<?xml version="1.0" encoding="utf-8"?><rss xmlns:a10="http://www.w3.org/2005/Atom" version="2.0"><channel><title>³ÉÈËÓ°Òô</title><link>/blog/</link><description /><category>Future of Law</category><category>In-house</category><category>Events</category><category>Students</category><category>Research &amp; legal analysis</category><category>Blogs-Navigation</category><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:contributor><a10:name> </a10:name></a10:contributor><a10:link rel="self" type="application/rss+xml" href="/blog/feeds/lexisnexis" /><item><guid isPermaLink="false">urn:uuid:71428809-f9ea-4060-ada3-3b7ac2d98b88</guid><link>/blog/future-of-law/lawyer-retention-in-an-age-of-declining-loyalty</link><category>Future of Law</category><title>Lawyer retention in an age of declining loyalty</title><description>We explore the impact of declining loyalty on law firms and lawyers. Is this always such a bad thing?</description><pubDate>Tue, 14 May 2024 15:00:55 Z</pubDate><a10:content type="text">&lt;p&gt;In our recent report, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Disloyal lawyers: has the partner track lost its lustre?&lt;/a&gt;, legal leaders suggest the challenge of lawyer retention is partly due to loyalty. Lawyers in the early stages of their careers no longer feel obligated to stay at the same law firm, nor to follow the once-assumed partnership model. Job mobility has drastically increased along with a reduction in the associated stigma around moving.&amp;nbsp;&lt;/p&gt;&lt;p&gt;These challenges aren't restricted to the legal sector. They're part of a mass re-evaluation of priorities that followed the pandemic. However, solutions are unique to individual sectors. &lt;/p&gt;&lt;p&gt;In this article, we explore the driving forces behind the decline in loyalty, the impact on law firms and the wider sector, and discuss whether less loyalty is such a bad thing.&lt;/p&gt;&lt;h4&gt;The decline in loyalty&amp;nbsp;&lt;/h4&gt;&lt;p&gt;The decline in loyalty is driven by wider social change. People across all industries have re-evaluated their priorities and work-life balance has often come out on top. The social change is not unique to any given generation or demographic. It's widespread, almost universal. In fact, according to the recent &lt;a href="https://www.edelman.com/trust/trust-barometer" data-sf-ec-immutable=""&gt;Edelman Trust Barometer&lt;/a&gt;, more than two-thirds (67%) of employees across the economy need to rethink what work means to employees. &lt;/p&gt;&lt;p&gt;Lawyers, like workers across the economy, no longer want to spend twelve-hour days in an office, and this as mentioned above, has led to increased job mobility and decreased stigma around changing jobs, particularly for younger lawyers. &lt;a href="https://www.thelawyer.com/signal/data/fee-sharing-firms-what-you-need-to-know/" data-sf-ec-immutable=""&gt;The Lawyer's analysis&lt;/a&gt; of hiring data from Atlas by &lt;a href="https://www.codexedge.com/" data-sf-ec-immutable=""&gt;Codex Edge&lt;/a&gt; supports this. The data reveals lawyers are more likely to move firms, with junior lawyers being significantly more likely. The peak movement occurs at the 3PQE stage. &lt;/p&gt;&lt;p&gt;That's a point recognised by associates and legal leaders alike. In fact, according to &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;our report&lt;/a&gt;, 72% of leaders said associates are less loyal than in the past. This number jumps to 81% for large and medium-sized firms. Importantly, 61% of leaders said declining loyalty is intertwined with job mobility. It's thus self-perpetuating: lawyers are moving firms due to the reduced stigma and the reduced stigma makes lawyers move.&lt;/p&gt;&lt;p&gt;&lt;em&gt;Be at the forefront of the generative AI revolution, join &lt;a href="/event/lexis-plus-demonstration-uk.html?" data-sf-ec-immutable=""&gt;Lexis+ AI Insiders&lt;/a&gt; today and stay ahead of the curve. &lt;/em&gt;&lt;/p&gt;&lt;h4&gt;The impact of the decline in loyalty &lt;/h4&gt;&lt;p&gt;One&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/in-house/in-house-counsel-using-law-tech-.tmb-rssthumbna.jpg?sfvrsn=548a6f67_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:141019a7-a08b-43a2-87b7-46a28a52bcb4</guid><link>/blog/future-of-law/law-firms-the-freelance-revolution</link><category>Future of Law</category><title>Law firms and the 'freelance revolution'</title><description>We explore the impact of the increasing role of freelancers in law firms.