FTI Technology and Relativity have joined forces with Ari Kaplan Advisors to ask chief legal officers about the future of the legal industry and about what skills and expertise will be needed by the next generation of lawyers.
Ari Kaplan is very good at this, conducting personal interviews with senior people to get their views and to draw conclusions from them.
The key issues which arose from the interviews inevitably include risk, privacy, security and new technology. Reputational risk often follows from failure in any of these areas.
David Horrigan, discovery counsel and legal content director at Relativity said:
This study demonstrates that general counsel are ready to embrace their new role, but room for improvement still exists in understanding emerging risks, adopting technology and expanding legal education. Successful legal teams of the future will need a combination of business experience and technology aptitude in order to maintain a valued seat at the table among executive leadership.
You can download the report here.
At Relativity Fest next week there is a session called The Business of Law 2020, at which Sophie Ross of FTI Technology, David Horrigan of Relativity and Ari Kaplan will discuss the report’s findings.