Technology, price pressures, and increase regulatory compliance are three key factors in fundamental changes facing the legal industry, according to Richard Susskind, author of "The End of Lawyers?"
In an article titled "Five Types of Corporate Lawyers Predicted for the Future" (Law.com, 10/19/09), Susskind predicts that lawyers at traditional large, billable hour firms will be forced to gravitate to one of five paths:
1. Expert trusted advisor
2. Enhanced practitioner
3. Legal knowledge engineer
4. Legal risk manager
5. Legal hybrid
Given the actions taken by ACC in its continuing drive toward greater value (see yesterday's post), these predictions appear to have a strong basis in today's market. Attorneys should take heed of their personal career goals and plan accordingly.
Read the full Law.com article here.
Monday, October 19, 2009
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