AI & Law: Garnering C-Suite Buy-in

Seeking needed funding for LegalTech can leverage latest attention to AI

by Dr. Lance B. Eliot

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Key briefing points about this article:

• Most companies require C-suite buy-in or approval for their by-function budget requests
• As a longtime CIO/CTO, I’ve worked hand-in-hand with Chief Legal Officers (CLOs) to garner funding support for the legal side
• Turns out that trying to get the C-suite to spend toward LegalTech is an ongoing uphill battle
• A recent EY Law and Harvard Law School survey showcases those difficulties
• Leveraging and capitalizing on touting AI-based LegalTech can boost or inure a C-suite budgetary buy-in

Introduction

Do you like those classic show-tunes and songs that make your heart sing? I hope so. Here’s a line that might bring a smile to your face and give you a moment to step aside from your daily pressures. A spoonful of sugar makes the medicine go down. Yes, the medicine goes down, the medicine goes down.