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The legal industry is experiencing a period of flux, thanks to technological advancement, an increasingly informed, tech-savvy client base, new non-traditional market entrants, and more. To better guide you and help you stay ahead of the game, we wanted answers as to what kind of change is truly taking place. How does the legal industry change, and when? Does it evolve organically or does it react and change in response to disruption?
So, during November 2017, in partnership with Meridian West (an industry-leading professional services company), we convened a panel to discuss, debate and explore this very issue.
The two teams – chaired by Mark Smith, Market Development Director at LexisNexis – put forward various arguments:
Whether the legal industry is experiencing true disruption or evolution, change is coming, and firms need to prepare themselves for the future. The firms that stand the best chance will be those with a clear strategy for innovation – one that
involves real action, not mere lip service to ideas. Here are five questions to ask yourselves in order to build up simple processes and create a workable plan.
It’s important to keep advancing, whether that means making small, incremental changes to your working practices, or opting for a large-scale, firm-wide disruptive shift. Ultimately, however, whatever your approach, getting technology right is vital
to ensure that your future is successful and meets both your firm’s needs, and those of your clients.
Paying attention to the industry as a whole and listening to those “signals of change”, especially the weak ones, is important. After all, forewarned is forearmed. But that’s where we come in. LexisNexis has been your partner of choice
for the past 200 years, and we will be here to ensure your future into the next 200. We will listen and together we will keep advancing.
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