Steven Gunby on general counsel
From Opening Remarks With Steve Gunby: Navigating Artificial Intelligence · · FTI Consulting
“The general counsel's role has become increasingly important and broad, often acting as the chief line manager in charge of crises that involve both legal and broader business issues.”
On , Steven Gunby, President, Chief Executive Officer & Director at FTI CONSULTING INC, spoke about general counsel during Opening Remarks With Steve Gunby: Navigating Artificial Intelligence on FTI Consulting.
About Steven Gunby
In November 2024, Gunby delivered opening remarks at a Wall Street Journal and FTI Consulting event on artificial intelligence, where he compared the current state of AI to the splitting of the atom and the Industrial Revolution. He stated that AI will allow machines to exceed humans in intellectual ability, and he cited Bill Gates’ observation that people tend to overestimate technological change in the short term and underestimate it in the long term. Gunby also described FTI Consulting’s role in major corporate crises, noting that the firm has 6,500 professionals globally and works on investigations, bankruptcies, and crisis communications. At a September 2024 event on white-collar investigations, Gunby discussed the expanding role of general counsel, saying they are increasingly becoming the line manager in charge of crises. He noted that the probability of a major company facing a "Black Swan" event over five years approaches zero, citing examples such as Wells Fargo and FTX. Gunby also described FTI Consulting’s work on investigations including those involving Lehman Brothers, Hertz, and Steinhoff, and said the firm has doubled in size over the past six years to a market capitalization of about $7 billion.