In 2019, a stark warning was issued by the Organization for Economic Cooperation and Development (OECD): automation technology advancements expected within the subsequent 15 to 20 years would fully eliminate 14% of the world’s jobs and substantially alter another 32%. The gravity of these projections lay in the fact that they would have had a direct impact on the livelihoods of over a billion people across the globe. Notably, the explosion of AI in more recent years was not accounted for in these figures.
The proclamation came from a trusted source, the OECD, an international organization founded to stimulate economic progress and world trade. Over the years, the OECD’s influence on aspects like education, health, and jobs has been considerable. Hence, the predictions around automation and employment carry significant weight, particularly in the legal sector.
These predictions imply not just the loss of jobs but an extensive transformation of the work landscape, a transformation that can’t be tackled without appropriate preparation. Most importantly, the legal profession has a crucial role to play in shaping and governing these changes. But how can legal professionals gear up to face and navigate this inevitable shift? The answer lies in reskilling.
Reskilling – the process of learning new skills or training to do another job – is no longer a choice in the face of the rapidly changing work landscape. This upskilling process has now become a necessity, particularly in the field of law which is constantly evolving in response to regulatory changes and technological advancements.
Detailed insights and discussions regarding reskilling for the economy of the future can be found in the material shared by Bradley Arant Boult Cummings LLP. This information can prove valuable to legal professionals in various corporate sectors who are grappling with these imminent changes, arming them with the necessary knowledge and insight to navigate the upcoming transitions with assurance and succeed in the economy of the future.