Legal Exchange: Insights & Commentary

ChatGPT-Drafted Legal Filings Could Drown Unprepared Companies

The Nippon–OpenAI lawsuit highlights the potential legal and ethical implications of AI systems providing professional advice without proper oversight. Companies should adopt a layered strategy to protect against AI-generated legal documents and lawsuits.

Five Questions With EisnerAmper Tax Partner Dean Peterson

Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days. This week’s answers are from Dean Peterson, partner-in-charge of EisnerAmper’s international tax practice.

AI-Native Firms, Built by Private Equity, Will Strain Legacy Model

AI-native law firms represent a new strategic paradigm—one that sidesteps both the cultural resistance of established law firm partnerships and the circuitous investment models that try to work around them, Cox Media Group GC Eric Greenberg writes.

How MSOs and Outside Capital Could Solve Law Firm Succession

For the first time, aging law firm owners have a succession option that doesn’t require internal buyers, competitor sales, or wind-downs: Management Services Organizations, or MSOs.

Prediction Market Prosecutions May Be Curbed by Decades-Old Case

Depending on the language of prediction markets’ user agreements and terms of service, and the timing of users’ execution, prosecutors may find that charging insider trading as wire fraud is constrained by a precedent in a 2016 case that reversed a highly publicized jury verdict.

Professional Perspectives give authors space to provide context about an area of law or take an in-depth look at a topic that could benefit their practice.

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