Legal Corner

Legal Corner

New perspectives

Legal update from Triton 2-2018

Redefining the role of the lawyer

One of Sweden’s largest law firms recently announced that its office in Stockholm would dissolve following a disagreement in the partnership about
the future direction of the firm.

Nothing very remarkable about that. The new managing partner of one of the offshoots, however, disclosed some interesting thoughts about the future of the legal profession: The new network economy is more than before oriented towards transparency and cooperation, and involves an increasingly complex and changing business environment. The legal advisor therefore needs to focus lesson conflicts, and focus more on transparency and cooperation. The traditional role of the lawyer as a tough contract negotiator and to subsequently deal with the residual legal dispute has come to an end. As a result, the managing partner is certain that law firms need to rethink their business models.

One other reason for changing the business model, the managing partner speculated, is technical developments, making the present ‘brainpower per hour’ mentality obsolete. Artificial Intelligence will soon be able to produce better, faster and cheaper legal output. Exactly how this all will work in the future we do
not know, save from the fact that fundamental changes in the law firms’ organisations will be required. On the assumption that the speed of change is not dependent on technology but instead on the individuals’ ability to change, large law firm with more people employed will have bigger problems to adapt to the future than small firms. An interesting proposition that can reasonably apply not only to the legal sector.

 

 Anders Leissner
Director, Corporate Legal & FD&D


Previous Legal Corner articles 

IMB membership for FD&D members - Triton no 1 2018
Adaptability vs continuity - Triton no 3 2017
The importance of context - Triton no 2 2017
The strive towards clarity - Triton no 1 2017
Use your head - Triton no 3 2016
Leading OW Bunker case finally decided - Triton no 2 2016
Guidelines on place of refuge - Triton no 1 2016
It’s not what you do, it’s how you do it - Triton no 3 2015
Reflections - Triton no 2 2015 
A wreck removal convention ahead - Triton no 1 2015
We need to talk - Triton no 3 2014
What it is all about - Triton no 2 2014
The Shipping Blue(s) - Triton no 1 2014

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