8th Light’s Post

Is your legal department ready for the future? Discover if your organization is prepared by examining 5 key legal trends and strategic priorities you should be thinking about https://lnkd.in/dFRNFjRG. #legal #legaldepartments #legaltrends #law #strategy

Get the roundup of our team's top takeaways from #Legalweek2024 for midsize law firms! ⭐ Mid-market law takes the spotlight ⭐ A strategic plan is key ⭐ AI is buzzing, but what's new about it? ⭐ Tech adoption and change management ⭐ Law firm leadership is changing, how are you keeping up? Read about each theme here: https://okt.to/Gq2Mar #MidsizeLawFirmInsights #ActionstepTakes #LegalweekInsights

Explore the Future of Law: Discover how 2024's technological innovations and practice shifts are transforming the legal industry. Read our latest article in Above the Law for expert insights from Lateral Link and haistack.ai, featuring Michael Heise, Ashleigh Goldberg, Romina Filippou, Zain Atassi, Lauren Smith and Susan G. Agopian. Click to learn more and connect with a Lateral Link industry leader today to discuss.

Get the roundup of our team's top takeaways from #Legalweek2024 for midsize law firms! ⭐ Mid-market law takes the spotlight ⭐ A strategic plan is key ⭐ AI is buzzing, but what's new about it? ⭐ Tech adoption and change management ⭐ Law firm leadership is changing, how are you keeping up? Read about each theme here: https://okt.to/4p28FR #MidsizeLawFirmInsights #ActionstepTakes #LegalweekInsights

Discover the latest news on the #LegalTechPills blog.   In our latest article by Helder Galvão, PhD, Of Counsel at Abreu Advogados, we explore three ways to innovate in the legal market pointed out by Isabel Parker, a very relevant personality when it comes to legal techs. The author asks a fundamental question: why are law firms sceptical (or still are) about adopting an innovative and digital agenda?   Find out more.   #abreuadvogados #wearethefutureinprogress #LegalTech #InnovationInLaw

🤔 Wondering what experts predict for the future of legal tech? Read Law.com's latest article featuring insights from industry leaders, including our CEO Dorna Moini on biggest milestones in the legal industry for 2023. Check it to explore the developments that are reshaping the world of law. 👉 https://hubs.li/Q02dJ6jj0 #LegalTech #2023review

🔍 The Legal Industry at a Crossroads: Navigating the Future of Law 🔍 The legal sector stands on the verge of unprecedented change, propelled by rapid technological advancements, shifting client demands, and a fiercely competitive environment. Today, more than ever, law firms are tasked with charting a course through an evolving landscape that bears little resemblance to the past. In my latest blog post, I delve into the transformative trends and challenges that are redefining the legal services industry. From AI-driven legal research to virtual law offices and beyond, the future of law is being rewritten before our eyes. Discover the critical insights and strategies law firms need to embrace to thrive in this new era. Whether you're a legal practitioner, a law firm leader, or simply fascinated by the intersection of law and technology, this post is for you. Join the conversation and let's explore together how the legal profession can not only adapt but excel in this dynamic landscape. #LegalTech #LawFirms #FutureOfLaw #Innovation

In my 25 years of working with law firms the anticipation of massive disruption has been a constant topic. However, change has generally felt incremental - until now. In this article, Pratik Patel and I explore what will precipitate the imminent 'sling shot' moment that we believe will radically reshape the legal industry, and what law firms can do to ensure they survive and thrive. https://lnkd.in/eDrfYmnz #LawFirms #IndustryDisruption #FuturePreparation #Legal #LegalInnovation #Legaltech #Legaloperations #LegalStrategy

What will be the impact of law firms and clients using GenAI? Article on law.com about the recent Future Lawyer conference in London. Discussions centered on the evolving relationship between law firms and their clients amidst growing legal technology influence - especially GenAI. Here’s a summary of insights from key speakers: Lorna Khemraz Lead Counsel, Legal OS: Khemraz highlighted that legal tech advancements have reshaped what in-house teams expect from external advisors. The efficiency brought by AI in legal practices should lead to quicker deliveries and reduced billable hours. If something that used to take 10 hours now takes one - the firm should only bill for the one hour. (See further context on this comment from Lorna in comments below) Suzy Lovell Head of Legal - Construction, Kier Group: Lovell pointed out that while many firms have developed innovation teams and initiatives, they often fall short in effectively communicating the benefits to clients Chris Grant Head of Legal Market Engagement, HSBC: Grant discussed a shift from traditional hourly billing to alternative fee arrangements (AFAs), which now cover 80 to 90% of HSBC's external legal work. These discussions underline a significant shift in the legal sector, driven by technological advancements like GenAI that demand both a reevaluation of client-law firm dynamics and a strategic adaptation in service delivery and pricing. https://lnkd.in/gpkUSnbS Lawyers, in-house or in private practice, from anywhere in the world, may be interested in this low-cost, quick, online course from Bond University on “GenAI Productivity Training for Lawyers”.

6 hours to understanding & being able to safely use GenAI in your practice immediately. 

https://lnkd.in/gK-NFdZe 
Less time than it takes to binge watch “Shogun” (and fewer subtitles 😃 ). #LegalAI #law #GenAI

Thomson Reuters Institute’s 2024 Report on the State of the U.S. Legal Market said “lackluster demand for transactional work, ongoing efforts by clients to reduce spending, and the rise of artificial intelligence will create intertwining challenges” this year. Find out what other dramatic shifts are occurring https://lnkd.in/dRwsfckH. #legal #legalindustry #law #Revlegal #USlegalmarket