The way law firms provide value to their clients may soon undergo significant change, as the role of legal tech, notably artificial intelligence, expands, according to senior in-house lawyers at a recent conference. This statement was delivered at the Future Lawyer conference in London, where influential figures within the corporate law sectors gathered to discuss the implications of technological advancements for the legal industry.
One key conclusion from the conference was that, it’s indeed, a moment of transformation for the relationship between law firms and their clients. Evolving technologies are reshaping the expectations and dynamics of this interchange. With the rise of legal tech, in particular artificial intelligence, in-house lawyers are now anticipating an altered landscape where the manner and essentials of value delivery may need to defy traditional norms.
Although the specifics of these prospective changes were not fully discussed, the general consensus among attendees was the inevitability of adaptation in the face of digital progress. Nevertheless, this evolution presents an opportunity for progressive law firms to revisit their approach towards service delivery and client relationship management, leveraging technology to serve their clients more effectively and efficiently.