Law is becoming more fluid as it integrates with the businesses and societies that it serves. In 2025, new law will incorporate a range of collaborative approaches to delivery that leverage technology and other infrastructure to facilitate the delivery of accessible, affordable, on-demand, scalable legal products and services.
Collaboration is essential to surviving and thriving in the current legal environment. The complexity, speed and fluidity of business, the accelerating pace of change, and significant global challenges that cannot be mastered by a single person, function, enterprise, or stakeholder group demand it. The legal function must collaborate with colleagues across the business to identify and eradicate risk, free up management time to focus on core objectives, drive efficiencies through cost takeout, and generate innovative solutions that accelerate business growth.
To accomplish these goals, law firms must become more strategic and move beyond the traditional approach to delivering legal services. This has traditionally been focused on finding ways to cut costs, reduce the use of full time staff and find less expensive operating locations. It is also about offering the kind of help that many clients need without impacting other areas of work that might be the primary focus of a firm.
This is why many firms are exploring different forms of legal innovation and collaborating with non-legal stakeholders to deliver a range of new law services. For example, a large law firm may partner with a software company that offers a platform that enables the automation of some tasks, allowing staff to spend more time on high value legal work. The law firm can then charge a lower fee for the automated tasks, while still making sure that it is getting the best value from its resources.
One of the most exciting developments in this area has been the development of new law platforms that offer a variety of different legal services. These platforms can be used to assist with the drafting of contracts, support due diligence and other commercial activities, provide training, and manage disputes. They can also be used to help with the management of data security risks and privacy issues. A major benefit is that they can be built and deployed quickly, reducing the time needed to provide a particular legal service.
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