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Dramatic twists ahead for legal industry




Posted Sep 07 2009, 10:14 PM by Lawyers Weekly

With a surge in female lawyers, a tripling in the number of private law firms and a profession that is predominantly driven by the attitudes of Generation Y, the legal sector is forecast to face dramatic changes over the next decade.

Next week Lawyers Weekly will seek to uncover some of these trends - and others - likely to overhaul life as a lawyer through our special, the Legal Life 2020, to be published Friday 18 September.

The bumper edition calls on leading legal thinkers to submit their ideas on current trends facing the legal profession that are likely to translate into big changes by the year 2020, with contributions from some of the Big Six law firms as well as thought leaders from smaller firms, association heads, experts and academics,

The call for submissions and ideas has so far determined that the profession is likely to be challenged by some significant demographic changes in 2020 - including an increase in female numbers, the exit of Baby Boomers and the rising dominance of Gen Y - and dramatic shifts in the structure of employers, through global mergers, a rise in sole practitioner numbers, corporatisation of firms and the increasing dominance of in-house lawyers.

Meanwhile changes to legal education will also be explored, as well as the need for lawyers to adapt to changing business cultures, the shifting place of pro bono work in practice, changing work/life balance demands and changing workspace designs.

The legal life 2020: What will it look like? Share your thoughts, concerns and hopes below







Comments

Lawyers Weekly wrote re: Dramatic twists ahead for legal industry
on Tue, Sep 8 2009 12:54 AM

Comment here!

N wrote re: Dramatic twists ahead for legal industry
on Tue, Sep 8 2009 1:51 AM

Flexibility and work life balance becoming a reality would create more happy, efficient and loyal employees.

H wrote re: Dramatic twists ahead for legal industry
on Tue, Sep 8 2009 7:32 AM

No more billable hour. Most routine legal services will be sold on a fixed price basis. Software will draft most of the documents and lawyers will review. Low-end law will more akin to tax preparation service. Only the truly complicated and high end work will command premium fees. Most australian firms will be global and have overseas offices.

K wrote re: Dramatic twists ahead for legal industry
on Wed, Sep 9 2009 3:03 AM

Billing based on outcomes or the value of transactions, or from an hourly calculation rather than in 6 minute units. Outcomes-based workloads, allowing decentralised or virtualised offices and flexible work hours revolving around when work is available rather than 9 to 5 plus overloading.

SRI wrote re: Dramatic twists ahead for legal industry
on Wed, Sep 9 2009 11:11 PM

Interesting that there is talk of the baby boomers retiring and 'the rising dominance of Gen Y'. There seems to be a forgotten generation in there, namely Gen X. These are the next (current) leaders of the industry, and most will remain through the next decade. With attitudes and practices somewhere (unsurprisingly) between BB and Gen Y, I think the chance of dramatic changes in law firm attitudes are slim. The following decade will mark these.

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