</description><pubDate>Tue, 07 May 2024 12:51:34 Z</pubDate><a10:content type="text">&lt;p&gt;Our recent report, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html" data-sf-ec-immutable=""&gt;Disloyal lawyers: has the partner track lost its lustre?&lt;/a&gt;, explores how career paths in law firms are quickly changing. &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html" data-sf-ec-immutable=""&gt;Our report&lt;/a&gt; showed the partnership model, once the assumed career path for associates, has been fading in popularity.&amp;nbsp;&lt;/p&gt;&lt;p&gt;New career paths have gained huge credibility after a relook at priorities following the pandemic. In recent years, we've seen the rise of &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]989FB383-18F1-4B05-860D-C7607CBE56BA/what-s-the-best-legal-services-model-for-in-house-teams"&gt;a host of alternative legal service providers (ALSPs)&lt;/a&gt;, an increase in &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/5-exciting-new-career-paths-for-junior-lawyers"&gt;legal consultants at platform law firms&lt;/a&gt;, a new wave of &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/a-demand-for-specialist-knowledge"&gt;freelance lawyers&lt;/a&gt;, and plenty of other unique options challenging the standard model.&amp;nbsp;&lt;/p&gt;&lt;p&gt;Because of such changes, law firms are struggling to &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/what-career-paths-will-replace-the-partnership-model"&gt;retain talent&lt;/a&gt; and therefore, law firms are increasingly looking to contractors, consultants, and freelancers. &lt;/p&gt;&lt;p&gt;In this article, we'll dig deeper into the new opportunities for lawyers, the shifting career paths available to them, and the increasing role of contractors, freelancers, and legal consultants in law firms.&amp;nbsp;&lt;/p&gt;&lt;h4&gt;Differentiating contractors, freelancers, and legal consultants&lt;/h4&gt;&lt;p&gt;It's important to begin with definitions. Both freelancers and contractors are typically self-employed, operating as &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-to-start-your-own-law-firm"&gt;sole traders or as limited companies&lt;/a&gt; and each operates differently. Mostly, contractors are signed up with an agency and not paid directly by clients, whereas freelancers work independently and are paid directly.&amp;nbsp;&lt;/p&gt;&lt;p&gt;The term &lt;a href="/research-and-reports/platform-law-report.html" data-sf-ec-immutable=""&gt;legal consultant&lt;/a&gt; is often used interchangeably with freelance lawyer. Like contractors, legal consultants don't work entirely independently, as revenue-sharing &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/5-ways-small-law-firms-can-compete-with-platform-law-firms"&gt;platform law firms&lt;/a&gt; typically afford them employment. The key difference between legal consultants and contractors is that consultants tend to share a percentage of billings, whereas contractors are typically paid in fixed amounts: per day, per month, per job, and so on. &lt;/p&gt;&lt;p&gt;As mentioned, the legal sector often uses the above terms interchangeably and &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/the-future-of-work-since-2019"&gt;freelancer is sometimes applied as a synecdoche&lt;/a&gt; for all employees not employed by a law firm or a business. For ease, here, freelancer will cover both contractors and legal consultants.&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;em&gt;Be at the forefront of the generative AI revolution, join &lt;a href="/event/lexis-plus-demonstration-uk.html?" data-sf-ec-immutable=""&gt;Lexis+ AI Insiders&lt;/a&gt; today and stay ah&lt;/em&gt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/the-future-of-law/47034071_custom.tmb-rssthumbna.jpg?sfvrsn=c4a45e44_2" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:4ff7ae5e-26b5-4839-a9d3-6141729cd99b</guid><link>/blog/future-of-law/building-a-personal-brand-as-a-law-student</link><category>Future of Law</category><title>Building a personal brand as a law student</title><description>Developing a personal brand as a law student takes more than just a list of accomplishments; it requires careful consideration of experiences, values, and objectives. Students can carve out a distinct identity in the legal field by embracing varied experiences, demonstrating skills and passion, creating an online presence, participating in advocacy, and making important relationships through networking.