Earlier this month, I said I would highlight a few industry predictions for 2014 from pros in various segments. Today, consider the insights of Dave Canfield, of UnitedLex.
Describing itself as a “global provider of legal and data solutions,” the company put together a list of some of the major trends that are currently influencing the legal industry.
Those trends include the following areas:
- Legal outsourcing
- Law firm innovation and the cloud
- Law school innovation and consolidation
- General counsel priorities and return on investment
One other topic examined previously by the firm but unmentioned in this article is that of cybersecurity and the legal industry. Among the challenges will be internal and external attacks on law firm networks, and managing the increased desire for staff to participate in the BYOD (“bring your own device”) movement.
The legal industry is facing a landscape that is unlike any it’s confronted in a generation. How has your law office been affected by the altered economy? Have any new practices areas saved your bacon? Have new technologies or methods provided increased profitability in unexpected ways?Follow @azatty