India has progressed remarkably in the last 65 years of its independence on many fronts; it has not only managed to rise out of an oppressed era but has emerged as a power to reckon with so much that today no multinational story is complete without an Indian angle.
Urban growth is spawning a ‘chain-reaction growth’ across classes and industries. With a better smarter urban growth, we can solve some of the big problems to move ahead in a more focused manner. The answer to most of our national challenges lies in better governance and infrastructure that will allow us to leapfrog to a better developed era.
The key to our future success as legal service providers lies in our ability to identify the specific lawyering areas in which we can be replaced and those in which we cannot be replaced. The most prosperous law practices in the future will be those that are able to successfully adjust their business models to use artificial intelligence and coordinate in tech areas while at the same time promoting and delivering the part of the legal service value proposition that the machines are not able to provide.
Technology will continue to shape and change the legal landscape, making it easier for lawyers to be more mobile, collaborative and responsive. The new legal trends will continue to act as tools that rely on mobile and cloud computing data analytics and machine learning will become increasingly prevalent and used by lawyers. As these cutting-edge technologies become more commonplace in the legal industry, lawyers will have more ways than ever before to streamline and improve day-to-day work processes.
Consider for a moment the success of non-lawyer legal service providers such as Rocket Lawyer and LegalZoom. Both of these online services provide the ability for legal service consumers to create their own legal documents and forms. Both services proclaim that they do not provide legal representation, are not law firms, and are not a substitute for an attorney or law firm. Yet they essentially provide the same deliverable that many of us do: contracts, wills, business formation documents, bankruptcy filings, and the list goes on. They provide consumers with the ability to create documents that are intended to accomplish a specific legal purpose.
It is an exciting time to be in the legal industry and to think about how new innovations can address the many challenges the legal system faces. In recent years, we have witnessed what can be best described as a legal tech start-up boom.
Making its way to the top, MyAdvo has emerged to be a pioneer in the legal-tech startup arena. To throw light upon the increasing benefits of technology in the legal industry, MyAdvo is organising India’s first Legal Tech Fair on 15th July, 2017 at The Lalit, New Delhi.
The Legal Tech Fair provides an in-depth look at what the technological world has in store for you and even gives you a chance to interact with some of the most technologically innovative and creative minds from around the world. This event will feature some of the cutting edge technology companies in the legal space. There will be workshops, talks and panel discussions on the latest technology innovation for lawyers and legal advisors.
To attend the event, click here.
The event brings together various legal teams to explore the practical solutions needed to drive your technology, talent and business objectives forward. Know more about how the India’s most successful law firms are preparing for the future including an insight on alternatives to traditional legal service providers.