AI Missteps in Transactional Work Are Slow to Surface, but ‘Time Bombs’ Are Likely
By Jon Campisi
Jeffrey Lowe, CenterPeak’s Market President of Washington D.C., warns that AI misuse in transactional work has the potential to be a "blockbuster” event that could result in multi-million or even billion-dollar consequences. Unlike litigation, where AI mistakes are typically discovered during a case and may not alter outcomes if caught early, transactional errors often go unnoticed until after final deal paperwork is submitted, leading to potentially disastrous financial repercussions. Lowe's commentary underscores the heightened stakes for transactional attorneys, whose AI-related mistakes may carry significant reputational risks and possible increased insurance costs alongside the immediate financial impact on deals.
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