</description><pubDate>Wed, 01 May 2024 15:34:16 Z</pubDate><a10:content type="text">&lt;p&gt;As a second-year law student at the University of Glasgow, my experience has been a thrilling combination of academics, community service, and personal development. Building a personal brand entail more than just listing successes; it also entails crafting a narrative that reflects my unique experiences, values, and goals. Let's explore how each facet of multiple facets alongside academics, contributes to shaping a personal brand within the legal realm.&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Embrace Different Experiences&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;Diversifying my experiences has been important in developing an interesting personal brand. From presenting research papers at multiple&amp;nbsp;conferences to working with Citizens Advice, I've accepted opportunities that match my interests and ideals.&amp;nbsp; These experiences have not only broadened my awareness of the legal world, but have also helped me improve my problem-solving, empathy, and advocacy skills. Whether it's taking on leadership roles in clubs and societies or working as a peer learning intern, every experience has helped me grow as a legal professional and shape my personal brand.&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Showcase Your skills and passion&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;As a law student, I used a variety of methods to promote my understanding and leadership in the legal community. Through blog postings, publications, and research papers, I've provided ideas on legal themes of interest while also engaging with peers and experts. Participating in speaking engagements and panel discussions has allowed me to demonstrate my&amp;nbsp;passion. Consistently producing content and engaging with a wider community of students and professionals has allowed me to establish myself as a credible voice and authority in my field.&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Cultivate Your Online Presence&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;Maintaining a professional online presence has been crucial in shaping my personal &lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/blogimages/students.tmb-rssthumbna.png?sfvrsn=58dea32b_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:6d209552-deaf-4e3a-a3df-135a7037400e</guid><link>/blog/future-of-law/how-law-firms-are-evolving-the-partnership-model</link><category>Future of Law</category><title>How law firms are evolving the partnership model</title><description>The law firm partnership model is in the process of evolution. We explore the impact of this change and the risks and benefits of introducing new partners.</description><pubDate>Fri, 26 Apr 2024 14:15:57 Z</pubDate><a10:content type="text">&lt;p&gt;Our report, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Disloyal lawyers: has the partner track lost its lustre&lt;/a&gt;?, explores the evolution of the partnership model. The partnership model was once, quite simply, the only choice in career path. It was the dream: partners shared profits, liabilities, and management of firms. But, due to the shifting ambitions of associates, new demands in the market, and &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-city-firms-can-counter-the-threat-of-the-big-four"&gt;new competitive forces&lt;/a&gt;, the partnership model is fading, at least in its earlier form.