Push for Innovation in the Legal Profession
4th June 2019
Technology plays an integral part in a solicitor’s ability to deliver a first-class service to clients. With growing competition in the legal market and increasing client demand, firms are eager to improve their efficiency and, in turn, their cost effectiveness. To that end, the need to embrace the use of new legal technology has become essential to ensure that the best possible service to is delivered in an ever-changing professional environment.
Over recent years there has been a substantial push on the development of new technologies, such as Artificial Intelligence solutions and Automation tools. While this type of technology may seem far off for some, many firms are keen to embrace it, with many larger firms leading the way to secure competitive advantages.
It is with this push for innovation that, in 2018, we saw the Law Society of Scotland announce the launch of their new scheme - LawscotTech. This scheme has the aim of bringing together legal professionals and IT specialists to collaborate on finding new technical advances to enhance working within the sector.
There is the possibility for technology to change every aspect of the way in which a law firm operates - from how we do research to how we interact with clients. It is likely to pose new challenges for firms too, such as maintaining effective cyber security in an increasingly digital world. And of course, even though it is widely accepted that the development of new legal technology will be of benefit to law firms, there is an ever-present fear that down the line, the need for human input in legal work will be diminished.
At this point in time, the real life ramifications of all of this are unknown, but as technology progresses - change is inevitable. There is a clear push for innovation within the legal profession today and firms who fail to embrace new technology risk falling behind.
The information contained in this newsletter is for general guidance only and represents our understanding of relevant law and practice as at June 2019. Wright, Johnston & Mackenzie LLP cannot be held responsible for any action taken or not taken in reliance upon the contents. Specific advice should be taken on any individual matter. Transmissions to or from our email system and calls to or from our offices may be monitored and/or recorded for regulatory purposes. Authorised and regulated by the Financial Conduct Authority. Registered office: 302 St Vincent Street, Glasgow, G2 5RZ. A limited liability partnership registered in Scotland, number SO 300336.