- Lawyers can draw on other regulators’ AI guidance to strengthen safeguards, oversight and governance.
- Firms must verify AI outputs, protect client confidentiality and retain responsibility for professional judgement.
In August this year, the Solicitors Regulation Authority (SRA) issued a warning notice on the use of artificial intelligence (AI). While this highlights some of the key risks for lawyers using AI in their firms, the warning notice is principally focused on regulatory outcomes rather than prescribing practical steps for managing AI risks.
Solicitors may find recent advice from the Bar Standards Board (BSB) and the Royal Institution of Chartered Surveyors (RICS) helpful, as they try to navigate this relatively new and fast developing area. Although aimed at different professions, both provide valuable insight into the governance, oversight and responsible use of AI.
The SRA’s warning notice is timely. It is reported that the SRA is dealing with 42 open complaints
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