&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Our report&lt;/a&gt; shows 49% of law firm leaders believe associates are less interested in becoming partner, and only 25% of associates want to make partner at their current firm in the next five years. A statistic that drops to 22% for associates at large law firms and 23% at medium-sized firms. The &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/the-declining-allure-of-the-partnership-model"&gt;allure of the partnership model&lt;/a&gt; has declined, but not gone away entirely. The model is evolving to meet new demands. &lt;/p&gt;&lt;p&gt;In this article, we track this evolution and explore the pros and cons of taking on partners versus keeping equity tight. &lt;/p&gt;&lt;h4&gt;The evolution of the partnership model &lt;/h4&gt;&lt;p&gt;Associates re-evaluated their priorities during and after the pandemic. &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-can-law-firms-meet-the-work-life-balance-demand"&gt;Work-life balance&lt;/a&gt; became important: more than two-thirds (71%) placed it in their top priorities. Partnership, with all the perceived stress, long hours and the &lt;a href="https://hbr.org/2021/01/work-life-balance-is-a-cycle-not-an-achievement" data-sf-ec-immutable=""&gt;work-life imbalance&lt;/a&gt;, has dwindled as an aspiration.&amp;nbsp;&lt;/p&gt;&lt;p&gt;Law firms started changing to meet new ambitions. For example, &lt;a href="https://www.slaughterandmay.com/" data-sf-ec-immutable=""&gt;Slaughter and May&lt;/a&gt; offer a 'switch on/switch off' scheme, allowing associates to reduce hours to 0.9 or 0.8 FTE, in exchange for reduced remuneration. Slaughter and May also allow associates to take accrued non-working time off in pre-arranged blocks. The changes boost flexibility and ensure long-term career paths, hoping to prioritise work-life balance.&amp;nbsp;&lt;/p&gt;&lt;p&gt;Many firms are following suit, aiming to reduce demands on associates. The move seems a counter-argument to the &lt;a href="/research-and-reports/the-three-competitive-threats-facing-city-law-firms.html" data-sf-ec-immutable=""&gt;pitch of US firms&lt;/a&gt;, which have disrupted the UK market in recent years and have enticed top talent with promises of high pay. Reduced time demands in UK firms is particularly appealing as US firms demand so much. &lt;a href="https://www.legalcheek.com/2021/01/revealed-law-firms-average-work-from-home-start-and-finish-times-2020-21/" data-sf-ec-immutable=" href="https://www.legalcheek.com/2021/01/revealed-law-firms-average-work-from-home-start-and-finish-times-2020-21/" data-sf-ec-immutable=""&gt;&lt;/a href="https://www.legalcheek.com/2021/01/revealed-law-firms-average-work-from-home-start-and-finish-times-2020-21/" data-sf-ec-immutable="&gt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/caribbean-female-lawyers.tmb-rssthumbna.png?sfvrsn=441eb52c_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:22257de4-bfd1-4709-93b3-83cdc3b88a3b</guid><link>/blog/research-legal-analysis/report-on-istanbul-arbitration-days-2024</link><category>Research &amp; legal analysis</category><title>Report on Istanbul Arbitration Days 2024</title><description>The inaugural Istanbul Arbitration Days organised by Istanbul Arbitration Centre (ISTAC), held from April 17th to April 20th, 2024, garnered significant attention with participants hailing from diverse jurisdictions. Speakers representing different jurisdictions and a wide array of events catered to the 500+ registered participants. The historic Pera Palace Hotel hosted the Istanbul Arbitration Days’ opening reception on April 17. The inaugural Istanbul Arbitration Days organised by Istanbul Arbitration Centre (ISTAC), held from April 17th to April 20th, 2024, garnered significant attention with participants hailing from diverse jurisdictions. Speakers representing different jurisdictions and a wide array of events catered to the 500+ registered participants. The historic Pera Palace Hotel hosted the Istanbul Arbitration Days’ opening reception on April 17.</description><pubDate>Wed, 24 Apr 2024 13:28:14 Z</pubDate><a10:content type="text"></a10:content><media:content url="/blog/images/default-source/blogimages/istanbul-arbitration.tmb-rssthumbna.png?sfvrsn=8da8458_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:0c8841a0-74cb-4aa5-900e-18116aa5937f</guid><link>/blog/future-of-law/how-uk-us-law-firms-are-meeting-associate-ambitions</link><category>Future of Law</category><title>How UK and US law firms are meeting associate ambitions</title><description>We examine how UK and US law firms are meeting shifting associate expectations around different approaches towards compensation, work-life balance, and career development.</description><pubDate>Sun, 21 Apr 2024 23:00:00 Z</pubDate><a10:content type="text">&lt;p&gt;Our recent report, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Disloyal lawyers: has the partner track lost its lustre?