Risk Management Show AI in Legal & Compliance: Risks of Falling Behind with Chris Maguire
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Sep 4, 2025 Chris Maguire, General Manager of Product and Industry at Thomson Reuters, dives into the revolutionary effects of AI in legal and compliance sectors. He discusses how AI transforms workflows, enhances contract management, and improves compliance processes. Maguire highlights the necessity of a solid AI strategy to mitigate risks and the importance of legal teams adapting to an evolving landscape. The conversation also touches on predictive analytics and the growing role of continuous learning within the legal community. Tune in for insights that could reshape your understanding of these industries!
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Legal And Compliance Are Converging
- Legal and compliance are converging and technology sits at their intersection to help customers manage both areas.
- Thomson Reuters positions products to serve combined legal/compliance needs across industries.
Shift From Investigation To Prevention
- Technology enables moving from investigatory investigations to front-end fraud prevention in financial services.
- Firms now focus on preventing fraud earlier rather than only investigating after losses occur.
Explainability Is Non-Negotiable
- Explainability and transparency are key requirements for AI in compliance because regulators and internal stakeholders demand it.
- Legal teams must ensure AI outputs can be justified and audited to satisfy regulatory scrutiny.