Closing the AI Governance Gap: Exploring Chief LegalX Panel Insights

Venturelegal32

Organizations are moving at breakneck speed to adopt AI yet the governance is having to play catch-up. This is often the case in the public sector but we’re seeing this in the private sector as well.

The data on the state of AI governance speaks for itself.

“As data breaches grow costlier, ungoverned AI creates new risks,” wrote Cybersecurity Dive in July, citing data that the vast majority (92%) of organizations that suffered attacks on their AI models failed to properly control access to those tools.

Likewise, the 2026 State of AI Governance Report from Schellman found that while many organizations have built the foundations needed for AI governance, they are still struggling to operationalize policies, as 90% of organizations were found to have allocated funding for AI governance, yet only 27% describe their governance programs as fully mature.

While ungoverned AI is creating new risks, and as organizations are lacking mature governance programs,  at the same time, organizations are under continued pressure to keep moving fast with AI adoption.

Read the full story

  • LegalTech Goes Global! (Part 1)

    By Monica Zent | September 24, 2025

    When Business Insider, reporting that LegalTech funding had crossed $1 billion so far this year, curated a select list of 10 LegalTech startups, two hailed from outside the U.S. – Sweden’s Legora, which had an $80M raise in May, and Britain’s Luminance, which had a $75M round in February.  This week’s edition of Venture Legal…

  • ”Where Do the Dollars Go Next?” Funding, Adoption & Competition in LegalTech

    By Monica Zent | September 11, 2025

    “A foundational shift is underway in the legal sector – driven by generative AI, rising cost pressures, and a new wave of founder-led innovation,” wrote Alumni Ventures’ Clare Brandfonbrener this summer. “But this won’t be a winner-take-all market,” she notes. Amid rapid AI-driven change, big startup funding rounds, and intense competition for market share, in…

  • State of Change: Exploring the Impact of the Evolving State AI Regulatory Environment

    By Monica Zent | August 20, 2025

    As the AI boom continues, the numbers can be startling. CNBC reported that AI startups have minted dozens of new billionaires this year, and there are now 498 AI unicorns with valuations of $1 billion or more, with a combined value of $2.7 trillion. For companies operating in this space, maintaining regulatory compliance has become…