&lt;/a&gt;, explores the shifting ambitions of associates and the future of the partnership model. &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Our report&lt;/a&gt; demonstrates that the partnership model, with lawyers working up the ranks, no longer seems inevitable.&amp;nbsp;&lt;/p&gt;&lt;p&gt;The implications are being felt across the legal sector globally. &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/are-city-law-firms-ready-to-tackle-a-triad-of-threats"&gt;UK and US law firms&lt;/a&gt; are witnessing changing priorities, struggling with retention and recruitment, and trying to meet the demands of the moment. &lt;/p&gt;&lt;p&gt;Here, we compare UK and US law firms' associate expectations, exploring key differences in pay, work-life balance, and career development. &lt;/p&gt;&lt;h4&gt;How UK and US law firms compare in terms of pay &lt;/h4&gt;&lt;p&gt;&lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Our report&lt;/a&gt; revealed that 71% of associates place work-life balance on their list of top priorities. That's partly driven by new opportunities: lawyers have more options and more potential career paths than ever, ranging from &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/5-exciting-new-career-paths-for-junior-lawyers"&gt;freelancing&lt;/a&gt; to &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/alsps-share-their-thoughts-on-why-in-house-legal-teams-aren-t-adopting-legal-technology"&gt;alternative legal service providers&lt;/a&gt;, and&amp;nbsp;&lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]989FB383-18F1-4B05-860D-C7607CBE56BA/in-house-teams-a-technology-driven-success-story"&gt;platform law&lt;/a&gt;. But shifting ambitions are also driven by negative perceptions: &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;the report &lt;/a&gt;shows that associates believe partners suffer from a &lt;a href="https://hbr.org/2021/01/work-life-balance-is-a-cycle-not-an-achievement" data-sf-ec-immutable=""&gt;work-life imbalance&lt;/a&gt;, which puts off many aspiring lawyers. However, this is only one side of the story. &lt;/p&gt;&lt;p&gt;When asked which changes would encourage associates to remain at their existing firms, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;our report&lt;/a&gt; found that 70% of associates referenced a higher salary and only 36% referenced a better work-life balance. Work-life balance is clearly a priority, but pay can prove decisive. One solicitor, with two decades of experience working in human rights and civil litigation, neatly summed up the situation: "In my experience, in the early stages of their career very few [junior lawyers] favour experience and knowledge over remuneration."&amp;nbsp;&lt;/p&gt;&lt;p&gt;Pay has long been a retention problem for UK firms. The &lt;a href="https://www.pwc.co.uk/industries/legal-professional-business-support-services/law-firms-survey.html" data-sf-ec-immutable=""&gt;PwC's Annual Law Firm's 2023&lt;/a&gt; survey suggested that US law firms are pushing their way into the UK legal market, partly due to their ability to offer higher pay packages. The top UK firms pay roughly 35-40% less than US peers, according to a &lt;a href="https://news.bloomberglaw.com/business-and-practice/elite-uk-firms-are-losing-london-salary-battle-to-us-invaders" data-sf-ec-immutable=""&gt;London-based legal recruiter&lt;/a&gt;. Even Magic Circle firms aren't able to match elite firms when it comes to associate salaries, despite the continuous US expansion. &lt;/p&gt;&lt;p&gt;UK firms largely operate &lt;a href="https://hrzone.com/glossary/what-is-lockstep-compensation/" data-sf-ec-immutable=""&gt;lockstep remuneration models&lt;/a&gt;, with partner seniority determining pay. That means&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/technology/featured-images/should-law-firms-consider-changing-business-model.tmb-rssthumbna.jpg?sfvrsn=2d8cb680_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:3ab3e654-9fab-4292-adc3-6b6fadb8457c</guid><link>/blog/research-legal-analysis/china-xmac-maritime-dispute-arbitration-rules-a-major-step-to-align-with-international-practice</link><category>Research &amp; legal analysis</category><title>China XMAC Maritime Dispute Arbitration Rules-a major step to align with international practice</title><description>On 01 May 2024, the inaugural version of Maritime Dispute Arbitration Rules (MDAR Rules) promulgated by a Chinese leading arbitration institution, the Xiamen Arbitration Commission (XMAC) locates in Xiamen City, Fujian Province, P. R. China, will officially come effective. Unless the parties agree otherwise, the MDAR Rules, as an independent but also supplementary rules with the Arbitration Rules of Xiamen Arbitration Commission (XMAC 2020 Rules) would apply to the arbitration cases pertaining to the maritime disputes commenced on or after this date.