As a conservative and protected industry with working processes that are two centuries old, the legal industry was able to escape the Third Industrial Revolution up to the recent recession in 2008. While the Third Industrial Revolution used electronics and information technology to automate operations, the Fourth Industrial Revolution is characterized by a fusion of technologies that brings together physical, digital and biological systems. The speed of current breakthroughs has no historical precedent and is disrupting almost every industry in every country, including — perhaps especially — the legal industry.
If we want to transform and innovate as legal professionals we should embrace new and diverse talent with different skills who can ultimately help to transform and change the current conservative legal industry.
We have to look among the current ways of attracting, selecting and retaining talent because we need those t-shaped lawyers and people with different skill sets in our teams in order to innovate and ultimately be able to reach our company’s goals.