Shari Klevens (left) and Alanna Clair of Dentons. (Courtesy photos) Does the Duty of Competence Extend to Developments in Technology?
There can be risk for lawyers who do not take steps to keep abreast of developments in technology that could impact their practices.
June 03, 2024 at 10:28 AM
6 minute read
Commentary
As a profession, lawyers are largely considered to be slow adopters of technology. Lawyers are trained to be cautious and conscientious and to consider risks of the way they approach an issue. Sometimes this leads to lawyers being slower to incorporate new developments in technology into their own practices than their peers in other fields of work.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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