1] who identified a current retraction from the past 40 years globalisation trend towards retraction of state participation in global industry as a minor participant,
    with many sovereigns reverting to national ownership models, with attendant asset ‘grabbing’ on sovereign lines. Dr Sharon Brown-Hruska[2] commented that amongst the obvious tensions of war, the impact of the Chinese economy slowing down in recent years on globalisation had yet to be felt. Franck Risler
    [3]
  observed that not surprisingly these trends had resulted in a growing marketplace for private credit.A lively and timely debate on the role of Ethics in the financial industry moderated by Habib Motani of Clifford Chance accompanied by Helen Fletcher, General Counsel at BNP Paribas left the audience with key  takeaways  about the continued role of lawyers to consider their own professional duties – over and above contracts of employment where in-house or as advisers, as well as</description><pubDate>Tue, 22 Oct 2024 14:40:41 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;p&gt;&lt;strong&gt;By Nina Hall LLB and Dr Gustavo Moser of UUÂãÁÄÖ±²¥ Arbitration Team&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;Over 100 P.R.I.M.E.&amp;nbsp;Finance Experts, banking finance lawyers and international arbitration specialists gathered in London for the annual P.R.I.M.E.&amp;nbsp;Finance conference, hosted by Linklaters.&lt;/p&gt;&lt;/div&gt;&lt;p&gt;The day opened with a well received speech by Mr Justice Henshaw, the latest member of the judiciary to take over the running of the London Commercial Court. Financial transactions dispute jurisprudence adds to the body of common law, with judicial rulings
    on mis-statements, reliance and the role of the regulatory bodies governing financial transactions playing their part in shaping the rule of law. Henshaw J discussed recent case law as well as commentary on the outlook for banking litigation expertly
    moderated by Mr Bob Pickel, chair of P.R.I.M.E.&amp;nbsp;Finance.&lt;/p&gt;&lt;p&gt;Rick Grove, member of the P.R.I.M.E&amp;nbsp;Finance Management Board, CEO of Rutter Associates, New York and a Finance Expert with P.R.I.M.E.&amp;nbsp;moderated the next session:&amp;nbsp;&lt;em&gt;Market Developments and Geo-political Tensions: Potential Sources for Disputes.&amp;nbsp;&lt;/em&gt;The attendees heard from Dr Nigel Gould-Davies&lt;a href="file:///C:/Users/stevensa/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/HPRYX5ZI/DY_PRIME%20FINANCE%20LONDON%20conference%202024%20(002)%20rev%20gm%20091024%20final%20nh%20(AS)%20gm%20101024%20nh.docx#_ftn1" name="_ftnref1" title="" data-sf-ec-immutable=""&gt;&lt;sup&gt;&lt;sup&gt;[1]&lt;/sup&gt;&lt;/sup&gt;&lt;/a&gt;&amp;nbsp;who identified a current retraction from the past 40 years globalisation trend towards retraction of state participation in global industry as a minor participant,
    with many sovereigns reverting to national ownership models, with attendant asset &amp;lsquo;grabbing&amp;rsquo; on sovereign lines. Dr Sharon Brown-Hruska&lt;a href="file:///C:/Users/stevensa/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/HPRYX5ZI/DY_PRIME%20FINANCE%20LONDON%20conference%202024%20(002)%20rev%20gm%20091024%20final%20nh%20(AS)%20gm%20101024%20nh.docx#_ftn2" name="_ftnref2" title="" data-sf-ec-immutable=""&gt;&lt;sup&gt;&lt;sup&gt;[2]&lt;/sup&gt;&lt;/sup&gt;&lt;/a&gt;&amp;nbsp;commented that amongst the obvious tensions of war, the impact of the Chinese economy slowing down in recent years on globalisation had yet to be felt. Franck Risler
    &lt;a href="file:///C:/Users/stevensa/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/HPRYX5ZI/DY_PRIME%20FINANCE%20LONDON%20conference%202024%20(002)%20rev%20gm%20091024%20final%20nh%20(AS)%20gm%20101024%20nh.docx#_ftn3" name="_ftnref3" title="" data-sf-ec-immutable=""&gt;&lt;sup&gt;&lt;sup&gt;[3]&lt;/sup&gt;&lt;/sup&gt;
 &lt;/a&gt;&amp;nbsp;observed that not surprisingly these trends had resulted in a growing marketplace for private credit.&lt;/p&gt;&lt;p&gt;A lively and timely debate on the role of&amp;nbsp;&lt;em&gt;Ethics in the financial industry&lt;/em&gt;&amp;nbsp;moderated by Habib Motani of Clifford Chance accompanied by Helen Fletcher, General Counsel at BNP Paribas left the audience with key&amp;nbsp; takeaways &amp;nbsp;about the continued role of lawyers to consider their own professional duties &amp;ndash; over and above contracts of employment where in-house or as advisers, as well as &lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/corporate-law/microsoftteams-image-8.tmb-rssthumbna.png?sfvrsn=fcd262cc_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:20c53dc5-8f68-4ea6-8fd2-f9e5b888f66a</guid><link>/blog/future-of-law/how-to-encourage-your-legal-team-to-pick-up-ai</link><category>Future of Law</category><title>How to encourage your legal team to pick up AI</title><description>Part of investing in AI is proving its commercial value. Here's how to encourage adoption in firms and legal teams.</description><pubDate>Wed, 16 Oct 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;p&gt;AI's potential to streamline legal tasks as resulted in adoption rates jump from 11% (&lt;a href="/research-and-reports/generative-ai-and-the-legal-profession-report.html" target="_blank" data-sf-ec-immutable=""&gt;July 2023 survey&lt;/a&gt;) to 41% (&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;September 2024 survey&lt;/a&gt;) in a little over a year.&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&amp;nbsp;Despite the eagerness, it's now up to the leaders of firms and in-house legal departments to encourage widespread adoption and prove the commercial value of this new technology.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;This blog explores effective strategies to foster AI adoption within the legal community.&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;&lt;h4&gt;&lt;strong&gt;Establishing a top-down approach&lt;/strong&gt;&lt;/h4&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;Encouraging AI adoption requires a top-down approach, where leadership plays a pivotal role in promoting and championing the use of AI tools. As Joe Cohen, the Director of Innovation at Charles Russell Speechlys, emphasises, "We have been encouraging all of our staff to use AI. Senior leadership have done a great job of speaking about their own, often daily, use of it."