Elaine Mcardle discusses in her article the need for law firms, lawyers, and recent graduates to adapt to the changing technological advances occurring in the modern era. Using the analogy of Uber replacing taxi cabs, Mcardle warns of a similar situation for lawyers, who face increasing digitization and outsourcing. A program recently created by Michele DeStefano of the University of Miami Law called LawWithoutWalls is meant to foster innovation in the legal profession.
Read the introduction here:
The warning bells have been ringing for at least two decades: The legal profession as we’ve known it is doomed, and lawyers must adapt—or face extinction. For the most part, these dire predictions have been ignored, even as globalization and technology have revolutionized markets, affecting everything from airline travel to taxicabs. Yes, law firms have been outsourcing legal research to India, and electronic discovery is taking over some basic tasks. But lawyers have tended to see themselves as immune: a guild of highly educated advisers whose wisdom, savvy and deep understanding of a complex series of laws are irreplaceable.
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Posted by Pooja Shivaprasad, Associate Editor, Wealth Strategies Journal