P2P

Spring24

Peer to Peer: ILTA's Quarterly Magazine

Issue link: https://epubs.iltanet.org/i/1521210

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61 I L T A N E T . O R G 10. Document best practices and learnings: Record challenges, solutions, and successes throughout the AI integration process to inform future initiatives. Additional Resources Our recent webinar, "LLM's Unleased: Applying ChatGPT in information governance & compliance," part of ILTA's Masterclass series, explored the intersection of IG and AI. Chris Hockey, a Senior Associate with Alvarez & Marsal's Information Risk and Governance services, offered vital insights into optimizing interactions with large language models (LLMs) for IG within the legal sector. He created a practical resource that outlines practical prompting techniques, ways to integrate audience specificity, and how to structure prompts for clarity and efficiency. It also provides a wide range of example prompts that can be used for: • Enhancing decision-making. • Ensuring regulatory compliance. • Streamlining records management. • Facilitating data privacy management. • Customizing information policies. • Promoting knowledge sharing and collaboration. • Developing training and professional development. This starter guide for law firms aiming to navigate the complexities of AI integration can be found here. As we conclude, it is evident that information governance plays a pivotal role in harnessing AI's capabilities within law firms, ensuring that data management aligns with legal, ethical, and operational standards. Integrating AI into IG practices promises to reshape the legal landscape, offering unprecedented efficiency, security, and strategic insights. The dynamic interplay between AI and IG will only become more critical as law firms navigate the complexities of a data- driven world. Embracing a proactive approach to IG and AI integration is advisable and essential for law firms aiming to excel in this evolving environment, marking the path toward innovation, compliance, and competitive advantage. ILTA Chris Giles is CEO and Founder at LegalRM, which creates market-leading software, services and solutions for records, risk and compliance management and serves some of the world largest law firms as well as blue chip organizations from other industry sectors. • ILTA Masterclass: Unlocking AI success through a strong information governance framework » • ILTA Masterclass: Leveraging AI for information governance » To find out more about the synergies between information governance and AI watch the LegalRM webinar series:

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