&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="/legal/precedents/artificial-intelligence-ai-risk-management-board-briefing" data-sf-ec-immutable=""&gt;Artificial intelligence (AI) risk management&amp;mdash;board briefing&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;By leading by example and actively demonstratin&lt;/span&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;g the benefits of AI in their daily workflows, senior leaders can inspire confidence and encourage adoption among their teams. This top-down approach not only sets the tone but also reinforces the firm's or legal team's commitment to embracing innovative technologies.&lt;/span&gt;&lt;br&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;h4&gt;&lt;strong&gt;Comprehensive training and education&lt;/strong&gt;&lt;/h4&gt;&lt;div&gt;Providing comprehensive training and education is crucial to fostering AI adoption among lawyers. As Pawel Lipski, a partner at Bird &amp;amp; Bird, notes, "As generative AI tools become better in research and drafting, it may be very challenging for younger colleagues to get proper training. It will certainly not be the kind of training I had."&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;To address this challenge, law firms and in-house legal teams should develop tailored training programmes that cover the fundamentals of AI technology, its applications in legal practice, and best practices for effective utilisation. These training sessions should be designed to build confidence and equip lawyers wi&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/marc-kleen-rk3_3spcnt4-unsplash.tmb-rssthumbna.jpg?sfvrsn=49225530_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:49c59085-d828-4b25-8699-52c0284fad1d</guid><link>/blog/in-house/becoming-a-non-executive-director-key-skills-practical-tips</link><category>In-house</category><title>Becoming a Non-Executive Director: Key Skills and Practical Tips</title><description>Becoming a Non-Executive Director: Key Skills and Practical TipsThis October, we invite you to join our Senior Counsel session featuring Jerry Harris, a KPMG qualified Fellow Chartered Accountant. He will share his insights on the essential skills and practical tips needed to excel as a Non-Executive Director.After ten years with KPMG, Jerry spent the remainder of his full-time career as a senior board member at major recruitment businesses, including PSD and Quarry Dougal, and served as Managing Director of Reed Employment for six years. Since 2007, he has held multiple NED and Board Adviser positions at various SMEs, including Flex Legal. Additionally, he has been a board member and adviser at four major UK legal recruiters. The panel speakers will include Sarah Pierman who is CEO of Dynamic Boards as well as Martin Gunson who has more than 30 years’ experience of property and re</description><pubDate>Wed, 16 Oct 2024 08:06:25 Z</pubDate><a10:content type="text">&lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Becoming a Non-Executive Director: Key Skills and Practical Tips&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This October, we invite you to join our Senior Counsel session featuring Jerry Harris, a KPMG qualified Fellow Chartered Accountant. He will share his insights on the essential skills and practical tips needed to excel as a Non-Executive Director.&lt;/p&gt;&lt;p&gt;After ten years with KPMG, Jerry spent the remainder of his full-time career as a senior board member at major recruitment businesses, including PSD and Quarry Dougal, and served as Managing Director of Reed Employment for six years. Since 2007, he has held multiple NED and Board Adviser positions at various SMEs, including Flex Legal. Additionally, he has been a board member and adviser at four major UK legal recruiters. The panel speakers will include Sarah Pierman who is CEO of Dynamic Boards as well as Martin Gunson who has more than 30 years&amp;rsquo; experience of property and re&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/sa-1024-1669-1720x5302abe3243-1bf0-4a6f-a5b1-09f22f3e94e8.tmb-rssthumbna.png?sfvrsn=94540be7_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:18236be3-c361-4e5e-8a89-c2e807f1e830</guid><link>/blog/future-of-law/will-ai-change-billing-models-for-law-firms</link><category>Future of Law</category><title>Will AI change billing models for law firms?</title><description>As AI continues to increase efficiency, it is causing many to challenge the suitability of the billable hour.</description><pubDate>Sun, 13 Oct 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;p&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;For decades, the billable hour has been the cornerstone of law firm pricing models. However, AI is challenging this long-standing tradition. As AI streamlines routine tasks and accelerates legal work, the traditional billable hour model may no longer accurately reflect the value delivered to clients.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;span style="background-color:transparent;color:inherit;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;According to a newly published &lt;/span&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable="" style="font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;white-space:inherit;"&gt;UUÂãÁÄÖ±²¥ survey of 800+ UK lawyers&lt;/a&gt;&lt;span style="background-color:transparent;color:inherit;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;, 39% of private practice lawyers now expect to adjust their billing practices due to AI, up from only 18% in January 2024. This shift is driven by the recognition that AI can significantly reduce the time required to complete certain tasks, potentially rendering the billable hour model obsolete for those activities.&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;A General Counsel and Company Secretary at a biotech firm stated, "The billable hour rewards inefficiency. AI removes the excuse of hours spent, so private practice lawyers will have to change the way they measure their contribution."&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;Many firms are exploring alternative pricing models that better align with the value delivered to clients. One such model is value-based billing, which focuses on the outcomes and results achieved rather than the time spent. A law firm partner shared, "AI will push the legal industry towards value-based billing models &lt;/span&gt;&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/james-langley-2on0zttoebw-unsplash.tmb-rssthumbna.jpg?sfvrsn=3950608_3" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:8144326d-3620-406d-9bd4-644b4933a3b9</guid><link>/blog/future-of-law/mitigating-hallucinations-strategies-for-lawyers-to-ensure-accurate-ai-generated-information</link><category>Future of Law</category><title>Hallucinations still the top concern for lawyers using AI</title><description>Despite the increase in adoption, hallucinations are still the top concerns for lawyers using AI. But there are ways to mitigate risk.