See what the future of legal holds
The legal profession is going through significant change. Legal teams must adapt quickly to changing client and employee demands brought on by advances in technology. There is a growing need to get more value from legal services and those teams that succeed will be agile, innovative and knowledgeable.
Find out more about three areas where we expect to see significant change in the future: technology, people and business.
Technology
Technology has been one of the biggest disruptors to the legal sector in recent years, and we don’t expect that to change. Whether teams embrace this and turn it to their advantage will be the difference between success and failure.
Legal teams will look at all touchpoints of their work and identify what can be done quicker and more efficiently through the use of technology. The adoption of technology will aid in increasing work-product quality, consistency and reduce risk.
‘LegalTech’ businesses will start to challenge traditional legal services. There will be increasing financial backing in lawtech start-ups from outside investors looking to capitalise in this new environment.
Teams will see cost savings as technology begins to replace humans for simpler, more routine tasks. These cost savings can then be re-invested elsewhere in the business.
Legal teams will focus on advising on cyber security, data protection and new technology laws. They will also invest heavily in cyber security to keep their own (and client) data safe
The rise of technology has created plenty of headlines, but we need to consider it as an opportunity rather than a threat. Automation will take on more routine tasks, but this will allow non-fee earning staff to upskill and add even more value to the business. In the future, technology will free up resources, allowing legal teams to provide a high-quality, personalised service to all clients, regardless of their individual needs.
We are able to provide in-house legal expertise, proven consulting services and an innovative approach, to help legal teams embrace technology and transform. Because we work across the entire transformation journey, from advisory to operations, we can help you merge technology and legal expertise to protect, grow and optimise your business.
People
All organisations will be affected by changing employment laws and the workforce of the future. Understanding and complying with these changes will require business leaders to collaborate with tax, procurement, HR, finance and legal teams.
Legal professionals and general counsel must have a central role in developing a future people strategy for any business.
Preparing early on for these future legal issues early is important for success. We can partner with general counsel, HR directors, heads of reward and diversity teams, and other legal advisers to help them understand any people-related legal issues they want to address.
- Changing workforce
- Diversity
- Immigration
Changing workforce
With the gig economy and contingent workers representing fast-moving areas in employment law, businesses will need to ensure related risks are properly mitigated.
Diversity
Inclusion and diversity will remain a top priority for organisations. Employers will look for detailed legal advice and data analytics to understand pay gaps, such as gender and ethnicity, within their organisation. As a result, they will be able to effectively communicate to employees, and take appropriate steps to address any inequalities they identify.
Immigration
As business becomes increasingly global, legal teams will be able to show their value by seamlessly managing the movement of staff across the world.
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