Hello, folks! As a refresher of the 3rd event in The Uncertain Decade series, we’re presenting the main takeaways in a visual form of a gallery with quotes and snippets of the wisdom from Mark Cohen and Richard Susskind. Predictions, observations, suggestions. Let us know if you like this new form of publishing on the blog (more visuals, less classic text).
Looking forward to comments and questions – get in touch! Thank you for reading.
Before the maps, people traveled less: many were born, lived, and died in the same place. Travel was expensive, risky, and, therefore, rare. The legal industry today is in the exact same spot: our legal professionals don’t have maps, our clients are forced to rely on our anecdotal, subjective experiences as guides. But it doesn’t have to be that way, and surely the future will introduce structural changes in how legal services are provided. The only question is how the legal industry will react and implement the necessary reforms.
Data should no longer be a scarecrow to legal professionals out there. Ideally, collecting data should be straightforward, and data visualisation should be clear. A data-driven discussion brings forward topics such as return on technology investment, motivates a team to undertake changes, and overall brings success. Thus, data analytics should extend beyond cost control and cover information about the legal function as a whole. Ultimately, legal teams would be able to pivot their focus from “cost savings” to “value creation”.