By now, most lawyers have moved past the question of whether AI tools exist for their needs and beyond the "I'll just try to wait and retire" approach. Now, the better risk management question is whether law firms know who is using them, for what purpose, with what information, under whose supervision, and with what quality control. AI cannot be banned, feared, or treated like magic. It needs to be managed like any other powerful legal tool: through competence, confidentiality, supervision, communication, and documentation.
That approach fits comfortably within the existing ...
The recent Big Law insider trading scandal is the kind of story that will be read first as a criminal case, then as a legal-industry gossip item, and only later, if law firms are paying attention, as a profound risk-management warning.
Recently, the DOJ in Massachusetts announced charges against 30 lawyers in what the indictment describes as a decade-long, global insider trading scheme involving confidential information about mergers and acquisitions allegedly stolen from major law firms. The SEC filed a parallel civil enforcement action against 21 individuals, alleging that the ...
Insights from our law firm General Counsel and yours, Jeffrey J. Cunningham
