Filling the Technology Gap in the Legal Sector : The Demand for New Skills
This article is part 2 of 3.
In our threefold article, Filling the Technology Gap in the Legal Sector, we analyze the current landscape of the technology gap in the legal sector. This second part focuses on the demand for new skills from the legal sector, as a result of its increased use of technology. Read the first part on why investment is key here.
Widespread adoption of lawtech and the increasing automation of legal services and processes will have a profound effect on the legal sector, with new skills, new delivery models and a new competitive environment slowly entering the sector.
While it is too early to know exactly how this impact will play out, the lesson from comparable professions in financial services or management consultancy (both of which are more advanced in their digital adoption) is that while technology has not led to huge headcount reductions, it has affected which skills are required and where they should be deployed.
For example, some banks now employ almost as many technologists as ‘bankers’, whilst management consultancies have frequently moved their model from one-to-one bespoke advice to platform-based services that are technology enabled.
Law firms of the future will have to have a combination of skills straddling both technology and the law. There is little doubt that increased adoption of lawtech is going to drive recruitment for different skills both within law firms and within the wider lawtech ecosystem.
The adoption of cloud computing within certain parts of the legal sector is already feeding through to different skill sets within legal IT departments. This is also reflected by the evolution of the role of trainees, which is being adapted to embrace technology.
The growth of disruptive technologies including artificial intelligence and predictive coding has translated into less-bespoke work, such as drafting simple contracts and reviewing documents, and more tasks like secondary review of relevant documents flagged by the primary reviewers. An understanding of technology – and of its legal applications – will become indispensable skills for future trainees.
Another issue is that whilst in most law firms there is some form of technology in place, its potential is often squandered when the technology is too complicated, or documentation and training are lacking.
Thus, new and costly technology is underused, because the barrier to use it seems too high. Vendors have extensive knowledge about their products, but sometimes the documentation does not translate their knowledge effectively.
Therefore, firms should not only be supportive in enabling staff training, with the ultimate goal in mind of increasing productivity, but also, there should be additional training after the software has been implemented and used throughout the law firm.
The role of the Legal Technology and Innovation Certificate (LTIC)
The Legal Technology and Innovation Certificate (LTIC) will enable legal professionals to engage fully with all relevant technology. Its aim is precisely to address the lack of information, understanding and training of legal professionals not only by equipping them with the right skill set, but also by offering the experience of its implementation.
Indeed, the course, heavily focused on hands-on practicals, will enable participants to deep dive into real use cases as a way to bridge the gap between theory and practice. This will enable the participants to acquire substantial hands-on skills across a broad range of technologies.
The LTIC covers all the key areas of technology relevant to legal professionals, including those which were found to need the most training, such as Big Data & Analytics, Cyber Security, Blockchain, eDiscovery, and many more.
Unrestricted by geography, the LTIC will help create a global legal technology community to house discussions and allow faculty and international participants to connect and expand their network. The LTIC will also constitute a platform enabling access to a universal ecosystem, whereby you have a global faculty comprising some of the best legal and technology experts.
This international presence will be supported by global partners across Law Societies, Bar Associations, technology firms and academia, which will help towards building global coverage and taking a huge step in establishing a global benchmark in learning.
The LTIC will be launching officially on 19th November 2020.
Register your interest now by clicking here to attend the virtual open day on 19th November 2020. Visit the LTIC Page Here to explore the most up to date information on the modules available, the faculty, partners, and Legal Lab opportunities.
If you would like to reach out specifically for the LTIC, please email at email@example.com.