</description><pubDate>Fri, 19 Apr 2024 10:57:21 Z</pubDate><a10:content type="text"></a10:content><media:content url="/blog/images/default-source/dispute-resolution/sun-setting-at-the-sea-with-sailing-cargo-ship-scenic-view.tmb-rssthumbna.jpg?sfvrsn=406cc5af_2" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:7c47c9a5-28f1-4656-a1e3-92cb5ad2ecf6</guid><link>/blog/future-of-law/what-career-paths-will-replace-the-partnership-model</link><category>Future of Law</category><title>What career paths will replace the partnership model?</title><description>The demand for a better work-life balance has transformed the legal sector. We explore how law firms are rising to meet those expectations by offering new opportunities and new career paths.</description><pubDate>Mon, 15 Apr 2024 15:49:08 Z</pubDate><a10:content type="text">&lt;p&gt;Our new report, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Disloyal lawyers: has the partner track lost its lustre?&lt;/a&gt; unveils different career paths for lawyers. Ones that move away from the traditional partnership model. It unveils how the assumed routes to success, finding a good firm and staying put until you make partner, are no longer end-goals for many lawyers.&amp;nbsp;&lt;/p&gt;&lt;p&gt;One surprising statistic from &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;our report&lt;/a&gt; demonstrated that, despite awareness of &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-city-firms-can-counter-the-threat-of-the-big-four"&gt;new legal models&lt;/a&gt; and a degree of apathy towards the partnership model, three-quarters (75%) of associates plan to stay in Private Practice over the next five years. &lt;/p&gt;&lt;p&gt;This invites questions: are lawyers intrigued by new opportunities within firms? Has the &lt;a href="/legal/news/the-work-life-balance-in-a-law-firm" data-sf-ec-immutable=""&gt;pull of a better work-life balance&lt;/a&gt; dampened the push for partner? Are lawyers happy coasting instead of pushing themselves? &lt;/p&gt;&lt;p&gt;&lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Our report&lt;/a&gt; found the legal sector, like most sectors, has been transformed in the years directly following the pandemic. It found a sector in flux, with age-old assumptions and normative traditions challenged. In this article, we explore how new priorities have led to new career paths and look at some of the firms forging unique paths to retain talented lawyers. &lt;/p&gt;&lt;h4&gt;The demand for new career options at law firms &lt;/h4&gt;&lt;p&gt;The pursuit of a &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-can-law-firms-meet-the-work-life-balance-demand"&gt;greater work-life balance&lt;/a&gt;, hastened by shifting priorities during and following the pandemic, has been the main driver of change. Law firms are well aware of the shift in priorities with the popularity of remote and flexible working now well-defined across the sector. &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Our report&lt;/a&gt; found only 7% of lawyers at Private Practice firms were happy staying in the same position, while 26% wanted to be promoted to a position below partner. Most &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/the-declining-allure-of-the-partnership-model"&gt;didn't want to follow the partnership route&lt;/a&gt;&lt;. There's a degree of uncertainty, but this is driven by the diversity of options. &lt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/default-album/blog9.tmb-rssthumbna.jpg?sfvrsn=750d060d_0" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:c077c6de-8bd0-4346-9aa6-550d0adec37a</guid><link>/blog/future-of-law/how-can-law-firms-meet-the-work-life-balance-demand</link><category>Future of Law</category><title>How can law firms meet the work-life balance demand?