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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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October 16, 2024 | 12:00 PM - 1:00 PM CDT

Overview (Program Summary)

A program hosted by:

ACC Mid-America

 

ACC, Mid-America Chapter and Fey, LLC

JOINTLY PRESENT

LegAIl Transformation:  How Lawyers Must Adapt to Rapid AI Developments to Meet 
Their Ethical, Legal, and Business Obligations

Presented by: Laura Clark Fey, Principal | Bio

Wednesday, October 16, 2024

11:30 a.m. to 1:00 p.m.
(Lunch begins at 11:30am; CLE Presentation: Noon to 1:00 p.m.)

at

La Casa Pizzeria West at Pacific Springs 
610 S. 168th Street | Omaha, NE  68118

Program Summary: 
Artificial Intelligence, particularly generative AI, is changing the legal profession.  Rapidly.  Almost all in-house counsel respondents to a Wakefield Research/Axiom Survey, released in July 2024, said that they are already using AI tools.  Law firms are similarly jumping on the AI bandwagon.  Per LexisNexis’s 2024 Investing in Legal Innovation Survey, the majority of AmLaw 200 firms have purchased AI tools, and 45% of them are already using such tools for legal work.  70% of legal professionals responding to Thompson Reuter’s 2023 Future of Professionals Report asserted they believe AI and generative AI will have a “transformative” or “high” impact on the profession in the next 5 years. With such rapid and widespread adoption of legal AI tools, it is not surprising that, in LexisNexis International Legal Generative AI Survey in August of 2023, an even higher percentage of lawyers (88%) expressed concern about the ethical implications of generative AI on the practice of law. Laura will demonstrate why that number should be 100%.  

Program Outline: 

  • How AI is being used by in-house and outside counsel (10 minutes)  
  • Practical recommendations for identifying and addressing legal, ethical, and business risks posed by AI tools (15 minutes)
  • Evolving risks posed by threat actors armed with AI tools, including generative AI tools, which are increasingly being used to target corporate money, IP, and sensitive personal data, as well as corporate reputation and market value (25 minutes)
  • Final recommendations on how in-house counsel can help their corporations reduce risks posed by AI-supported threat actors, and, in the process, enhance corporate compliance with evolving laws and regulations (10 minutes)

Please click here to RSVP by Monday, October 14, 2024
*Kansas, Missouri & Nebraska Continuing Legal Education Credits pending.
Trouble with the Link? Copy & paste this link into a new browser to register: https://www.surveymonkey.com/r/2ZVRGK9  


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