We’re on the eve of a new decade – and I’m truly excited to welcome it to our world. I am excited about the changes we can expect to see in the next 10 years that will touch every aspect of our lives. The impact on business – and in particular – the business of law – will be far ranging. Old practice areas will die while new practice areas will be birthed to grow into essential practices in the firm of the future.
The Roaring 20s
Posted on December 24, 2019 by Bill Lipner
We’re on the eve of a new decade – and I’m truly excited to welcome it to our world. I am excited about the changes we can expect to see in the next 10 years that will touch every aspect of our lives. The impact on business – and in particular – the business of law – will be far ranging. Old practice areas will die while new practice areas will be birthed to grow into essential practices in the firm of the future.
Humans will harness information as a tool like never before – the importance of which can be compared to the first stone hammer fashioned by early man. The distance between us – client and attorney, parent and child, partners or spouse – will shrink to zero as new technologies make new kinds of connections possible – transforming “social media” into “human media”.
I am not a professional prognosticator although I have been known to procrastinate. However, I am an observer of trends and see several which are evolving to form a new horizon for us all. Without further ado – these trends are discussed below.
Innovation – the sense that things are moving fast
One of the latest words buzzing around the business of law is “innovation”. Firms are building out innovation initiatives as fast as they can acquire the talent. While this is laudable as the practice of law could benefit from some reinvention, I believe the quest for innovation cloaks a fear that technology is moving faster than we are – and we need to catch up. I would suggest that technology has always moved faster than we can move – and we’re in a perpetual state of playing catch-up. Call it innovation or playing catch-up – we need to adopt what we can use, and discard what seems unnecessary. All the while, hoping we make the right choices.
Transportation: Cars Trucks Trains Bikes Drones…….
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