</title><description>A better work-life balance is now a priority. But what does this mean for lawyers and law firms?</description><pubDate>Thu, 11 Apr 2024 15:48:01 Z</pubDate><a10:content type="text">&lt;p&gt;Our new report, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?utm_source=linkedin&amp;amp;utm_medium=social&amp;amp;utm_campaign=602807__all_segments__disloyal_lawyers" data-sf-ec-immutable=""&gt;Disloyal lawyers: has the partner track lost its lustre&lt;/a&gt;, shows that lawyers at different stages of their careers seek a greater work-life balance. Our&amp;nbsp;&lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?utm_source=linkedin&amp;amp;utm_medium=social&amp;amp;utm_campaign=602807__all_segments__disloyal_lawyers" data-sf-ec-immutable=""&gt;survey of more than 500+ lawyers&lt;/a&gt; found work-life balance was the most importance factor when looking to move firms.&amp;nbsp;&lt;/p&gt;&lt;p&gt;Here, we look at the reasons lawyers demand a better work-life balance, explore how this rising demand impacts the sector, and discuss how firms can meet that demand. &lt;/p&gt;&lt;h4&gt;The pandemic and shifting priorities &lt;/h4&gt;&lt;p&gt;The &lt;a href="https://www.edelman.com/trust/trust-barometer" data-sf-ec-immutable=""&gt;Edelman Trust Barometer&lt;/a&gt; explains that employees wanted a work-life reset. Changes in the world since the pandemic have forced people to re-examine their priorities. According to &lt;a href="https://www.edelman.com/trust/trust-barometer" data-sf-ec-immutable=""&gt;the Barometer&lt;/a&gt;, more than two-thirds (67%) of employees are re-evaluating how they spend their time and 72% believe employers need to rethink what work means to employees.&amp;nbsp;&lt;/p&gt;&lt;p&gt;The pandemic was the catalyst. The changes in working life, hastened by necessity, shifted attitudes towards work. Remote working seemed a quick solution to a short-term problem, but instead led to long-term questions around the role of the office, the flexibility of organisations, and the best routes to productivity. &lt;/p&gt;&lt;p&gt;Lawyers, like many other employees, didn't want to return to the office. They wanted more flexibility, and law firms had to level with that new reality. Many realised these changes were mutually beneficial. For example, the &lt;a href="https://www.cosocloud.com/press-releases/coso-survey-shows-working-remotely-benefits-employers-and-employees" data-sf-ec-immutable=""&gt;CoSo Cloud Survey&lt;/a&gt; found 77% of remote employees felt more productive, and the &lt;a href="https://www.flexjobs.com/blog/post/remote-work-statistics/" data-sf-ec-immutable=""&gt;FlexJobs report&lt;/a&gt;&amp;nbsp;found employees faced fewer distractions when working from home. Furthermore, the &lt;a href="https://www.greatplacetowork.com/resources/blog/remote-work-productivity-study-finds-surprising-reality-2-year-study" data-sf-ec-immutable=""&gt;Great Place to Work&lt;/a&gt; report, which depends on data gathered from over 800,000 employees at &lt;a href="https://fortune.com/ranking/fortune500/" data-sf-ec-immutable=""&gt;Fortune 500&lt;/a&gt; companies found not only greater productivity from flexible remote workers, but improved wellbeing, reduced personal costs, and greater satisfaction. &lt;/p&gt;&lt;h4&gt;The Great Resignation and reduced stigma&lt;/h4&gt;&lt;p&gt;&lt;a href="https: href="/"&gt;&lt;/a href="https:&gt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/corporate-law/what-are-the-arguments-against-reforming-corporate-liability.tmb-rssthumbna.png?sfvrsn=142d5120_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:f933b792-29ff-429d-8b4a-eb5a4b85adf7</guid><link>/blog/future-of-law/the-potential-of-ai-for-lawyers-from-academic-institutions</link><category>Future of Law</category><title>The potential of AI for lawyers from academic institutions</title><description>We explore the potential of generative AI on the future of legal academic institutions and look at how lawyers can work to maximise impact while mitigating ethical concerns.