Extract from Isha Marathe’s article “Generative AI Is Spurring New In-House Data Governance Roles”
There are likely more artificial intelligence-powered tools looking to automate time-consuming tasks for law firms and legal departments on the market than ever before. But that doesn’t mean that in-house lawyers are all well placed to use them.
Jeffrey Solomon, vice president and general manager of LegalView BillAnalyzer, Wolters Kluwer’s AI-powered spend management tool, told Legaltech News that before legal departments can leverage AI, having clean, organized data and appropriate tools to capture spend is essential.
Below, Legaltech News caught up with Solomon to discuss the biggest data governance struggles legal departments face, how generative AI has influenced data governance strategies and what the future holds for corporate legal departments eager to use AI.
The following conversation has been edited for length and clarity.
Legaltech News: What is the ideal data governance structure of a legal department to be conducive to AI-powered tools that capture spend, such as Wolter Kluwer’s LegalView BillAnalyzer?
Jeffrey Solomon: So the ones who were capturing data and doing it in a quality-controlled way—well thought out fields and forms, data ingestion at the right points in time, in some cases, collaboration with the law firms around providing data so they have in-work flow data updates happening, and doing that in kind of a controlled way—are in a better place [to use AI tools].
