The AI cracks are starting to show at law firms

cityam13:00

AI 'hallucinations' and security concerns are exposing AI cracks Law firms have poured vast sums into AI in a race to modernise, but ‘hallucinations‘ and security concerns are exposing the technology’...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2629468009?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2026/04/Gemini_Generated_Image_vb74kivb74kivb74-e1776859832540.png?w=824&h=463&crop=1","is_english":true,"pubTime":"2026-04-23 13:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2629468009","market":"us","top_or_hot":-1,"title":"The AI cracks are starting to show at law firms","media":"cityam","content":"<div>\n<p>AI 'hallucinations' and security concerns are exposing AI cracks Law firms have poured vast sums into AI in a race to modernise, but ‘hallucinations‘ and security concerns are exposing the technology’...</p>\n\n<a href=\"https://www.cityam.com/the-ai-cracks-are-starting-to-show-at-law-firms/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The AI cracks are starting to show at law firms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe AI cracks are starting to show at law firms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-23 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/the-ai-cracks-are-starting-to-show-at-law-firms/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AI 'hallucinations' and security concerns are exposing AI cracks Law firms have poured vast sums into AI in a race to modernise, but ‘hallucinations‘ and security concerns are exposing the technology’...</p>\n\n<a href=\"https://www.cityam.com/the-ai-cracks-are-starting-to-show-at-law-firms/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AGIX","symbol_name":"通用人工智能 ETF-AGIX","start_time":0,"source_url":"https://www.cityam.com/the-ai-cracks-are-starting-to-show-at-law-firms/","article_id":"2629468009","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/04/Gemini_Generated_Image_vb74kivb74kivb74-e1776859832540.png?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/the-ai-cracks-are-starting-to-show-at-law-firms/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2629468009","pubTimestamp":1776920400,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"AI 'hallucinations' and security concerns are exposing AI cracks Law firms have poured vast sums into AI in a race to modernise, but ‘hallucinations‘ and security concerns are exposing the technology’s risks, writes Maria Ward-Brennan. There has been intense pressure on legal, advisory, and consultancy firms to invest in, embed, and deploy AI over the last couple of years, but this pressure is now starting to crack the foundations of the models they’ve relied on for years.City law firms have been ploughing hundreds of millions of pounds into AI, with a key focus on tech investment to stay ahead of what clients want and expect. The importance of tech spend has led private equity to surge as UK law firms seek external capital to fund expensive AI budgets.It is a pivotal point in history for this industry, especially for lawyers, who – despite being traditionally risk-averse – are putting more and more of their chips on AI.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AGIX":"通用人工智能 ETF-AGIX","ARTY":"ISHARES FUTURE AI & TECH ETF","BK4543":"AI","BK4551":"寇图资本持仓","AIYY":"YIELDMAX AI OPTION INCOME STRATEGY ETF","BK4587":"ChatGPT概念","AIPO":"Defiance AI and Power Infrastructure ETF","BK4528":"SaaS概念","BK4588":"碎股","BK4023":"应用软件","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","AI":"C3.ai, Inc.","BK4585":"ETF&股票定投概念"},"translate_title":"人工智能裂缝开始在律师事务所显现","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":0.9,"AIPO":1.5,"AGIX":1.5,"CHAT":1.5,"ARTY":1.5,"AIYY":0.6},"content_text":"AI 'hallucinations' and security concerns are exposing AI cracks Law firms have poured vast sums into AI in a race to modernise, but ‘hallucinations‘ and security concerns are exposing the technology’s risks, writes Maria Ward-Brennan. There has been intense pressure on legal, advisory, and consultancy firms to invest in, embed, and deploy AI over the last couple of years, but this pressure is now starting to crack the foundations of the models they’ve relied on for years.City law firms have been ploughing hundreds of millions of pounds into AI, with a key focus on tech investment to stay ahead of what clients want and expect. The importance of tech spend has led private equity to surge as UK law firms seek external capital to fund expensive AI budgets.It is a pivotal point in history for this industry, especially for lawyers, who – despite being traditionally risk-averse – are putting more and more of their chips on AI. \n\nThis funding has resulted in a booming legal AI startup industry, with Harvey reaching an $11bn valuation and Legora valued at over $5.5bn. There is so much money in this sector that these companies are trying to out-celebrity each other in market campaigns. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHarvey recruited the actor who plays Harvey Specter in the TV show Suits as its first-ever brand ambassador. But then Legora recently one-upped it by hiring actor Jude Law and running a ‘Law just got more attractive’ campaign that’s been all over London, including in City AM.Law firms are throwing cash – both from their profit pools and borrowed money – into AI, but it isn’t always smooth sailing.‘That is not even a real law’ Top firms have been encouraging their juniors, and in some cases, paying, to ‘train’ up their AI model, but even with all the training, ‘AI hallucinations’ (otherwise known as ‘getting it wrong’) have exposed serious flaws, leading to costly mistakes.\n\nThis week, it was revealed that elite US law firm Sullivan & Cromwell had to apologise to a judge after its restructuring team made a filing in a high-profile case that contained multiple AI-generated ‘hallucinations’.The head of its restructuring practice, Andrew Dietderich, apologised in a letter to the New York federal judge for mistakes that included misquoting the US bankruptcy code and citing cases incorrectly in a court filing.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629468009","isCrawlerRequest":true}