find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Traditional graduate-to-partner pathway losing favour

Traditional graduate-to-partner pathway losing favour

Joanne Beckett

Advancements in technology are altering the career paths graduate lawyers are taking, according to a new report.

LexisNexis’ annual Smart Law report explored the changes and challenges faced by the legal profession due to the shifting expectations of legal service delivery, which have been altered by technology.

A big trend highlighted in the report was that the traditional path from graduate lawyer to partner will no longer be “the default mindset”, as evolving technologies make new opportunities available to legal practitioners.

“In the face of rapidly changing technology, difficult economic times and differentiated legal models within the industry, uncertainty about the future of legal practice is to be expected,” said Joanne Beckett, managing director of LexisNexis Australia.

“The demands of clients in the current economy can only be met through innovation via technology that contributes to lower costs, automated tasks and increased transparency for a clearer and more collaborative relationship between the client and service provider.”

Ms Beckett said technological advancements are creating new practice areas to meet client expectations, altering career paths and the structure of legal work in the process.

“Innovation brings new opportunities for those in the legal profession. Legal career choices are broadening as new roles are created, such as legal technologists, legal project managers, legal process analysts and more,” she said.

“For law firms, regardless of size, technology can help to achieve cost efficiencies and enhance decision-making to satisfy client demands.

“The strong returns and benefits from these technological investments will come through the reassessment of key business components, including service offerings, fee structures and staff career paths.”

Furthermore, the report showed that the key motivator for adopting technology systems for law firms is to “meet client expectations” (55 per cent). Despite this, the report found only 6 per cent of law firms are investing in client portals.

According to the report, new technologies such as business intelligence analytics and data analytics are slowly being considered, with 11 per cent of surveyed firms currently using these.

“For many this technology means more opportunities for problem-solving and strategic counsel. For others it is viewed as a new challenge, as technology comes with the expectations to deliver work faster with data-driven precision,” Ms Beckett noted.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Traditional graduate-to-partner pathway losing favour
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Consultation
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
IBA
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...