Axiom's large global bench of AI legal talent
is helping in-house legal teams design and implement AI data
governance, privacy, and compliance programs; conduct AI regulatory
assessments and AI bias reviews; evaluate AI's impact on IP
protection; and drive AI technology selection decisions,
implementation, and usage
NEW YORK, May 21, 2024 /PRNewswire/ -- Today Axiom
announced that its on-demand legal talent network has surpassed 200
lawyers with specific AI experience, giving in-house corporate
legal teams and businesses of all sizes immediate access to a large
global bench of experienced, high-quality AI talent in the legal
services industry—at precisely the moment the industry needs it
most.
These 200 lawyers are the deep expert "core" of Axiom's broader
network of over 1,000 legal professionals with varied AI
experience—a talent network where only the top 3% of applicants are
accepted. In collaboration with clients, Axiom builds focused AI
legal teams that help clients address the key areas they say
require top AI legal talent today: Commercial and Contract Law,
Data Privacy and Cybersecurity, Legal Ops, IP Regulatory and
Compliance, Finance, and AI Technology and Product Development.
"We anticipated high demand for legal AI talent over a year ago
and have focused on recruiting the highest-quality legal AI talent
to the Axiom network ever since," said David McVeigh, CEO of Axiom. "The industry has
passed the tipping point with the high volume of new AI regulations
globally, concerns around ethical AI use, an AI skills gap
internally, and AI technology evolving faster than legal teams can
keep up. Many companies are finding demand for high-quality AI
legal talent outstripping supply and extraordinarily expensive.
With Axiom's deep bench of high-quality AI legal talent, we can
help in-house teams quickly meet their AI talent, compliance, and
technology needs without breaking their budget."
It's no secret that corporate in-house legal teams are embracing
the transformative power of AI to enhance the efficiency and
effectiveness of their legal operations. GCs and legal ops leaders
increasingly recognize this era as a transformative moment for
corporate law and want to invest in AI to automate and streamline
processes in their day-to-day work. And in the case of technology
and services vendors, in-house legal teams are being called upon to
support the integration and use of safe, effective, and regulatory
compliant AI into new products and services.1 2
But there's a catch. A recent study of 300 small, mid-sized, and
large enterprise businesses found 41% of GCs reporting AI as among
the new or emerging practice areas most likely to be in demand in
the next two years—yet most in-house legal departments said they're
unprepared to meet the daunting challenges posed by AI. More than
two-thirds (65%) reported a lack of technology and product
development lawyers in-house, about half (47%) had no data privacy
and cybersecurity lawyers on staff, and most (70%) lacked in-house
resources for new or emerging practice areas such as AI and machine
learning (ML).
"Legal teams and technology developers are under immense market
pressure to use AI for strategic business advantage and
advancement, but they also need to be in lockstep with a rapidly
evolving global regulatory landscape, and ensure their AI use is
trustworthy and safe," said C.J. Saretto, Chief Technology Officer
at Axiom. "It's crucial for in-house legal departments to invest in
experienced legal talent to harness AI's power while ensuring safe,
effective, and legally acceptable use. The shift towards AI-savvy
legal teams is quickening and having the right AI legal talent at
the right time will be the decisive factor between success or
failure and effective risk mitigation."
Axiom is no stranger to helping in-house legal teams and legal
operations with complex legal technology matters, having completed
more than 1,400 technology engagements in the past five years. And
even while building the company's deep legal AI talent bench, Axiom
talent was stepping up to help Fortune 100 clients, other large
enterprises, SMBs, and innovative startups capitalize on AI's
capabilities and navigate related policy, regulatory, and
operational challenges across industries and practice areas. Some
of Axiom's recent AI engagements include:
- Helping a high profile, cutting-edge legal AI
startup train and ensure the trustworthiness of its legal
AI models. A large project team approaching 100 Axiom lawyers is
embedded within this startup's legal and application development
teams to review and test the company's forthcoming research tool,
which employs AI to review, analyze, and answer complex legal
research questions based on published case law, filings,
regulations, and other sources. Then, in the final phase of a
three-phase approach, a fresh contingent of more than 750 Axiom
lawyers will stress test the tool to help optimize it at scale and
verify accuracy for niche law subsets and specific regulations.
- Helping a global Fortune 100 pharma company launch
a new digital technology group operating at the complex
intersection of MedTech, AI/ML, and pharma and healthcare law. A
project team of seven Axiom lawyers with specialized digital and AI
technology roll-out experience, led by an Axiom project manager,
drafted and negotiated vendor agreements, statements of work, and
affiliate agreements. The team ensured data processing, privacy,
and healthcare regulations such as HIPAA and anti-kickback rules
were properly addressed. Additional Axiom technology IP lawyers
were also brought in to support patent drafting for the innovative
digital tools the new organization was developing internally and/or
acquiring and integrating from third parties.
