Facts and Stats
Did You Know?
Two decades ago, about 14 percent of law firm partners were women. Today, the number has only risen to 22 percent. However, in the intervening years, the share of law school graduates who are women has soared to more than 50 percent, according to Law360’s 2017 Glass Ceiling Report.
Read more in this month’s CM feature, “Empowering Women in the Workplace.”
Should Legal Managers Be Worried About Their Lawyers’ Tech Attitudes?
The ABA TECHREPORT comprises 10 articles by legal industry experts on topics ranging from technology training to social media. Much of the content is derived from a 2017 survey of ABA members.
- 83 percent of respondents said training on their firm’s technology is “very important” or “somewhat important,” but 17 percent said it was “not very important” or “not at all important” — indeed, solo and small firm practitioners were more likely to have this opinion
- 60 percent of firms budget for technology; solo and small firms lag well behind, with 58 percent of solo lawyers and 40 percent of small firms not budgeting for tech
- 22 percent of firms have experienced data breach at some point (the highest incidence rate was for firms with 10 ̶ 49 attorneys), yet 25 percent have no data security policy
- Only 42 percent of those surveyed work at firms with a written policy about mobile device use for firm work
Predictions for the Legal Industry in 2018
Firms will shift to positive action, improving engagement rather than reducing attrition among associates — particularly through inclusion in such decision-making bodies as practice groups, says Zach Mayer, Director of Kane Russell Coleman Logan, PC
Blockchain technology will enable “smart” contracts — that is, agreements that are self-executing and self-enforcing, says Derek Brost, Director of Engineering for Bluelock
Automated workflows and secure client-communication portals will increase transparency and decrease costs, especially for administrative work, says Haley Altman, Chief Executive Officer (CEO) of Doxly
Artificial intelligence will not only become a workforce tool but also an area of legal practice, as the courts sort out regulations and whether the AI programmer or the user is liable when things go wrong, says Jeff Ton, Bluelock’s Executive Vice President of Product and Service Development
For more trend forecasting, check out the complete presentation from Bluelock.