</description><pubDate>Wed, 09 Oct 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;p&gt;Despite the widespread adoption of artificial intelligence (AI) in the legal sector, concerns about the potential for inaccurate or fabricated information, known as "hallucinations" are still widespread. These hallucinations can pose significant risks, particularly in the legal field where accuracy and reliability are paramount. To mitigate these risks, lawyers must adopt proactive strategies to ensure the integrity of AI-generated information.&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;&lt;h4&gt;&lt;strong&gt;Grounding AI in authoritative legal sources&lt;/strong&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;/h4&gt;&lt;p&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;One of the most effective ways to mitigate hallucinations is to ground AI tools in authoritative legal sources. By leveraging AI systems that are trained on reliable and up-to-date legal databases, such as &lt;a href="/products/lexis-plus-trial.html" target="_blank" data-sf-ec-immutable=""&gt;UUÂãÁÄÖ±²¥' vast repository of accurate and exclusive legal content&lt;/a&gt;, lawyers can significantly reduce the likelihood of encountering fabricated information.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="/insights/fast-law-why-speed-is-the-priority-for-lawyers-using-ai/index.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;Gerrit Beckhaus, Partner and Co-head of the Freshfields Lab at Freshfields Bruckhaus Deringer, emphasises the importance of this approach: "The most important element of our approach, is the 'lawyer in the loop' principle and human centered legal AI."&lt;/p&gt;&lt;p&gt;&lt;a href="/legal/precedents/training-materials-artificial-intelligence-ai-in-the-workplace" data-sf-ec-immutable=""&gt;Train your staff to use AI safely in the workplace. Download our training presentation&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;h4&gt;&lt;strong&gt;Implementing robust verification processes&lt;/strong&gt;&lt;/h4&gt;&lt;p&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;While grounding AI in authoritative sources is a crucial first step, it is equally important to implement robust verification processes. This involves critically evaluating AI-generated information, cross-checking against reliable sources, and challenging any discrepancies or inconsistencies.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;Dr. Katy Peters, Law Lecturer and Programme Lead for LLM in Professional Legal Practice from the University of Surrey, underscores the importance of human oversight: "Whilst it may no longer be necessary to spend hours in a library or searching an online database, it will still be necessary to create appropriate prompts, review responses, adapt templates and challenge discrepancies."&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;te style=""&gt;&lt;/span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;te&gt;&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-mattdvphotography-2555561.tmb-rssthumbna.jpg?sfvrsn=25f5229_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:fb8bb9ec-d483-4da1-afdc-54c74e180e4d</guid><link>/blog/in-house/maintaining-strong-corporate-governance-to-avoid-corporate-scandals</link><category>In-house</category><title>Maintaining strong corporate governance to avoid corporate scandals</title><description>UUÂãÁÄÖ±²¥â€™s September session for in-house senior counsel focussed on key learnings from the Post Office scandal, and how both junior and senior counsel can challenge and engage the right culture to avoid a repeat of corporate scandals</description><pubDate>Tue, 08 Oct 2024 14:57:48 Z</pubDate><a10:content type="text"></a10:content><media:content url="/blog/images/default-source/loan-ranger/gettyimages-637031152.tmb-rssthumbna.jpg?sfvrsn=3c4f3759_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:cc7cdb99-a2d8-44d8-8675-8f463d332371</guid><link>/blog/future-of-law/top-benefits-use-cases-of-ai-for-lawyers</link><category>Future of Law</category><title>Top benefits and use cases of AI for lawyers</title><description>A new survey of UK lawyers highlights the top benefits of AI and the top use cases.</description><pubDate>Sun, 06 Oct 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;The legal profession is witnessing a remarkable surge in the adoption of artificial intelligence (AI) technology. According to a &lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;recent UUÂãÁÄÖ±²¥ survey&lt;/a&gt;, four out of five lawyers (82%) are currently using or have plans to use this cutting-edge technology, signaling a paradigm shift in the industry. This blog explores the top benefits of AI and its key use cases, with a particular focus on legal research and drafting.&lt;a href="/lexis-plus/lexis-plus-ai.html" data-sf-marked="" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="/lexis-plus/lexis-plus-ai.html" data-sf-marked="" target="_blank" data-sf-ec-immutable=""&gt;&lt;em&gt;Find out how AI can speed up legal research and drafting.&lt;/em&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;em&gt;&amp;nbsp;&lt;/em&gt;&lt;/p&gt;&lt;/div&gt;&lt;h4&gt;&lt;strong&gt;Top benefits of AI in legal research and drafting:&lt;/strong&gt;&lt;/h4&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;h4&gt;&lt;strong&gt;1. Accelerated legal research:&lt;/strong&gt;&lt;/h4&gt;&lt;div&gt;&lt;p&gt;AI-powered legal research tools can quickly sift through vast amounts of data, identifying relevant cases, statutes, and legal precedents with unprecedented speed and accuracy. As Gerrit Beckhaus, Partner and Co-head of the Freshfields Lab at Freshfields Bruckhaus Deringer, states, "Generative AI not only retrieves information but contextualises it, connecting disparate pieces of data and our knowledge pool." This not only saves valuable time but also ensures that no critical information is overlooked, leading to more comprehensive and well-informed legal strategies.