Why the Future of Talent Management Could Look Very Different
With the introduction and accelerating adoption of efficiency-generating technologies, the way lawyers are recruited and developed is likely to undergo some interesting changes.
May 01, 2024 at 05:00 AM
12 minute read
Artificial IntelligenceLike finding a DeLorean in a barn in 1955, the legal services industry encountered a portal to its future in December 2022. Despite weathering the predicted foundational paradigm shifts presented by the inevitable migration toward AFAs (2009-2019) and forecasted dominance of ALSPs and the Big Four (2019-2022), we are now facing business model transformational forces from generative AI that have prompted more than one professional services executive to exclaim "Great Scott!" While the two prior disruptive waves have, let's say, failed to live up to the hype, this latest development could prove to be a bit more resilient depending on how stakeholders in the industry assess risk and reward.
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