Though
it
may
seem
like
centuries
ago,
it
was
only
November
2022
when
the
launch
of
ChatGPT
made
harnessing
AI
a
central
focus
of
the
corporate
world.
Ever
since,
law
departments
of
all
sizes
and
in
all
industries
have
been
tasked
with
adopting
the
technology
and
realizing
the
benefits
it
can
provide.
In
financial
services
in
particular,
there
are
myriad
potential
upsides
for
law
departments.
But
as
with
any
new
technology,
there
is
an
apprehensiveness
surrounding
the
risks
of
bringing
it
on.
There’s
also
a
lack
of
awareness
about
all
that
it
can
accomplish.
In
this
white
paper
presented
with
our
friends
at
Relativity,
we
explore
seven
challenges
to
tech
adoption
faced
by
in-house
law
departments,
particularly
in
the
financial
services
industry.
We
also
look
at
some
steps
lawyers
should
consider
to
move
toward
their
desired
outcomes.