No matter how much conditions
change in the legal industry over the years, Nancy's forward thinking allows InOutsource to continuously grow and adapt in service of clients» evolving needs.
If you take a step back — and look at the arc of
change in the legal industry over the past 50 years — you will see that the current shifts are part of a continuum:
Not exact matches
Susskind is surely right that clients want more for less, and that technology has the potential to drive massive
change in the
legal industry,
over time.
The social housing
industry has experienced considerable
change over recent years, and our team has helped our clients cope with those
changes through
in - depth
legal knowledge and commitment to the sector.
Artificial Intelligence is no longer a future concept — routine
legal tasks are already being taken
over by technology, and it's causing some major
changes in corporate law, as well as other areas of our
industry.
Some
change in the
legal industry will occur
over time.
Over the next decade, many will participate but a much smaller number will lead and profit from the outcome of
change in the
legal industry.
Dave talks about the major
changes that have occurred
in the
legal industry over the past 30 years, and how attorneys can adapt their practice
in order to grow and thrive
in the new
legal landscape.
Conservatism
in the profession —
in which all of the above play a role — is one of four vectors of
change Fodden identifies as affecting the
legal industry (along with globalization, the economy and technology), and is the only one
over which lawyers themselves have some degree of control.
It says: «Lawyers, law firms, and the overall
legal industry in Canada will be facing a complex and compelling set of challenges
over the next decade as they endeavour to remain viable, competitive and relevant
in the face of a wave of fundamental
change.
These factors include supplier's performance
over the current contract term, the strength of the relationship with the supplier, the alignment of the current outsourcing model with customer's strategies and objectives, any
change in customer's operating model, strategy or requirement since the initial contract was executed, whether the customer expects that its operating model, strategy or requirement may
change during the renewal term, the capability of supplier to support customer future growth, supplier's innovation and flexibility, the cost of transition, the ability of customer to manage the transition, the level of risk during transition given other initiatives, the availability of other service providers,
changes in appetite for risk,
changes in the outsourcing
industry,
changes in the
legal and regulatory environment.
Jordan Furlong talks about the
changes in store for the
legal industry over the next 5 - 15 years, and what those
changes mean for lawyers who will be practicing during (and after) them.