Lex Mundi has published its report, “Big Data and Big Brother: How General Counsel Cope with Artificial Intelligence in an Era of Economic Nationalism.”
Across industries, General Counsel are universally grappling with how AI technologies are reshaping their companies and the business environment, creating uncharted areas of corporate liability exposure and new regulatory challenges.
Lex Mundi’s latest Thought Leadership report from its Summit synthesizes the annual 1.5 day ‘deep dive’ workshop among General Counsel, experts, and recent government officials, in order to help General Counsel understand the implications and identify practical approaches.
The report identifies three areas that already require extra vigilance from General Counsel, namely governance, compliance, and the development of the legal function. “This topic was perfectly suited for Lex Mundi’s annual Summit which has always brought together a global cohort of General Counsel and provided the time to really go in-depth on strategic questions,” said Lex Mundi President, Helena Samaha.
Eric Staal, Vice President of Business Development, noted, “we chose this topic after discussions with our keynote, Olaf Groth, who impressed upon us the way that AI is supercharging global power blocs and the obvious question was: what happens as companies get caught in a powerful regulatory crossfire? Corporate compliance is a good example; most programs were designed for the analog-era but that no longer will do.”
The report explores the emerging landscape by analyzing:
Also included in the report are expert contributions from member firm lawyers and summit speakers covering aspects of US sanctions enforcement, EU trade and industrial policies, and global antitrust trends. Lex Mundi acknowledges the contributions of its 2019 Summit Partner, LexisNexis.
Click here to access the report.
About Lex Mundi
Lex Mundi is the world’s leading network of independent law firms with in-depth experience in 100+ countries. Lex Mundi member firms offer clients preferred access to more than 21,000 lawyers worldwide – a global resource of unmatched breadth and depth. Each member firm is selected on the basis of its leadership in – and continued commitment to – its local market. The Lex Mundi principle is one independent firm for each jurisdiction. Firms must maintain their level of excellence to retain membership within Lex Mundi.
Through close collaboration, information-sharing, training and inter-firm initiatives, the Lex Mundi network is an assurance of connected, on-the ground expertise in every market in which a client needs to operate. Through its global client service platform, Lex Mundi members are able to handle seamlessly their clients’ most challenging cross-border transactions and disputes.
Member law firms are located throughout Europe, the Middle East, Africa, Asia and the Pacific, Latin America and the Caribbean and North America. Through Lex Mundi’s nonprofit affiliate, the Lex Mundi Pro Bono Foundation, members also provide pro bono legal assistance to social entrepreneurs around the globe. For more information, please visit www.lexmundi.com and www.lexmundiprobono.org.