Law firms, not typically associated with the fast-paced world of tech startups, are waking up to the value of being closer to the action.
As new technologies are changing the way lawyers practice law, it is paramount to modify the Deontological Code for the profession and update lawyers concept of due diligence.
As technology advances, law and governments have been playing a game of catch-up in order to regulate the role these advances have on society. As it transcends political and legal borders, technology has become more and more of a challenge as we move into the future.
Can you imagine paying taxes, or even receiving government benefits, in Bitcoin? Once the domain of hackers and tech nerds, cryptocurrencies and blockchain technologies are now entering the mainstream, and are well positioned to disrupt the world economic order as we know it.
Today legal consumers are calling the shots, demanding more choice, transparency, competition, price predictability, and direct access to providers. As things drastically change for law firms, Legal Project Management rises to meet the demands of modern legal practices.
With the legal industry facing a challenging and rapidly changing climate, it is hugely beneficial to look back at past events to learn how we can avoid the same mistakes and gain a deeper understanding of how the industry and firms should adapt.
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