Preparing the Legal Sector for the Challenges Ahead
The International Legal Technology Association (ILTA), today announced the release of Legal Technology Future Horizons, a 140 page report of critical findings and emerging implications of research undertaken throughout 2013 aimed at managing partners, CEOs and their CIOs.
For law firm leaders, it highlights how information technology is becoming absolutely critical to strategic survival and future growth in a rapidly changing and highly competitive business environment. For CIOs, it highlights key technologies breaking the horizon and the role IT can play in helping law firms respond to change and create new sources of value.
In particular, the report identifies:
The research, analysis and interpretation of the findings were undertaken by Fast Future Research, a U.K.-based consultancy led by Rohit Talwar.
The extensive complimentary report provides information in the following areas:
Of the multitude of report findings and statistics, some of the key technology impacts include:
“The information published in this report paints a picture that is at times frightening, often jolting and always future-focused,” says Randi Mayes, Executive Director of ILTA. “Alongside the statistical analysis of how we view technology’s role in shaping our future, there are insightful commentaries on possible outcomes –– the potential effects of embracing or resisting innovative approaches. The report speaks to the progression of change –– the intrinsic rise and fall of ideologies, technologies, mindsets, institutions and cultures. Horizons are, after all, where all the beautiful sunrises and sunsets occur.”
Rohit Talwar, CEO Fast Future Research says, “The input of more than 500 executives and thought leaders from across the industry and beyond highlights the powerfully disruptive forces reshaping the business landscape and driving law firms to rethink every aspect of the organization if they want to survive and thrive in a constantly evolving environment. Technology must now sit at the heart of business strategy for law firms, and leaders need to embrace the opportunity, ensure they understand 'what's next' and how the digital revolution could play out. Those insights need to be translated into a clear, future-focused, IT-enabled business strategy backed up with continued investment.”
The Legal Technology Future Horizons report methodology included desk research, workshops in Hong Kong, New York and Las Vegas; two global surveys; interviews with managing partners and CIOs from law firms and corporate legal departments, vendors to the legal industry, external futurists, and academics and experts on technology and innovation; and case studies on the application of IT in law firms.
The complete 140 page report including all findings, infographics and case studies can be downloaded here.
Copyright © 2023 Legal IT Professionals. All Rights Reserved.