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Frederic S. Ury Ury & Moskow, LLC Fairfield, Connecticut . The Future Of The Legal Profession and ADR Providers. Introduction. Change in every industry is occurring faster than ever before. Not just change but disruptive change. Lawyers are not exempt. .
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Frederic S. Ury Ury & Moskow, LLC Fairfield, Connecticut The Future Of The Legal Profession and ADR Providers
Introduction • Change in every industry is occurring faster than ever before. • Not just change but disruptive change. • Lawyers are not exempt. .
Disruptive change: It’s all about delivery • Legal and ADR services are not going to disappear. They will be delivered differently. • Mail: Pony Express-email- text- • Music, news, books, consumer products, and consumer services. • Border’s Books and Blockbuster. • Television, Cable and Net-flicks.
What a difference 10 years makes • 1,123,000 law office jobs 2004. • 100,000 prospective students. • 54,000 fewer jobs since 2004. • Law school applications are down 50%
Four Trends affecting the legal profession. • Globalization/regulation • Technology • Nature of clients • Demographics
Globalization • Over one million lawyers in India are willing to work for $25.00-50.00 per hour. • Outsourcing overseas and insourcing in the US. • Ethics 20/20 changes concerning supervision. • We are a net exporter of legal services by billions.
Pangea3 and other outsourcing • Bought by Thomson Reuters. • In 2011 opened a 400 seat office in Texas. • Outsourcing is returning to the US because of a glut of newly minted attorneys who would rather work for $50,000 than not work at all.
Law firm ownership outside the United States • Australia --publicly traded law firms. • The UK --Legal Services Act, ABS, Multi- Disciplinary Practices & passive non-lawyer investment. • Legal disciplinary practices may have up to 25% non-lawyer owners or managers. • Borderless practice in Europe, Australia & Canada. • Ontario licenses and regulates paralegals.
Law firm ownership in the US • Same model for over 200 years. • Jacoby Meyers law suit. • MDP in District of Columbia. • Licensing Paralegals in the State of Washington. • Change is slowly happening. • Ethics 20/20—the art of the possible.
Technology • Nothing has impacted the law like technology. 24/7 accessibility. • Small firms can compete with large firms for large transactions or complex litigation. • Law firms have the same law library • Clients have the same access.
Virtual law firms and cloud computing • E-law firms, +outsourcing + co-sourcing =network of law firms. • UPL and regulatory considerations. • Cloud computing and confidentiality. • Grads who cannot find work are opening virtual law firms without mentoring. • Ethics 20/20 technology rules.
Why pay for something you can get on the internet for free? • The internet is the primary source for information. Webmd and legal sites. • This generation has grown up using the internet to research, study, shop, socialize, and play. • Music, newspapers, and books. • Knowledge is available for free. • These sites are owned by non-lawyers.
Search and artificial intelligence will change access to justice • Technologythat is a disruptive change. • True access to justice will occur when the ability of computers to search combined with artificial intelligence allows anyone to answer complex legal problems quickly and easily.
