More than two thirds of firms exploring at how AI could change client due diligence
Summary
A Thirdfort report suggests AI adoption in client due diligence is gaining traction across law firms, with most respondents researching or trialling potential uses and a small minority already embedding AI into workflows. The survey also found rising compliance pressures, with GDPR, explainability, auditability and regulatory uncertainty cited as key barriers to wider adoption.
Why it matters
Client due diligence is a core part of conveyancing and related property transactions, so changes in AI-enabled compliance processes may affect how firms verify identity, assess risk and manage documentation. Surveyors working alongside conveyancers should be aware of evolving workflows and the compliance expectations that may shape transaction timelines and information requests.
Key points
- 68% of firms are researching, trialling or exploring AI for client due diligence.
- 6% say AI is already embedded across their workflows.
- GDPR, explainability/auditability and regulatory uncertainty are the main barriers to adoption.
- Common uses include drafting documents, summarising regulations and document verification.
- Compliance leaders report increased demands on their function over the past 12 months.
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