&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;h4&gt;&lt;strong&gt;2. Efficient document review and analysis:&lt;/strong&gt;&lt;/h4&gt;&lt;div&gt;&lt;p&gt;Traditionally, document review and analysis have been time-consuming and labour-intensive tasks. AI technology can rapidly analyse and extract key information from legal documents, contracts, and case files, enabling lawyers to focus on higher-level tasks and strategic decision-making. According to Bhavisa Patel, Director of Legal Technology at Eversheds Sutherland, "Activities such as legal research, document review, and contract analysis will become simpler and quicker, allowing lawyers to concentrate on complex and strategic work."&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;h4&gt;&lt;strong&gt;3. Enhanced drafting capabilities:&lt;/strong&gt;&lt;/h4&gt;&lt;div&gt;&lt;p&gt;AI-driven drafting tools can assist lawyers in creating accurate and consistent legal documents, such as contracts, pleadings, and briefs. By leveraging natural language processing and machine learning algorithms, these tools can suggest relevant clauses, identify potential inconsistencies, and ensure compliance with legal standards and industry best practices. As a partner at a law firm with 100+ fee-earners shared, "Generative AI is streamlining my legal research and drafting processes, allowing for faster turnaround times and more comprehensive analysis."&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;h4&gt;&lt;st&gt;&lt;/st&gt;&lt;/h4&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-amiroo-hosseini-111837-344544.tmb-rssthumbna.jpg?sfvrsn=acefcf57_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:0cbfdc22-0d32-4392-8976-d47ccb7207e5</guid><link>/blog/future-of-law/firms-hope-ai-will-drive-faster-delivery-of-legal-services</link><category>Future of Law</category><title>Firms hope AI will drive faster delivery of legal services</title><description>AI stirs demand for faster legal service delivery from law firms, but will it reshape pricing models?</description><pubDate>Wed, 02 Oct 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;Clients are increasingly demanding faster and more efficient legal solutions. As a result, the UK legal sector is turning to cutting-edge technology to meet these expectations - most notably, generative AI. &lt;/p&gt;&lt;p&gt;The &lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;recent surge in AI adoption among lawyers&lt;/a&gt; is not only transforming the way legal work is conducted but also paving the way for faster and more streamlined service delivery.&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;h4&gt;&lt;strong&gt;The demand for faster legal services&lt;/strong&gt; &lt;/h4&gt;&lt;div&gt;&lt;p&gt;Clients and internal stakeholders alike are no longer willing to wait for prolonged turnaround times. Whether it's drafting contracts, conducting legal research, or reviewing documents, the need for speed and efficiency has become paramount. This shift in expectations has prompted law firms and in-house legal teams to seek innovative solutions that can accelerate their processes without compromising quality.&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;a href="/legal/guidance/artificial-intelligence-explainability" target="_blank" data-sf-ec-immutable=""&gt;&lt;em&gt;I want to read practice notes on AI and the need for explainability&lt;/em&gt;&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;Enter generative AI, a game-changing technology that has is already revolutionising the legal industry. By leveraging advanced natural language processing and machine learning capabilities, AI tools can streamline routine tasks, freeing up lawyers to focus on more complex and strategic work. From legal research and document analysis to contract drafting and due diligence, AI is proving to be an invaluable asset in delivering faster and more efficient legal services.&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;One of the key advantages of AI adoption is its ability to enhance productivity and accuracy. By automating repetitive and time-consuming tasks, lawyers can significantly reduce the time spent on administrative work, allowing them to focus on higher-value activities that require human expertise and judgment. Additionally, AI-powered tools can quickly identify patterns, inconsistencies, and potential risks, ensuring a more thorough and accurate analysis of legal documents and cases.&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;a href="/legal/precedents/training-materials-artificial-intelligence-ai-in-the-workplace" target="_blank" data-sf-ec-immutable=""&gt;&lt;em&gt;Training materials on AI in the workplace&lt;/em&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;h4&gt;&lt;strong&gt;Competitive advantage through faster delivery&lt;/strong&gt;&lt;/h4&gt;&lt;div&gt;&lt;p&gt;In the competitive legal landscape, the ability to deliver faster and more efficient services can be a significant differentiator. Law firms and in-house legal teams that embrace AI technology are better &lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-kelly-1179532-2618118.tmb-rssthumbna.jpg?sfvrsn=2462807d_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:bda69a25-9650-45a9-b3af-d53f490053a3</guid><link>/blog/future-of-law/mastering-countervailing-measures-protecting-uk-industries-from-subsidised-imports</link><category>Future of Law</category><title>Mastering countervailing measures: Protecting UK industries from subsidised imports</title><description>Here we share a summary of our webinar exploring strategies on how the UK industry may protect itself from subsidised imports entering the UK. This is the second instalment of our three-part webinar series on trade remedies.</description><pubDate>Tue, 01 Oct 2024 07:51:25 Z</pubDate><a10:content type="text">&lt;p&gt;We recently hosted the second instalment of our three-part series on trade remedies. This webinar explored strategies on how the UK industry may protect itself from subsidised imports entering the UK.&lt;/p&gt;&lt;p&gt;The webinar was hosted by Rian Geldenhuys who looks after the UUÂãÁÄÖ±²¥ International Trade content. Two expert panellists, Dr Bregt Natens, counsel in the International Commercial &amp;amp; Trade Practice Group at Baker McKenzie and Raheel Shahid, a solicitor with the UK&amp;rsquo;s Trade Remedies Authority provided key insights in obtaining protection from subsidised imports. &lt;/p&gt;&lt;p&gt;Dr. Natens shared his experience assisting industries in applying for protection against subsidised imports, while Mr. Shahid offered insights into the Trade Remedies Authority's considerations when receiving such applications. The webinar provided a comprehensive understanding of the strategies and processes involved in safeguarding UK industries from unfair trade practices.