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AI-led advancements, projected to grow over 30% by 2031 (2024-2031 Global LegalTech AI Report), are reshaping everything from legal research to contract analysis and compliance monitoring.
This emerging area of law is broad and can require lawyers to act as advisors, compliance consultants, policy analysts, risk assessors, and plaintiffs in court. They also often help with litigation and formal hearings if compliance issues arise with agreements relating to energy harvesting, production, and use.
7 Regulatory compliance Legal tech addresses the growing complexity of regulatory compliance by offering solutions that help businesses stay updated and compliant with evolving requirements. The BLS predicts that the number of jobs for attorneys will grow by 10 percent from 2021-2031, faster than the average for all professions.
Companies developing Federal Trade Commission (“FTC”) compliance programs, or under investigation by the FTC’s Bureau of Consumer Protection, should be aware of significant developments impacting the Commission’s regulatory authority and enforcement priorities. The funding would have been provided until 2031.
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