Interesting article on the impact of AI on legal malpractice exposure and law firm insurance.
AI is likely to impact legal malpractice insurance. While the precise effects are yet to be determined, experts anticipate significant changes in the insurance landscape as AI becomes more prevalent in the legal industry.
Insurance carriers are expected to adapt their policies and coverage to account for the risks associated with AI usage, and policyholders may face new requirements and inquiries regarding their AI implementation during the renewal process.
Read more: https://www.filevine.com/blog/ai-and-mitigating-risks-of-legal-malpractice/#:~:text=Relying%20solely%20on%20AI%2Dgenerated,relied%20upon%20for%20final%20output