Embracing the Future
The legal sector isn’t the only domain poised to be transformed by cutting-edge technology. In software development, AI assistants like GitHub Copilot, Anthropic’s Claude, and others are reshaping workflows:
- GitHub Copilot now contributes ~46% of code on average.
- Major firms report that 20–30% of new code is AI-generated, with Google at 30%, Microsoft at ~30%, and others like Robinhood estimating nearly 50%.
These statistics underscore a broader shift: mechanical and repetitive coding tasks are now increasingly automated, freeing human expertise for strategic, creative and high-value work.
At IC RegFin Legal, we have resolved to innovate efficiently, leveraging AI to enhance our documentation workflows, and internal processes wherever possible. Early pilots have demonstrated promise, though they remain supplementary to our legal expertise.
This isn’t unlike early AI-coding applications: there is significant promise, however, the practice of law supplemented by AI continues to require substantial human guidance. We firmly believe that the role of a lawyer: as your counsel, strategic adviser, and regulatory partner, remains indispensable.
Jurisphere
In line with our commitment to innovation, IC RegFin Legal is glad to announce its adoption of Jurisphere, a leading AI-powered legal platform.
The decision to integrate an AI platform was not taken lightly, with data security and client confidentiality being paramount concerns for IC RegFin Legal. The firm conducted a thorough evaluation of Jurisphere’s security architecture. Jurisphere is built with enterprise-grade security to meet the stringent demands of law firms. It is SOC 2 Type II and ISO 27001 certified, ensuring that all internal processes, infrastructure, and data handling meet globally recognized security standards. Data is encrypted both in transit and at rest, with role-based access controls, multi-factor authentication, and audit logs to monitor all user activity.
As these AI systems mature, IC RegFin Legal anticipates delivering superior quality services, maintaining cost-effectiveness, and ensuring strategic human oversight for nuanced legal judgment and risk mitigation.
