We estimate 85% of general counsel and senior in-house lawyers who attended our recent HCR Law In-House With You roundtable are now using some form of AI. While it can benefit in-house teams, AI also presents challenges and risks. In this article, I explore the good, the bad and the ugly aspects of using AI within your in-house legal teams.

The good:

• Increased efficiency and productivity
• Cost savings
• Enhancing the in-house legal function

The bad:

• Job losses
• Implementation challenges
• Data privacy and security risks

The ugly:

• Ethics and bias
• Lack of understanding
• Over-reliance on AI

AI and the future

AI has the potential to revolutionise the legal sector and particularly in-house legal departments. While it offers numerous benefits it also presents challenges and risks that must be carefully managed.

To read the more detailed article, head to the HCR Law website.

If you need advice, contact me at +44 20 3824 9748 or fjennings@hcrlaw.com.