What’s the future of the legal industry? On this episode of The Futurists, my co-host Robert Tercek and I interview Dr. Cain Elliott, Head Legal Futurist and a Senior Vice President at Filevine to explore the present and potential new futures.
Society has grown more complex and more polarized. That increases the likelihood of complicated disputes. How is the legal industry evolving to deal with hyperconnected society? Dr. Cain Elliott tells the Futurists how the legal profession is digitizing to move faster and operate more efficiently. But the motivation to change is coming from clients, not from attorneys.
Topics: the broken business model of legal services, the political and regulatory barriers to change, the transformative potential of legal tech.
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It’s noteworthy that the motivation for change within the legal industry is coming from clients. In a competitive market, clients are demanding more transparency, cost-effectiveness, and faster service delivery. Law firms that adapt to these client demands are likely to thrive.