&lt;/p&gt;&lt;p&gt;You can&amp;nbsp;&lt;a href="https://www.youtube.com/watch?v=ACuoQ0aXvdk&amp;amp;t=28s" target="_blank" data-sf-ec-immutable=""&gt;watch the full webinar here&lt;/a&gt;&amp;nbsp;or read on for the key insights from the session.&lt;strong&gt;&lt;/strong&gt;&lt;/p&gt;&lt;h4&gt;Subsidies involves some investigation&lt;/h4&gt;&lt;p&gt;Unlike in dumping where an applicant would somewhat easily be able to gather the required information to prove dumping, subsidies require further investigation. This is due to the fact that one needs to prove four elements to show that a subsidy does exist namely that:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;It is a financial contribution;&lt;/li&gt;&lt;li&gt;By a government (or entity authorised by government);&lt;/li&gt;&lt;li&gt;Which confer a benefit on the recipient; and&lt;/li&gt;&lt;li&gt;Is specific. &lt;/li&gt;&lt;/ul&gt;&lt;p&gt;To prove the existence of a subsidy, an applicant will have to carry out research on the legislation, regulation or policy authorizing the subsidy. This involves analysing media reports, company or industry specific press releases, and leveraging subsidy investigations conducted by other countries investigation authorities, which often serve as a crucial resource. &lt;/p&gt;&lt;p&gt;&lt;em&gt;&lt;a href="/legal/international-trade/subsidies-countervailing-measures" data-sf-ec-immutable=""&gt;View international trade practice notes, precedents and news articles&lt;/a&gt;&lt;/em&gt;&lt;br&gt;&lt;/p&gt;&lt;h4&gt;Planning for protection is key&lt;/h4&gt;&lt;p&gt;Proving the existence of a subsidy is one part of the requirements to obtain protection. The applicant must also demonstrate injury as a result of the subsidised imports. In this regard, it is crucial to plan ahead for when protection is required. Significant &lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-tomfisk-3075996.tmb-rssthumbna.jpg?sfvrsn=3f10a140_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:2956ca43-0e28-4865-be45-fdac98ff6aeb</guid><link>/blog/future-of-law/reshaping-the-legal-landscape</link><category>Future of Law</category><title>AI means delivering legal work faster, lawyers say</title><description>Survey finds 82% of UK lawyers use generative AI or have plans to do so. Increasing efficiency is the driving force behind this trend.</description><pubDate>Sun, 29 Sep 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;p&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;AI adoption in the legal sector is accelerating at breakneck speed. A &lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;recent report by UUÂãÁÄÖ±²¥&lt;/a&gt; found a staggering 82% of UK lawyers have either embraced generative AI or have plans to do so in the near future. This figure represents a nearly four-fold increase from the summer of 2023, when only a fraction of legal professionals had adopted this transformative technology.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;h4&gt;&lt;strong&gt;The need for speedier legal services&lt;/strong&gt;&lt;/h4&gt;&lt;div&gt;&lt;p&gt;The driving force behind this rapid AI adoption is the need for faster delivery of legal services. In an increasingly competitive legal landscape, where clients demand efficiency and expediency, AI has emerged as a powerful tool to streamline processes and expedite turnaround times. The report reveals that a remarkable 71% of lawyers cited faster work delivery as a key benefit of AI, with 52% identifying it as the primary advantage.&lt;/p&gt;&lt;p&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;"The kind of applications we're seeing &amp;ndash; the way it's been rolled out, the innovation, the investment &amp;ndash; it's off the scale," says Jonathan Kewley, Partner and Co-Chair of the Global Tech Group at Clifford Chance. "It's important that lawyers are familiar with AI technology in the same way they are with the internet now. Those that don't use it will face a bit of an existential risk."&lt;/p&gt;&lt;p&gt;&lt;a href="/lexis-plus/lexis-plus-ai.html" target="_blank" data-sf-ec-immutable=""&gt;How Lexis+ AI speeds up legal research safely&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;Beyond speed, the report highlights other significant benefits of AI adoption, such as improved client service (54%) and gaining a competitive advantage (53%). As clients become more discerning and&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-carlnewton-2280165c14d0f2e-b174-4abc-b8d6-b874aac724cd.tmb-rssthumbna.jpg?sfvrsn=4481ca9f_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:6ec37b56-8f5d-4199-b9c5-293d1976fffc</guid><link>/blog/future-of-law/ai-adoption-soars-across-uk-legal-sector</link><category>Future of Law</category><title>AI adoption soars across UK legal sector</title><description>Explore the rapid adoption of generative AI across the UK legal sector, with insights from industry leaders on the opportunities, challenges, and strategies for successful implementation.</description><pubDate>Wed, 25 Sep 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;p&gt;The legal profession, long known for its traditional practices, is undergoing a seismic shift as generative AI technology takes centre stage. A &lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;recent UUÂãÁÄÖ±²¥ survey&lt;/a&gt; has revealed a remarkable surge in AI adoption across the UK legal sector, with four out of five lawyers (82%) currently using or planning to use this transformative technology. This blog delves into the key findings of the report, offering insights from industry leaders and exploring the opportunities, challenges, and strategies for successful AI implementation.&lt;/p&gt;&lt;p&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;h4&gt;&lt;strong&gt;Exponential growth&lt;/strong&gt;&lt;strong&gt; in AI adoption&lt;/strong&gt;&lt;br&gt;&lt;/h4&gt;&lt;p&gt;&lt;em&gt;&lt;strong&gt;The staggering numbers&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;&lt;p&gt;The &lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;survey findings&lt;/a&gt; paint a compelling picture of the rapid AI adoption within the legal sector. The number of lawyers using generative AI for work purposes has nearly quadrupled in just over a year, jumping from 11% in July 2023 to an impressive 41% in September 2024. Additionally, the percentage of lawyers planning to use AI has also increased significantly, from 28% to 41% during the same period.