Wealth lawyers warn clients over AI chatbot legal advice risks
Updated
Updated · CNBC · Apr 30
Wealth lawyers warn clients over AI chatbot legal advice risks
12 articles · Updated · CNBC · Apr 30
US advisers including Day Pitney, Weinstock Manion and Huntington Bank say wealthy clients are uploading trust documents and tax queries to tools such as ChatGPT and Claude.
They say chatbot answers can miss crucial personal facts, generate unusable suggestions and increase billable time, while shared information may lose attorney-client privilege and later be used in court.
One firm is revising client contracts after a February federal ruling found a criminal defendant's Claude discussions about defence strategy were not protected, underscoring wider privacy and reliability concerns.
A federal judge ruled AI chats aren't legally privileged. Could your private data become public evidence?
With AI confidently giving flawed legal advice, are lawyers now walking into a malpractice minefield?