Cyber-attacks are not the only threat to law firms’ data. Incidents like power outages, equipment failures, terrorist attacks and natural disasters all pose a risk to business data and infrastructure.

There are two questions: firstly whether AI itself actually exists and secondly, whether the businesses that purport to be selling AI services are actually ‘AI washing’.

As a youth in the 80s, I never had much success with “actually I’m in insurance” as a chat-up line. It evoked the image of a corporate pencil pusher living for their retirement.

We are seeing some evidence of law firm buyers taking a more cautious approach to the way they structure deals and conduct their due diligence.

Insurance market cycles usually work in peaks and troughs, and are sensitive to interest rates – when rates are high, many write for volume so they can earn decent returns from the money they have banked.