The regulatory sandbox modelA regulatory sandbox is a policy tool through which organizations can offer and test new models or services to assess marketability and impact, and to inform future policymaking while maintaining consumer protection. Regulatory sandboxes involve risk-based regulation and include one or more regulatory models. The regulatory sandbox model was first developed in
Arati Prabhakar, Director of the White House Office of Science and Technology Policy (OSTP), recently referred to artificial intelligence (AI) as “one of the most consequential technologies of our times.” While AI is not new, we have seen advances in generative AI at an astonishing rate over the last year. The potential for AI’s impact
IAALS, the Institute for the Advancement of the American Legal System, and the Law School Admission Council (LSAC), today announced a new joint project—Foundations 2.0—designed to provide a comprehensive updated view of the skills and competencies new lawyers need to succeed and serve clients well in the rapidly evolving legal profession. The Foundations 2.0 project represents
In the fall of 2021, IAALS launched a virtual summit series, Paths to Justice, to underscore not only the challenges of the moment but also the substantial opportunities for systemic change. The series was comprised of multiple invite-only virtual convenings as well as a series of webinars focusing on the paths of the pandemic,