Technology has become crucial in everyday life. The legal industry is matching up with the pace of making every legal service digital. As a result, digital transformation will transform their legal services in terms of job function and be different in the coming future.
Machines will dominate the legal industry depending on its considerable time of automation to transformation in the future. Richard Susskind, a British independent advisor physicist, offers the discussion as to how effective the transformation will be. He emphasizes how the technology’s progress, for example, cheaper memory chips that are larger in capacity, cannot be an option in the legal industry.
Technology offers bots capable of reading human feelings and perceived emotions, a quality that is of much help in the legal industry, for example, in investigation and counseling. Concluding this concept, Susskind suggests that the word will soon transform into pervasive, capable, and connected, forcing legal change.
Many industries have embraced the digital transformation, and now it is the legal industry’s turn. Traditionally, lawyers were using their guts, which no longer works today. Research from McKinsey & Co. shows that industries that perform digital transformation are likely to be more profitable, acquire and retain customers than those that have not. They are open to collaboration, diversity, and cultural adaption.
Anyone can do what lawyers do, but they need to be aware of digital transformation to avoid marginalization. Unfortunately, it is only a few in the legal industry that are ready for the transformation. They are moved beyond self-regulation; therefore, they should be open to new patterns regarding who they hire, their education, and how regulators can be involved.
Whether panelists or not, legal professionals should be ready for the future digital transformation and legal industry. They should think long and hard about how a future legal career will look. They must wind down their career and rethink their role.
The legal industry is paramount to future sustainability due to its openness to the entire span of technologies, professional support roles, legal professionals, cultures, and people. With the fast technology, future lawyers will be destined to authorize legal machines. The only way is for lawyers to adopt legal technology, to focus more on client care.