Top 5 Challenges Facing Lawyers Today

1. Top 5 Challenges Facing Lawyers Today

2. Technology, The Internet And Clients • We can all agree that technology helps in a lot of ways. It has made many aspects of both work and personal lives easier and more convenient. Technology has also changed the face of the way many industries operate. • Access to the Internet provides potential clients with access to legal information at their fingertips. They are empowered by technology and today, they expect their attorneys will be proactive in finding ways to be efficient and offering options and solutions in terms of results.

3. 2. Low-Cost Legal Service Providers • Technology has also allowed for the creation of legal service providers. They have cropped up all over the Internet, offering low-cost legal services—a very attractive proposition for those seeking what they know can be costly services. • Online legal services also make consumers feel empowered—that they can get the documents they need at a lower cost than retaining an attorney. This poses a big issue for lawyers, as people migrating to using these services can chip away at your client base.

4. 3. Globalization/Competition • In today’s global economy, lawyers may face barriers in expanding practices overseas. Countries around the globe are asking themselves if easing rules for attorneys to practice in foreign countries is helpful or hurtful. There’s no clear answer, and countries are handling it in various ways. • Canada, for example, allows lawyers from the U.S. and other countries to practice there relatively easily. Lawyers from other countries may also be able to take advantage of regulatory changes in the U.K., Singapore and Australia, as well.

5. 4. Regulation • Technology, globalization and competition all play into the regulatory environment of the legal profession. • Traditional ethical rules and regulations need to be looked at closely. But at the same time, as lawyers seek more flexibility with technology and globalization in the industry, they also face attempts to make them subject to broader regulation like new regulations from the Solicitors Regulation Authority (SRA) in England and Wales.

6. 5. New Lawyer Development • Lawyers in all stages of their careers face these challenges. But newly qualified lawyers entering the field must, in addition, differentiate themselves from others in the market. They need to develop traits that set them apart from their peers—and this isn’t easy when first entering a profession. • The younger generation already has less of a learning curve when it comes to technology, so this challenge will be about finding the best ways to use new technology to their advantage.

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