Shoosmiths [1] [2] [3] [4], a leading UK law firm, has introduced AI Comply, an innovative AI governance service developed in collaboration with Enzai. This service aims to address the growing need for robust compliance frameworks as businesses increasingly adopt AI technologies.
Description
UK top 100 law firm Shoosmiths has launched AI Comply, an innovative AI governance service developed in partnership with Enzai, a provider of governance [1], risk [1] [2] [3] [4], and compliance solutions [1] [4]. This tool is designed to assist businesses in navigating the compliance challenges associated with the use of large language models (LLMs) and the broader AI regulatory landscape. As AI adoption continues to grow, with approximately 68% of large companies and 33% of medium-sized companies integrating AI technologies [3], the demand for sophisticated compliance frameworks has become increasingly critical.
AI Comply combines Enzai’s advanced governance workflows and automations with tailored legal guidance from Shoosmiths’ expert lawyers [2], offering a comprehensive solution for legal advice [4], technology governance [1] [4], and operational support in managing AI ecosystems [1] [4]. Launched through Shoosmiths EIGHT [1] [4], the firm’s connected services division [1], this modular, scalable [2], and adaptable toolkit is designed to meet the needs of organizations of all sizes and across various jurisdictions.
The rising use of AI technologies has led to intensified regulatory scrutiny [3], particularly with the introduction of global regulations such as the EU AI Act and forthcoming UK legislation [3], which impose significant compliance obligations [3]. Non-compliance can result in severe financial penalties [3], including fines of up to €35 million or 7% of global annual turnover under the EU AI Act [3], as well as reputational and operational risks [3]. A recent report highlights that over 80% of general counsels expect AI-related disputes to pose a high or moderate risk to their organizations in the coming year [3], emphasizing the necessity for effective compliance strategies in this evolving landscape. AI Comply further supports companies in establishing accountable [4], transparent [4], and compliant AI ecosystems by integrating governance processes with industry-specific legal advice [4].
Conclusion
The introduction of AI Comply by Shoosmiths and Enzai represents a significant advancement in AI governance, addressing the critical need for compliance in an era of increasing AI adoption. By providing a comprehensive toolkit that combines legal expertise with advanced governance solutions, AI Comply helps organizations mitigate risks and navigate the complex regulatory environment, ensuring accountable and transparent AI ecosystems.
References
[1] https://cirmagazine.com/cir/c2024101403.php
[2] https://www.legaltech-talk.com/shoosmiths-and-enzai-unveil-ground-breaking-ai-compliance-solution/
[3] https://legaltechnology.com/2024/10/14/shoosmiths-and-enzai-launch-ai-compliance-platform/
[4] https://www.artificiallawyer.com/2024/10/14/shoosmiths-taps-enzai-for-ai-governance-service/
