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The Future Lawyer Summary: How will attorneys and law firms cope with the future?
What is the future of law and lawyers in our changing society? Despite influxes of a diversity and a new social strata, only time can truly tell. That, of course, doesn’t mean a lawyer and their law firm should not prepare themselves for change. It seems as if every business known to the modern world has a crystal ball. These businesses, both figuratively and sometimes literally, gaze into that crystal ball with hope of seeing a future in which the company, its leadership, employees and in particular, the company’s end product, thrive mightily, bringing profits to everyone involved. Unfortunately, things do not always work out that way for the corporate bottom line: Consumer interests change. Economies fluctuate, which can make a company’s end product less obtainable for consumers. Regulations, rules and taxes change, making a company’s product more difficult to produce. Consumer sentiment as well as an overall shift in society has rendered a company’s product, as well as existence, in a negative light; think the alcohol tobacco and firearms industry. While the above is a bleak outlook for any business, those who work within these businesses have to be aware of how future events, attitudes, rules and other extenuating circumstances can affect their survival. And inasmuch as this may seem like an observation focused solely on businesses, law firms – and lawyers in particular – need to be included in this reflection as well. After all, in recent times, law firms have emerged into businesses, and lawyers the purveyors of that business whose purpose has expanded to advisory roles such as finance and family counsel (to name a few) as well as law. www.lawcrossing.com
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