Most compliance professionals are familiar with five key stages of internal investigations – (1) opening the investigation; (2) soliciting stakeholder engagement; (3) gathering facts; (4) reporting findings; and (5) determining remediation. However, as generative artificial intelligence (AI) tools like Microsoft Co-Pilot become readily available to investigating teams, how to move through those stages has changed in the past two years, according to a panel discussion at the Society for Corporate Compliance and Ethics’ Compliance & Ethics Institute. This article provides tips on how to manage the investigation lifecycle while leveraging AI tools. See “Outside Counsel Perspectives on Key Steps in Internal Investigations” (Jun. 10, 2020).