&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;em&gt;&lt;strong&gt;A paradigm shift&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;&lt;p&gt;The stark decrease in the number of lawyers with no plans to adopt AI, dropping from 61% to a mere 15%, underscores the profound shift taking place within the industry. Jonathan Kewley, Partner and Co-Chair of the Global Tech Group at Clifford Chance, aptly describes the level of adoption as "extraordinary," with innovation and investment reaching unprecedented levels.&lt;/p&gt;&lt;h4&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;&lt;/a&gt;&lt;/h4&gt;&lt;p&gt;&lt;em&gt;&lt;strong&gt;Embracing the future&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;&lt;p&gt;While AI is undoubtedly a valuable tool in the medium term, industry leaders like Kewley believe its use will only accelerate in the longer term. As Laura Hodgson, Generative AI Lead at Linklaters, points out, the legal profession has remained largely unaffected by new technology for several decades and was overdue for a shake-up.&lt;/p&gt;&lt;p&gt;&lt;a href="/research-and-reports/generative-ai-survey-h2-2024.html" target="_blank" data-sf-ec-immutable=""&gt;I want to read the full generative AI survey findings&lt;/a&gt;&lt;/p&gt;&lt;h4&gt;&lt;strong&gt;Streamlining routine tasks and unlocking strategic potential&lt;/strong&gt;&lt;br&gt;&lt;/h4&gt;&lt;p&gt;&lt;em&gt;&lt;strong&gt;Immediate benefits&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;&lt;p&gt;According to Bhavisa Patel, Director of Legal Technology at Eversheds Sutherland, the short to medium-term gains of generative AI will focus on streamlining routine, administrative tasks. Activities such as legal research, document review, and contract analysis will become simpler and quicker, allowing lawyers to concentrate on complex and strategic work.&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;em&gt;&lt;strong&gt;Vast possibilities ahead&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;&lt;p&gt;In the medium to long term, Patel acknowledges that the possibilities are vast, but the legal sector has yet to clearly identify the specific problems generative AI will solve. As the industry continues to explore and i&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/chuttersnap-gts_eh4g1lk-unsplash.tmb-rssthumbna.jpg?sfvrsn=b0e4912_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:1ddb6cc3-acc0-46ff-817b-691bb3c510dc</guid><link>/blog/in-house/september-2024-bulletin</link><category>In-house</category><title>September 2024 Bulletin</title><description>Welcome to the September edition of the Radius Law Commercial Bulletin, in association with UUÂãÁÄÖ±²¥.</description><pubDate>Tue, 17 Sep 2024 14:40:25 Z</pubDate><a10:content type="text"></a10:content><media:content url="/blog/images/default-source/corporate-law/featured-images/sa-1019-028-925x286-banking-and-finance-7.tmb-rssthumbna.jpg?sfvrsn=a8aeab3c_2" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:3543c097-09f3-4f1e-8155-a56a6a796fd4</guid><link>/blog/in-house/post-office-scandal-what-lessons-to-learn</link><category>In-house</category><title>Post Office Scandal - what lessons to learn</title><description>Post Office Scandal - what lessons to learnIn today's business world, maintaining strong corporate governance is more critical than ever. Most of us have been shocked by the corporate governance failings at the Post Office. Sadly, this is not an isolated incident; there are plenty of other cases. In just recent months there have been reports of Carillion (financial irregularities), Boo-Hoo (unethical trading), News Group (Phone Hacking) and Axiom Ince (financial irregularities) to name just a few.None of us want to be part of these stories, but as the Post Office enquiry has shown – many people, including lawyers, become involved and fail to do the ‘right thing’.This raises two questions:(1) How do we avoid being embroiled in the ‘wrong thing’? and(2) How do we help our organisation to always be the good      corporate citizen?At our September Senior Counsel forum, Iain Larkins of Radius Law will chat with Gail Harrison, MD and Owner of Sewells. Gail is a Leadership and Culture Specialists who helps develop inspiring successful leaders, cr</description><pubDate>Wed, 11 Sep 2024 15:56:08 Z</pubDate><a10:content type="text">&lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Post Office Scandal - what lessons to learn&lt;/strong&gt;&lt;/p&gt;&lt;p align="center" style="text-align:left;"&gt;In today's business world, maintaining strong corporate governance is more critical than ever. Most of us have been shocked by the corporate governance failings at the Post Office. Sadly, this is not an isolated incident; there are plenty of other cases. In just recent months there have been reports of Carillion (financial irregularities), Boo-Hoo (unethical trading), News Group (Phone Hacking) and Axiom Ince (financial irregularities) to name just a few.&lt;/p&gt;&lt;p align="center" style="text-align:left;"&gt;None of us want to be part of these stories, but as the Post Office enquiry has shown &amp;ndash; many people, including lawyers, become involved and fail to do the &amp;lsquo;right thing&amp;rsquo;.&lt;/p&gt;&lt;p&gt;This raises two questions:&lt;/p&gt;&lt;ul type="disc"&gt;&lt;li&gt;(1) How do we avoid being embroiled in the &amp;lsquo;wrong thing&amp;rsquo;? and&lt;/li&gt;&lt;li&gt;(2) How do we help our organisation to always be the good      corporate citizen?&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;At our September Senior Counsel forum, Iain Larkins of Radius Law will chat with Gail Harrison, MD and Owner of Sewells. Gail is a Leadership and Culture Specialists who helps develop inspiring successful leaders, cr&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/blog6da89423-9bc9-43a1-a481-e191bab3391e.tmb-rssthumbna.jpg?sfvrsn=2604df57_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:cafbdb81-42da-48a1-8759-7e015374fb3d</guid><link>/blog/in-house/integrating-generative-ai-in-legal-settings</link><category>In-house</category><title>Integrating generative AI in legal settings</title><description>This blog summarises the July edition of the Senior Counsel webinar and outlines how generative AI is revolutionising the legal industry, with 61% of lawyers embracing this technology so far. 
