The Legal Landscape
According to Deloitte, 100,000 legal jobs will soon be automated in response to technological trends, demographic dynamics and the prevailing demand for quality representation in exchange for the best price.
“Law firms will need to have a clear strategy for dealing with changes in client demands, technological innovations, the regulatory landscape and policy developments if they want to remain competitive and ensure they attract the best talent.”
In a little over a decade, the way legal firms operate will shift dramatically, as predictive analysis reveals 39% of administration positions will be streamlined by maturing automation and storage technologies. Going forward, the ability to demonstrate strategic value will be the deciding factor of your success, as clients will expect end-to-end efficiency, reduced paper processing times, learned expertise and quality service.
Australian legal firms are being challenged to progress beyond the lecture pad and pen manual mentality. While not every practice is capable of making the switch – partner buy-in, limited skillsets and firm size all influence necessity – continued success will become predicated on resource and talent agility. Clients will no longer accept long waiting times or pay for process inefficiencies.