Today LexisNexis Legal & Professional, released results from a survey of senior leadership at top U.S. law firms and legal professionals at Fortune 1000 companies. The survey   2024 Investing in Legal Innovation Survey: The Rise of GenAI at Top Firms & Corporations  explores  the business impact of generative AI technology on the legal industry.

I can’t recall any prior technology that has simultaneously trigged both of breathless enthusiasm and panicked resistance . While the technology shows game changing promise, there are significant ethical, client relations, security and intellectual property concerns which still need to be addressed. The C-Suite survey charts the issues of concern where are impeding adoption of GenAI.

Rapid Uptake and Generative AI investmentsContinue Reading LexisNexis Report: What Every C Suite Leader Needs to Know about Legal AI

As market power shifts from law firms to in-house counsel, Bloomberg Law has responded by bulking up the Corporate Practice Center with resources designed to address the special needs of Chief Legal Officers, Chief Compliance Officers and Chief Operating Officers.  Earlier this year Bloomberg Law relaunched the Corporate Practice Center with materials developed with extensive input from corporate counsel at major U.S. Companies. The Corporate Practice at Center  includes  practice pages covering: compliance, legal operations, corporate governance,  alternative business structures, litigation and corporate news. In addition an “In Focus, “hot topics” section offers deep coverage of special topics such as proxy regulation and FCPA.

Bloomberg and the Association for Corporate Counsel (ACC) also announced that they had entered a  strategic collaboration for Bloomberg Law to offer sponsored content, practice tools and editorial expertise to ACC members through professional enrichment, educational and development programs.Continue Reading Bloomberg Law Relaunches Corporate Practice Center with In-House Counsel Focus: Compliance, Toolkits and Analytics