- Helping a global Fortune 100 financial services
corporation define, enhance, and manage generative AI risk
assessment, data privacy, and information security policies and
processes across the organization. An Axiom lawyer was embedded in
the company's generative AI technology group to attend meetings,
compile notes, and provide detailed risk analysis; develop
communications, training, policies, and processes for gen AI use;
recommend and incorporate regulatory changes into action plans and
controls; track AI usage and other metrics; maintain the company's
AI tools inventory; and provide executive reporting and updates on
AI risk management. Still another Axiom lawyer is addressing the
privacy and information security implications of the EU AI Act and
other relevant regulations in all of the company's contracts and
workflows.
- Helping a global Fortune 100 technology
company ensure responsible AI use across their product
offerings. Five Axiom lawyers advise business teams on AI product
development on relevant matters at each stage of AI model creation,
from training to adversarial testing to general availability
release. This includes IP, privacy, and ethics; model accuracy,
fairness, inclusivity, and bias mitigation; data use and copyright
(fair use); LLM development, expansion, and sustainability; and
more. The team also helps ensure the company's products are
compliant with US and international AI regulations (GDPR, CCPA, EU
AI Act, etc.). And some 15 Axiom lawyers with AI experience are
embedded in business and product teams as part of their overall
work, including projects where AI is not the primary focus but
intersects or otherwise has a role to play.
And those are just for starters.
"When you need top-quality AI legal talent, you'll find it at
Axiom," said Catherine Kemnitz,
Chief Strategy & Development Officer at Axiom and Managing
Director of Axiom Advice and Counsel. "This might be the biggest
bench of AI all-stars in the industry, reflecting Axiom's history
of leading legal services transformation—such as establishing our
Arizona-based affiliated law firm.
Axiom is disrupting the industry again with the most robust bench
of on-demand AI legal talent out there, which we'll continue to
invest in for our clients. Our bench lets clients deploy large
numbers of the best legal minds to train legal generative AI models
and establish innovative partnerships between technology and human
talent. This ensures legal AI meets the trustworthiness and
compliance standards both lawyers and tech vendors need before they
can harness the power of AI."
For more information or to talk to an Axiom representative,
visit
https://www.axiomlaw.com/practice-areas/artificial-intelligence.
For more information about Axiom, please visit our website, hear
from our experts on the Inside Axiom blog, and connect with us on
LinkedIn.
Related Axiom News
- Axiom Completes Over 250 Large Legal Projects, Expands Program
with Law Firm Services
- National Study Reveals In-House Legal Teams Face a Perfect
Storm of Rising Law Firm Costs and Talent Shortages Amidst
Increasing Workloads and Complexity
- Axiom Introduces New Permanent Recruitment Solutions
- Axiom Achieves Industry-Leading Scores for Talent Quality
- Axiom Marks First Full Year of Innovative Law Firm Practice,
Now Offers Industry's Broadest Array of Law Firm Services and
Solutions
- Axiom Continues to Invest in C-Suite Leadership Team with New
CFO Appointment
About Axiom Advice & Counsel
Located in Arizona, Axiom
Advice & Counsel (AA&C) is setting a new standard for the
modern law firm. From prioritizing clients and the lawyer
experience, to finding the right legal talent for the right legal
matter, AA&C's approach to the law firm model provides clients
with better value for every dollar spent on outside counsel.
AA&C represents a diverse set of clients, ranging from growing
mid-market businesses to global multinationals with large in-house
teams. The firm focuses on corporate law including general counsel
services, real estate, litigation, labor and employment, mergers
and acquisitions, data privacy, intellectual property, and
regulatory matters. For more information, please visit
https://www.axiomadviceandcounsel.com.
About Axiom
Axiom is where high-caliber legal talent meets full-service law
firm work. We invented the alternative legal services industry 24
years ago and now serve more than 1,500 legal departments globally,
including 68% of the Fortune 100, with 95% client satisfaction.
Axiom gives small, mid-market, and enterprise clients a single
trusted provider who can deliver a full spectrum of legal solutions
and services across more than a dozen practice areas and all major
industries at rates up to 50% less than national law firms. To
learn how Axiom can help your legal departments do more for less,
visit axiomlaw.com.
1
https://www.lexisnexis.com/community/insights/legal/b/thought-leadership/posts/corporate-legal-departments-are-seizing-the-genai-opportunity
2
https://www.law.com/legaltechnews/2023/11/07/reinventing-the-legal-department-a-roadmap-to-integrating-ai-for-strategic-business-advancement/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/axioms-ai-legal-talent-bench-surpasses-200-lawyers-302150608.html
SOURCE Axiom