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Oct 04, 2023

Governance Matters podcast: Research shows AI can help law students. What does that mean for in-house counsel?

In this episode we also hear from director Margaret Preston about some of the challenges facing boards in 2024

Artificial intelligence (AI) is set to have far-reaching implications for in-house and private practice lawyers but, with use still limited, it’s helpful to look for clues and evidence that point to what those effects might be.

In the latest episode of Corporate Secretary’s Governance Matters podcast, we do just that. Daniel Schwarcz of the University of Minnesota Law School tells editor-at-large Ben Maiden about new research he and his colleague Jonathan Choi conducted into law students’ use of AI for legal analysis – and discusses what the findings might mean for recruiting, training and assessing lawyers at companies and law firms.

Schwarcz and Choi ran an experiment by administering law school exams to students both with and without access to GPT-4. They found that using the AI tool can have significant influence on students’ performance, although the effects vary depending on the type of exercise being undertaken and students’ initial skill levels.

Margaret Preston
This episode also features an interview with Margaret Preston, who sits on the board at Otis Worldwide Corporation, where she is chair of the nominating and governance committee, and at McCormick & Company, where she is a member of the compensation committee. Preston is National Association of Corporate Directors directorship-certified.

She explains some of the areas boards are focused on at this time of year, including preparations for new proxy statements. She also discusses the role of boards as some companies face pushback against ESG initiatives, whether boards need subject-specific experts and how corporate secretaries and general counsel can best support their boards in 2024.

The Governance Matters podcast provides listeners with insight into cutting-edge issues of the day for corporate secretaries, general counsel and other governance professionals.

The series looks at how the roles of the corporate secretary and the board have evolved over time, as well as how the governance landscape continues to change. From ESG to entity management, shareholder engagement to technology, hear from award-winning governance professionals and leading advisers about the latest public company governance matters.

Click here to listen and subscribe on Apple podcasts, Spotify, Acast or wherever you get your podcasts.



Ben Maiden

Ben Maiden is the editor-at-large of Governance Intelligence, an IR Media publication, having joined the company in December 2016. He is based in New York. Ben was previously managing editor of Compliance Reporter, covering regulatory and compliance...