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July 10, 2024

Barclay Damon Live: Cyber Sip—"Managing AI Risk at Your Law Firm: Best Practices," With Laura Zaroski

Kevin Szczepanski and guest Laura Zaroski, managing director of Gallagher's law firms practice, discuss law firms’ varied responses regarding the use of generative AI: some embrace it while others prohibit it. They also explore benefits and risks of using AI, including the importance of checking work, avoiding sanctions, and client disclosures. They then touch on the potential impact on insurance coverage and underwriting. Firms should consider their risk tolerance and their cases’ value when determining coverage limits. Another best practice is to establish and regularly revisit guidelines or policies for AI use. Kevin and Laura emphasize the need for law firms to understand and strategically use AI while also being aware of the potential dangers.

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