A Brave New World — IT’s effect on the legal industry
June 26th, 2008Over at law.com, David Curle writes about a different sort of transformation from my response to Prof Sander. Increasingly powerful IT is changing the entire landscape, from the provision of legal services themselves, to the tools which lawyers utilize to collaborate and craft advice. Two specific drivers are worth noting:
- “Younger associates and their content-sharing mentality. Much legal work consists of paying young associates to reinvent wheels, and a younger generation of tech-savvy lawyers has no interest in reinvention…they’ll want to use technology to leverage existing technologies.”
- “Technology will create the most change for people who have been shut out of legal information sources and services — small business and individuals. These clients don’t offer enough scale to be of interest to existing legal services providers, but technology-based information and service providers are in a position to begin serving that “long tail” of the legal market.”
In some sense, he’s taken the words right out of my mouth. Indeed, the foundation of NextLex is predicated on this trend. But I might take his observations a few steps farther, or at least state what he leaves implicit.
As more and more traditional infrastructure services become replaced by more mobile IT, more and more attorneys will shove off on their own. BigLaw branding should still exist, but the new environment promises to be highly competitive, even chaotic. The ability to adapt and innovate will be not a competitive advantage, but a necessity. (As an aside, solos and smaller firms, with their higher utilization of emerging technologies, are well positioned in this respect.)
To be self-serving for a moment, this is where NextLex steps in: to enable connections, to encourage knowledge transfer, and to help build trust between attorneys in a fragmenting industry.
