Don`t change the way you work ● We adapt to your style and way of working ● Apply technology to your case with minimal changes to your workflow September 2, 2021Law is a profession and practice based on laws and codes, jurisprudence and standards. Lawyers place a high value on historical approaches and past decisions, but our profession increasingly relies on technology and design thinking to change the way lawyers work and help solve problems and promote justice. In this series of articles In the Balance, entitled Innovate | In the legal field, we will explore McKinsey Legal`s ideas and pilots to advance the legal profession and our consultants` position as innovative thinkers and facilitators serving our in-house clients. Creating integrated interdisciplinary teams can both minimize delays in the development of new technologies and ensure that this technology is optimized to stand the test of time in a changing legal and regulatory environment. Development teams that learn to constantly work with experts in law, risk, quality assurance and more are likely to be the ones developing technologies to change the world for years to come. With that in mind, we recently released a framework and approach to know and manage your biggest AI risks, including the concept of “Tech Trust Teams,” or “3T” for short. 3T includes legal, risk and technology professionals who work as a team from the outset of a new project, ensuring that risk considerations are “embedded” into the development lifecycle. The 3T approach is a learning path that trains non-technical members of an organization whose expertise is critical to the successful creation of products and services to continually engage with technology development teams and proactively integrate risk considerations into future-proof design and innovation. As is often the case with new technologies, the accelerated development of AI poses challenges for regulators and, as a result, a comprehensive regulatory system is just beginning to form. Governments are working hard to keep pace with new technologies. The draft EU AI regulation is the first comprehensive legal system to include such processes, which has led to a regulatory landscape around new technologies that is becoming increasingly complex by the day. As technology advances and legal interpretations do not adapt to new circumstances, events or knowledge, “executing a project by lawyers” may not be as easy as before. Lawyers face unprecedented challenges when dealing with advanced AI projects or other unknown technology projects.
It could even lead to delays as legal teams try to learn and understand the new technology they`re working with, and in the worst case, it could even mean abandoning a project rather than allowing risks later. High-resolution picture-in-picture video statements with courtroom presentation software and live digital document annotations at the time of termination ● Rely on technology, go digital! Looking for an advantage? Experience matters ● Trust your testing technology ● We were there ● Let us take care of the presentation while you focus on hearing your case 3T teaches lawyers how to use technical delivery models (e.g., agile sprints, stunts, etc.) from product launch to market launch to keep an effective eye on risk mitigation throughout the process. With 3T, lawyers and risk professionals gain a deep understanding of innovative technology. By partnering with developers throughout a product`s lifecycle, the regulatory approach can keep pace with technological improvements and changes. 3T provides an effective way to integrate holistic risk assessments and mitigation strategies into the design process. This, in turn, enables teams to gain impact and competitive advantage with innovative products. The first part of a series on legal innovation that we call Innovate| Legal: Tech Trust Teams (3T) is a team structure that we have developed internally for the use of new technologies. As teams evolve at the pace of innovation, lawyers and risk specialists are better engaged in real time by participating in development sprint readings and working with the team throughout the project lifecycle to ensure the sustainability of the emerging regulatory and legal landscape. A picture is worth a thousand words ● Show juries the story beyond the transcript ● Well-made professional legal video Global General Counsel of McKinsey Digital, McKinsey Digital`s first global legal counsel and based in the New York office. Rachel specializes in emerging technologies, digital transformation, legal innovation and design thinking.
Prior to joining McKinsey, Rachel founded and was creative director of a fashion brand that was featured at Fashion Weeks in New York, Milan and Paris, and she enjoys making cement furniture in her spare time. In your case ● When using courtroom technology ● In testing technology, pattern recognition of what works to create and deploy technologies often changes too quickly for lawyers or development teams to rely on methods that worked six months ago. This reality carries real risks that legal concerns will unnecessarily slow down or stop innovative projects, missing opportunities to support innovative teams seeking benefits for early adopters. On the other hand, ongoing projects may be exposed to excessive and unnecessary risks because the Legal Service has not had enough time to carry out a thorough review. Teams need real-time guidance based on an understanding of emerging technologies and complex regulatory, ethical, and technical considerations. Meeting this need is hampered not only by the speed of change, but also by organizations with siloed departments that independently review products and services may not be able to address risk, ethics and risk considerations holistically. As the evolution of 3T demonstrates, at McKinsey we are constantly rethinking our thought leadership, support approach, and the right delivery model to get great legal advice. We developed this new testing and validation process through an agile approach for two main reasons: First, given the changing regulatory, governance, and reputational risk landscape in the emerging technology space, we have seen many companies grapple with how to approach the development and deployment of new technologies.