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What might the Future hold for Law and other Professional Services Firms?
Manage episode 336210822 series 3133231
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We are delighted to share with you the recording of our recent Professional Practices Alliance (PPA) webinar on 'What might the Future hold for Law and other Professional Services Firms?', in which our expert guest speakers from the Law Society of England and Wales (LSE&W) discuss the future of Law and Professional Services firms based on the findings of their recent research into changes and uncertainties in the legal profession in England and Wales over the next 30 years, through the lens of global trade and competition.
Rapid technological developments have made, and will continue to make, a significant impact on professional service firms by changing the way in which they devise new business models, replace distribution channels, and modify and adapt the way people and businesses interact with each other.
Everybody has an opinion about how professional services are evolving, and how “firms of the future” might be different to those of today. In the legal sector, which is arguably less ‘transformed’ than some of the other professions so far, many firms view this topic with some trepidation. In this webinar recording, we look at whether artificial intelligence (AI) will actually replace lawyers and, if so, are there ethical or moral dilemmas that should be considered regarding AI and the legal industry?
In this webinar, you can hear Chair, Rob Millard, Director of the Cambridge Strategy Group and speakers, Dr Tara Chittenden and Dr Kion Ahadi, of the Law Society of England & Wales, discuss issues including the following:
· How potential future change will have an impact on diversity and inclusion, particularly in more senior positions;
· How Generation Z have begun to reshape global politics as we see a generational shift in allegiance and identity;
· Whether the rise of machines will free up time vs threaten jobs; and
· How, according to research carried out by LSE&W, it is expected that, by 2030, the workforce in the legal sector, including lawyers and legal support staff, will reduce by half.
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