Both the speakers talked about an industrial-level revolution that legal firms must embrace through proper governance to remain competitive and empower their workforce.</description><pubDate>Wed, 07 Aug 2024 16:26:05 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;div&gt;&lt;p paraid="234546879" paraeid="{30242619-4b8e-4c05-a470-6f87cfee1d58}{210}"&gt;&lt;strong&gt;&amp;lsquo;Artificial Intelligence is this generation&amp;rsquo;s internet, and its Netflix is yet to come.&amp;rsquo;&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="1052415359" paraeid="{30242619-4b8e-4c05-a470-6f87cfee1d58}{224}"&gt;&lt;strong&gt;44% of legal tasks can be automated by AI, according to a Goldman Sachs study, and UUÂãÁÄÖ±²¥&amp;rsquo; market research shows that 61% of lawyers are using or plan to use generative AI.&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p xml:lang="EN-US" lang="EN-US" paraid="652972987" paraeid="{3196752e-ad88-481a-9e63-8ca78a59098e}{87}"&gt;In July&amp;rsquo;s session for in-house senior counsel, James Moore, Co-founder of Flex Legal and Matthew Leopold, Head of Brand and Insight at UUÂãÁÄÖ±²¥ continued the discussion on generative AI and the law, focussing on the benefits of integrating AI in legal settings.&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="1164891962" paraeid="{30242619-4b8e-4c05-a470-6f87cfee1d58}{250}"&gt;&lt;strong&gt;Use of AI and Key Concerns&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="1403694998" paraeid="{dc7d9d31-bf82-46db-a0b8-bea8d263d43e}{1}"&gt;Sophie Gould, Head of Development at Flex Legal started off with polls set up by UUÂãÁÄÖ±²¥, looking at use of AI and key concerns. James Moore noted that more people are adopting AI in their roles since December 2023. 54% of the organisations had rolled AI into product.&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="930157657" paraeid="{dc7d9d31-bf82-46db-a0b8-bea8d263d43e}{13}"&gt;&lt;strong&gt;AI: embrace it to stay in the race&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="113245213" paraeid="{dc7d9d31-bf82-46db-a0b8-bea8d263d43e}{19}"&gt;James, who has background in software engineering, finds it exciting when a big innovation comes along. Comparing the development of AI to the mobile phone and the internet, James highlighted that the &amp;lsquo;Netflix&amp;rsquo; era of GenAI in the mass market is yet to come. Embracing it will only create huge value for firms and in-house legal teams and we&amp;rsquo;ll see big companies and firms fall if they don&amp;rsquo;t, and smaller firms grow if they do. What James ultimately emphasised, is that AI is here to stay and that it will only grow.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="158600187" paraeid="{dc7d9d31-bf82-46db-a0b8-bea8d263d43e}{45}"&gt;The free &lt;a href="/ai-insider/sign-up.html?utm_source=in-house_blog&amp;amp;utm_medium=email&amp;amp;utm_campaign=602898__in_house_legal__july_2024_senior_counsel_event&amp;amp;utm_term=evernt_write_up_blog" target="_blank" rel="noreferrer noopener" data-sf-ec-immutable=""&gt;Insider programme&lt;/a&gt;, by UUÂãÁÄÖ±²¥ can help legal professionals stay ahead of the curve and understand how legal AI can transform the work of legal In-house teams.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="532800936" paraeid="{dc7d9d31-bf82-46db-a0b8-bea8d263d43e}{84}"&gt;Giving us a quick demo on the latest version of ChatGPT, James added the day&amp;rsquo;s shipping forecast and asked AI for a summary of it. Other than summarisation and translation, an interesting use case was creating three tweets for &lt;/p&gt;&lt;/div&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/9e69a1d5-20cc-45cf-a51e-0c84f086312f.tmb-rssthumbna.jpg?sfvrsn=35ca8fdb_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:3e03a9be-fbcf-4151-850a-7e696a9fb94f</guid><link>/blog/future-of-law/protecting-the-uk-industry-from-dumped-imports</link><category>Future of Law</category><title>Protecting the UK industry from dumped imports</title><description>Catch the highlights from our webinar exploring strategies for UK industries to safeguard against unfairly dumped imports. This is the first in a three-part series in partnership with the TRA on trade remedies.</description><pubDate>Tue, 06 Aug 2024 13:07:08 Z</pubDate><a10:content type="text">&lt;p style="text-align:left;"&gt;We recently hosted an insightful webinar exploring strategies for UK industries to safeguard against unfairly dumped imports. We have partnered with the Trade Remedies Authority (TRA) to bring you a three-part series on trade remedies, this being the first.&lt;/p&gt;&lt;p style="text-align:left;"&gt;Moderated by Rian Geldenhuys, who oversees the UUÂãÁÄÖ±²¥ International Trade content, the virtual event featured a distinguished panel of trade remedy experts.&lt;/p&gt;&lt;p style="text-align:left;"&gt;Dr. Bregt Natens, counsel in the International Commercial &amp;amp; Trade Practice Group at Baker McKenzie, and Raheel Shahid, a solicitor with the UK's Trade Remedies Authority, shared their invaluable expertise on obtaining protection from dumped imports. Drawing from his experience assisting industries in filing anti-dumping applications, Dr. Natens provided practical insights into navigating the process successfully. Mr. Shahid offered a comprehensive understanding of the critical factors considered by the UK's Trade Remedies Authority when evaluating such applications.&lt;/p&gt;&lt;p style="text-align:left;"&gt;You can&amp;nbsp;&lt;a href="https://www.youtube.com/watch?v=hjbuUb8ljI4" target="_blank" data-sf-ec-immutable=""&gt;watch the full webinar here&lt;/a&gt;&amp;nbsp;or read on for the key insights from the session.&lt;/p&gt;&lt;h4 style="text-align:left;"&gt;Dumping is not necessarily intentional&lt;span style="text-decoration:underline;"&gt;&lt;/span&gt;&lt;/h4&gt;&lt;p style="text-align:left;"&gt;While dumping is often painted as an unfair trade practice, and it often is, it is most often not intentional. That is due to the definition of dumping, which goes beyond selling products cheaply or below cost in an export market. It is in fact international price discrimination, where an exporter sells its product at a lower price in the export market compared to the price for the same product in its own domestic market (the so-called normal value).&amp;nbsp; Often exporters do not benchmark their export pricing against their domestic pricing, and as a result, may be unaware they may be subject to anti-dumping duties.&lt;em&gt;&lt;/em&gt;&lt;/p&gt;&lt;p style="text-align:left;"&gt;&lt;em&gt;&lt;a href="/legal/international-trade#pa-topics-section" data-sf-ec-immutable=""&gt;View international trade practice notes, precedents and news articles&lt;/a&gt;&lt;/em&gt;&lt;em&gt;&lt;/em&gt;&lt;em&gt;&lt;/em&gt;&lt;em style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;em&gt;&lt;/em&gt;&lt;/em&gt;&lt;/p&gt;&lt;h4 style="text-align:left;"&gt;Dumping is but one part of the equation&lt;/h4&gt;&lt;p style="text-align:left;"&gt;In an anti-dumping duty application, significant emphasis is placed on whether the imported products are in fact being dumped. Applicants typically use import data to determine the export price, and conduct research in the exporter&amp;rsquo;s domestic market &lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-tomfisk-3057960.tmb-rssthumbna.jpg?sfvrsn=3b2b18a7_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:2aab8fb1-f59c-4798-8978-2f1ec4ac424c</guid><link>/blog/future-of-law/law-firms-evolving-relationship-with-freelance-lawyers</link><category>Future of Law</category><title>Law firms' evolving relationship with freelance lawyers</title><description>Outsourcing client work is something many law firms do, yet very few talk about. UUÂãÁÄÖ±²¥ investigates the freelance legal market, and how firms are working with them.