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Tolley+ AI launch

27 June 2024
Issue: 8077 / Categories: Legal News , Technology , Artificial intelligence , Tax
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Two-thirds of UK tax professionals either use generative artificial intelligence (AI) on a regular basis or intend to do so soon, a Tolley report has found

The report, ‘How generative AI is transforming tax practice’, also found 79% concerned about AI’s potential for untrustworthy content or hallucinations, while 71% would be comfortable using AI grounded in authoritative content.

The report’s publication coincides with the launch this week of Tolley+ AI, an AI product designed for tax research and guidance. As Tolley is part of LexisNexis, Tolley+ AI is grounded in the largest repository of proven tax content available, with all results backed by a verifiable, cited authority or source.

Jon Scriven, director of tax markets at Tolley, said: ‘AI is set to transform and revolutionise the practice of tax.’

MOVERS & SHAKERS

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

NEWS
Robert Taylor of 360 Law Services warns in this week's NLJ that adoption of artificial intelligence (AI) risks entrenching disadvantage for SME law firms, unless tools are tailored to their needs
From oligarchs to cosmetic clinics, strategic lawsuits against public participation (SLAPPs) target journalists, activists and ordinary citizens with intimidating legal tactics. Writing in NLJ this week, Sadie Whittam of Lancaster University explores the weaponisation of litigation to silence critics
Delays and dysfunction continue to mount in the county court, as revealed in a scathing Justice Committee report and under discussion this week by NLJ columnist Professor Dominic Regan of City Law School. Bulk claims—especially from private parking firms—are overwhelming the system, with 8,000 cases filed weekly
Writing in NLJ this week, Thomas Rothwell and Kavish Shah of Falcon Chambers unpack the surprise inclusion of a ban on upwards-only rent reviews in the English Devolution and Community Empowerment Bill
Charles Pigott of Mills & Reeve charts the turbulent progress of the Employment Rights Bill through the House of Lords, in this week's NLJ
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