Nelson Mullins partner Peter Lowy authored an article for Bloomberg Tax examining how artificial intelligence is changing the practice of tax law and why tax lawyers should embrace the technology rather than resist it.

Lowy discusses the risks and limitations of generative AI, including hallucinated authorities and the need for careful attorney oversight, while emphasizing that AI can serve as a powerful tool for research, drafting, document review, and other aspects of tax practice. He also addresses lawyers’ ethical and professional obligations when using AI and argues that the technology should amplify, rather than replace, the professional judgment that clients value most.

Lowy concludes that AI is not the end of tax practice but a force multiplier for lawyers willing to adapt. Drawing on Spencer Johnson’s Who Moved My Cheese?, he argues that the “cheese” has moved, and tax lawyers have an opportunity to lead the profession through the change.

Read the full article here.