25 Jan WHERE FUTURE OF LAW FIRMS SPEAKERS SEE CHANGES COMING FOR ATTORNEYS AND LAWYERS
With so many legal changes looming, future of law firms speakers have their work cut out for them in the weeks, months and years ahead. But what do attorneys and lawyers need to know here? We asked top futurist consultants and future trends experts to weigh in…
Accelerated Adoption of Legal Technology Solutions
The best future of law firms speakers underscore companies urgently integrating solutions like machine learning for discovery and contracts, analytics for strategic insights, case prediction algorithms, automated workflows, cloud data management, AI assistants for research queries and more. Tech aptitude grows as a core competency dictating strategic hiring priorities as well.
Rise of Non-Billable Value-Added Services
To attract and retain clients, particularly within in-house legal departments, experts note that law practices should expand offerings beyond strict hourly billable legal work into adjacent high-value services around compliance, consulting, project management and technology implementation. Diverse capabilities add stickiness.
Increased Specialization and Bifurcation by Practice Area
Industry analysis by future of law firms speakers points to heightened law firm specialization around niche areas of legal expertise allowing greater focus on unique client needs beyond general practitioners. Complex areas also lead firms to bifurcate standard vs premium tasks. Smart staffing optimization follows as talent segments into elite levels.
More Proactive Client Relationship Management
As competition intensifies, speakers emphasize law firms must hone preventative legal guidance skills enabling enterprise clients to preempt regulatory situations vs merely reacting to arise crises which is considered tablestakes. Strategic partnerships prioritizing business objectives retain trust and longevity.
Continued Diversity Commitments
What’s more, you’ll also see future of law firms speakers remind that tangible, measurable efforts to foster inclusive recruiting, staff retention, leadership representation, pay equity, supplier programs and values training remain critically important for socially conscious firms to walk the walk in having workplace and client partnership composition reflect today’s diversifying populations.