</description><pubDate>Thu, 01 Aug 2024 10:28:35 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;Law firms are navigating a new frontier &amp;ndash; the rise of freelance lawyers. UUÂãÁÄÖ±²¥' latest report, "&lt;/span&gt;&lt;a href="/research-and-reports/law-firms-relationship-with-freelancers.html" target="_blank" data-sf-ec-immutable=""&gt;Law firms' hush-hush relationship with freelancers&lt;/a&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;," unveils this emerging trend, shedding light on the extent to which firms rely on freelancers, the types of work they outsource, and the factors driving more lawyers to embrace the freelance path.&lt;/span&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;h4&gt;Key findings:&lt;/h4&gt;&lt;div&gt;&lt;p&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;strong&gt;1. &lt;/strong&gt;&lt;strong&gt;Over a third of law firm leaders rely on short-term contract or freelance lawyers for client work&lt;/strong&gt;. The survey found that 34% of law firm leaders employ freelancers, with medium-sized firms being th&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-mathias-reding-16124524.tmb-rssthumbna.jpg?sfvrsn=9d7c02ec_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:fd139d9c-2f7e-4457-87c1-6fd5767d22fa</guid><link>/blog/in-house/ai-part-2-focussing-on-integrating-ai-in-legal-settings</link><category>In-house</category><title>AI Part 2 - Focussing on integrating AI in legal settings</title><description>At this month’s senior counsel session we are delighted to welcome James Moore, Co-founder of Flex Legal and Matthew Leopold, Head of Brand, Content and PR Marketing at UUÂãÁÄÖ±²¥.Join us for AI Part 2 focussing on integrating AI in legal settings. James Moore will discuss AI governance, practical implementation strategies, and address key issues such as data privacy and regulatory compliance. Help ensure your organisation effectively and safely leverages AI.Matthew Leopold will then talk to the AI opportunity for in-house legal teams- both for the team itself and for how to manage the speed and safety of AI adoption across your business. Date: Wednesday 31st July 2024Time: 10:00 – 11:00Format: Virtu</description><pubDate>Thu, 18 Jul 2024 22:59:28 Z</pubDate><a10:content type="text">&lt;p&gt;At this month&amp;rsquo;s senior counsel session we are delighted to welcome James Moore, Co-founder of Flex Legal and Matthew Leopold, Head of Brand, Content and PR Marketing at UUÂãÁÄÖ±²¥.&lt;/p&gt;&lt;p&gt;Join us for AI Part 2 focussing on integrating AI in legal settings. James Moore will discuss AI governance, practical implementation strategies, and address key issues such as data privacy and regulatory compliance. Help ensure your organisation effectively and safely leverages AI.&lt;/p&gt;&lt;p&gt;Matthew Leopold will then talk to the AI opportunity for in-house legal teams- both for the team itself and for how to manage the speed and safety of AI adoption across your business. &lt;/p&gt;&lt;p align="center" style="text-align:center;"&gt;&lt;strong&gt;Date: Wednesday 31&lt;sup&gt;st&lt;/sup&gt; July 2024&lt;/strong&gt;&lt;/p&gt;&lt;p align="center" style="text-align:center;"&gt;&lt;strong&gt;Time: 10:00 &amp;ndash; 11:00&lt;/strong&gt;&lt;/p&gt;&lt;p align="center" style="text-align:center;"&gt;&lt;strong&gt;Format: Virtu&lt;/strong&gt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/24034c83-5bbb-4515-ac4b-e57ff6d51d04-1-1-.tmb-rssthumbna.jpg?sfvrsn=ef1fda45_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:a1f94c22-a4e6-48dd-8eb5-49fab2c85594</guid><link>/blog/future-of-law/how-small-law-firms-can-compete-for-talent</link><category>Future of Law</category><title>Top tips for small law firms to successfully attract and retain talent</title><description>Discover effective strategies for small law firms to attract and retain top legal talent in a competitive market.</description><pubDate>Wed, 06 Jul 2022 11:04:37 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"&gt;According to the &lt;a href="/research-and-reports/bellwether-2022.html" data-sf-ec-immutable=""&gt;Bellwether 2022 report&lt;/a&gt; from UUÂãÁÄÖ±²¥, the majority of smaller legal practices are actively recruiting new legal staff. Two thirds of the 345 &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/small-firms-gearing-up-for-legal-business-success"&gt;small law&lt;/a&gt; and solo legal professionals we surveyed said they have recently invested in, or shortly plan to invest in, more lawyers.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"&gt;&lt;/span&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;color:inherit;"&gt;But attracting and retaining new &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]989FB383-18F1-4B05-860D-C7607CBE56BA/sustainability-attracting-the-best-in-house-legal-talent"&gt;legal talent&lt;/a&gt; can be challenging, particularly for smaller firms which may struggle to match the salaries offered by Big Law. So how can smaller practices compete with their larger rivals to obtain the cream of the crop?&lt;/span&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;color:inherit;"&gt;&lt;/span&gt;&lt;/p&gt;&lt;h4&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;color:inherit;"&gt;&lt;/span&gt;The challenges small law firms face in competing for talent&lt;/h4&gt;&lt;p&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:var(--font-size-h4);font-weight:bold;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"&gt;&lt;/span&gt;&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:var(--font-size-h4);font-weight:bold;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"&gt;&lt;/span&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"&gt;Only around half of the firms we asked said they were &amp;ldquo;somewhat confident&amp;rdquo; about competing for &lt;a href="/legal/news/law-firm-considerations-in-attracting-retaining-talent" data-sf-ec-immutable=""&gt;talent &lt;/a&gt;over the next 24 months, with almost one in five expressing doubts about finding the right lawyers.&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"&gt;&lt;/span&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"&gt;The challenge seems to be particularly acute in relation to attracting recently qualified lawyers, with one respondent providing the following analysis:&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"&gt;&lt;/span&gt;&lt;span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color style=""&gt;&lt;/span style="background-color:initial;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color&gt;&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/christina-wocintechchat-com-vzfgh3rapzm-unsplash.tmb-rssthumbna.jpg?sfvrsn=2e6ebcbc_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><description /></item><item><description /></item><item><description /></item><item><description /></item></channel></rss>