The rapid adoption of artificial intelligence (AI), particularly generative AI (GenAI), is transforming how professional services and financial services firms operate. We have published a new briefing note which is the first in a two-part series examining privilege and AI. In Part 1 we set out: (1) a recap on key privilege principles and interaction with GenAI tools; and (2) privilege considerations in internal firm-led reviews and investigations.
Part 2 in this series will address: (3) privilege risks when responding to Financial Conduct Authority regulatory inquiries and investigations; and (4) practical implications and recommendations for firms.