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The Futurists
The Future of The Legal Industry
May 12, 2023
Dr. Cain Elliott discusses the digitization of the legal industry, driven by client demand not lawyers. Topics include the broken business model of legal services, political barriers to change, and the transformative potential of legal tech.
01:04:18
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Quick takeaways
- Legal industry digitizing for speed and efficiency driven by client demand.
- Challenges in legal tech adoption due to regulations and traditional practices.
Deep dives
Challenging the Tradition in the Legal Profession
The podcast episode explores the resistance to change in traditional industries, using the legal profession as an example. It highlights how some sectors, like law, are slow to evolve due to factors such as regulations, traditions, and aversion to risk. The discussion delves into the challenges faced by attorneys in adapting to new technologies and business models, emphasizing the need for the legal profession to move towards digitization and innovation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode