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From vision to value

How your legal department can help deploy and scale your Generative AI program with speed and confidence

Generative AI presents a significant opportunity for businesses seeking to innovate and enhance efficiency. However, scaling its deployment requires careful consideration of the legal*, ethical, and regulatory landscape to mitigate risks and ensure responsible implementation.

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Gen AI: the opportunities and risks

At least 80% of CLOs surveyed across the United States, Europe, Australia, and Canada say they are comfortable providing legal advice on issues involving Generative AI (Gen AI). While many organizations are eager to capitalize on GenAI's benefits, moving from pilot projects to full-scale deployment requires careful consideration, particularly in a constantly shifting legal and regulatory landscape. This report explores the critical balance between rapid adoption and risk mitigation, providing insights into how organizations can confidently implement Gen AI solutions, while safeguarding their brand, reputation, and stakeholder trust.

Success factors for legal teams:

  1. Involve legal leadership early
  2. Clarify Gen AI capabilities
  3. Prioritize training
  4. Share decision-making
  5. Prepare for AI incidents
79%

of CEOs surveyed expect GenAI to transform their organizations in the next three years

93%

of CLOs surveyed believe GenAI has the potential to bring value to their organizations in the next 12 months

68%

of CEOs surveyed say their organization has only been able to move 30% or less of their GenAI experiments into production

36%

of CLOs surveyed say their organization has only been able to move 30% or less of their GenAI experiments into production

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How to operate to move at pace

From a strategic perspective, C-suite leaders will need to think differently about:

How enterprises can use their legal departments to operate and move at pace with AI

C-suite leaders will need to think differently when planning Generative AI deployment, including the following factors: governance, talent management, leadership, data management and protection, technology infrastructure and ethics and compliance.

Use the carousel below to explore each factor.

From vision to value: How your legal department can help deploy and scale your Generative AI program with speed and confidence

Generative AI presents a significant opportunity for businesses, but scaling responsibly requires navigating legal, ethical, and regulatory complexities
 

*The Deloitte US firms do not practice law or provide legal advice.

Governance

In the age of GenAI, C-suite leaders must balance legal compliance with innovation agility. Legal teams, well-versed in the evolving regulatory landscape of GenAI, play a crucial role in advising the C-suite on a pragmatic and commercial approach to risk and compliance. This involves developing robust frameworks to assess and mitigate risks related to data privacy, IP, and ethical considerations. Effective regulations should encourage safe and responsible innovation, rather than stifle experimentation.

Leadership

C-suite leaders require an understanding of GenAI and its capabilities, risks, and the evolving regulatory landscape. However, a significant gap exists in AI literacy at the leadership level, with a recent Deloitte survey revealing that 75% of corporate board members report having little to no experience with AI. Therefore, legal departments play a vital role in providing education and guidance on AI regulation, ethical considerations, and risk mitigation strategies.

Technology Infrastructure

45% of organizations believe their technology infrastructure is prepared for AI implementation. This involves rigorous risk assessments, vulnerability identification, and collaboration between legal, IT, risk, and cybersecurity teams to establish comprehensive security protocols. Prioritization by C-suite leaders will help keep sensitive data and AI models away from breaches, effectively managing compliance with cybersecurity regulations and standards, IP laws, and data protection regulations.

Get in Touch

Bob Taylor

Bob Taylor

Managing Director | Deloitte Tax LLP
+1 617 960 5407

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