TD’s Kashif Zaman says it will be a while before AI makes a workload impact for legal departments
By Julius Melnitzer | July 26, 2023
The squeeze on general counsel and legal departments has reached new heights, according to The General Counsel Report 2023, a joint white paper from global consultancies FTI Consulting, Inc. and Relativity.
“For the first time in the history of the report, legal department leaders expressed deep concern about issues such as increased regulatory oversight; uncertainty across geo-political, social and economic factors; fulfilling environmental, social and governance requirements; supply chain challenges; and employee matters,” says Wendy King, FTI’s senior managing director. “While these issues weren’t mentioned in any substantial way in previous reports, they were echoed across the majority of respondents this year.”
One hundred percent of respondents pointed to compliance monitoring, data privacy, ESG, incident response, and other business strategy and risk management activities as the leading sources of demand. Contracting (83), evaluating new technologies and third-party providers (75), governance (67), disputes (62), regulatory investigations (50), and internal investigations (33) followed.
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Julius Melnitzer is a Toronto-based legal affairs writer, ghostwriter, writing coach and media trainer. Readers can reach him at [email protected] or https://legalwriter.net/contact.
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