We’re excited to announce the release of Legal Technology Future Horizons, a report of critical findings and emerging implications of research undertaken throughout 2013. The research methodology was deliberately designed to challenge current thinking and to provide insights and practical ideas to inform the development of future business and IT strategies for law firms, law departments and legal technology vendors. In particular, we sought to identify:
• Key trends in the broader environment affecting the legal sector
• A likely timeline of IT developments and the key technologies that could impact tomorrow’s legal enterprise
• The role technology could play in future legal sector business models and as a critical differentiator in a changing business environment
• Strategic business and IT imperatives for law firms and critical implications for the management of IT in the legal sector
The research, analysis and interpretation of the findings were undertaken by Fast Future Research, a U.K.-based consultancy led by Rohit Talwar, and the 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 extensive report provides information in the following areas:
Global Drivers of Change: Introduces the critical forces expected to shape the operating environment for clients over the next decade.
Strategic Challenges for the Legal Sector: Highlights sector-specific trends and developments that could drive future law firm business strategies and the resulting expectations of IT.
The Emerging Technology Timeline: Presents critical technologies and their potential future impact on how law firms create value, serve clients, run internal processes and manage their organizations.
Future Strategic Applications and Challenges of Technology: Focuses on specific domains where IT could have disruptive and potentially transformational impact for existing players and new entrants.
Implications, Opportunities and Scenarios for the Management of Legal IT: Examines key barriers to effective deployment of IT and highlights emerging opportunities for IT in tomorrow's law firm.
Capturing Business Value from IT — The Leadership Challenge: Identifies key business opportunities and imperatives for leveraging IT effectively.
Please share this report as well as the Leader's Digest with key strategists in your law firm.