</description><pubDate>Thu, 11 Apr 2024 12:34:55 Z</pubDate><a10:content type="text">&lt;p&gt;Our recent report, &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html?utm_source=linkedin&amp;amp;utm_medium=social&amp;amp;utm_campaign=602739__all_segments__generative_ai_survey_h1_2024" data-sf-ec-immutable=""&gt;Lawyers cross into the new era of generative AI&lt;/a&gt;, shows an accelerated use of generative artificial intelligence (AI) across the legal sector. The &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/explore-the-growing-appetite-for-legal-ai"&gt;appetite is huge&lt;/a&gt; among lawyers, with adoption rates more than doubling from just &lt;a href="/insights/generative-ai-and-the-future-of-the-legal-profession/index.html" data-sf-ec-immutable=""&gt;11% of lawyers in July 2023&lt;/a&gt; to over a quarter (26%) in January 2024. But, as ever with the latest tech developments, adoption of generative AI has proved uneven, with certain parts of the legal sector more enthusiastic than others.&amp;nbsp;&lt;/p&gt;&lt;p&gt;Lawyers from academic institutions have proven the most enthusiastic, with 33% of respondents from academic institutions regularly using AI compared to the overall use of 26%. Lawyers from academic institutions use AI &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-small-law-firms-can-mitigate-the-risks-of-generative-ai"&gt;more than small&lt;/a&gt; and large law firms, and more than &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-generative-ai-will-change-the-nature-of-in-house-work"&gt;in-house lawyers&lt;/a&gt; and &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/generative-ai-the-bar-overcoming-hallucinations"&gt;lawyers at the Bar&lt;/a&gt;. But, while academic lawyers are profoundly enthusiastic, they're also the most concerned about the &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]DAB99E6B-08FF-4788-AE71-6B01D9199FDD/ai-use-risks-ethics-in-annual-reporting"&gt;ethical implications&lt;/a&gt; of AI, and most aware of the &lt;a href="https://hbr.org/2023/06/managing-the-risks-of-generative-ai" data-sf-ec-immutable=""&gt;moral hazards&lt;/a&gt;.&amp;nbsp;&lt;/p&gt;&lt;p&gt;Lawyers in academic institutions are proving a paradox, boasting both enthusiasm and caution. In this article, we explore the potential of generative AI on the future of legal academic institutions and look at how academic lawyers can work to maximise the impact of generative AI while mitigating risks. &lt;/p&gt;&lt;p&gt;&lt;em&gt;AI has arrived and the landscape is changing. Discover &lt;a href="/event/lexis-plus-demonstration-uk.html?utm_source=linkedin&amp;amp;utm_medium=social&amp;amp;utm_campaign" data-sf-ec-immutable=""&gt;Lexis+ AI Insiders&lt;/a&gt;. Join today and stay ahead of the curve.&lt;/em&gt; &lt;/p&gt;&lt;h4&gt;The application of AI in legal academia &lt;/h4&gt;&lt;p&gt;As mentioned above, lawyers from academic institutions are utilising AI more than any other section of the legal sector. Academic lawyers are not simply adopting the tech, but have been &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]989FB383-18F1-4B05-860D-C7607CBE56BA/five-tips-how-in-house-lawyers-can-streamline-workflows"&gt;implementing and integrating it across operations&lt;/a&gt;. For example, only 22% of &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html?utm_source=linkedin&amp;amp;utm_medium=social&amp;amp;utm_campaign=602739__all_segments__generative_ai_survey_h1_2024" data-sf-ec-immuta href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html?utm_source=linkedin&amp;amp;utm_medium=social&amp;amp;utm_campaign=602739__all_segments__generative_ai_survey_h1_2024"&gt;&lt;/a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html?utm_source=linkedin&amp;amp;utm_medium=social&amp;amp;utm_campaign=602739__all_segments__generative_ai_survey_h1_2024" data-sf-ec-immuta&gt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/default-images/capture3.tmb-rssthumbna.png?sfvrsn=ab09ab5d_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:58746cc4-9e2c-4f90-8ef5-02d277bd2240</guid><link>/blog/future-of-law/the-declining-allure-of-the-partnership-model</link><category>Future of Law</category><title>The declining allure of the partnership model</title><description>We explore the core drivers behind the decline in the partnership model, such as the prioritisation of work-life balance and the rise of alternative legal service models.</description><pubDate>Tue, 09 Apr 2024 12:26:32 Z</pubDate><a10:content type="text">&lt;p&gt;Our new report, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Disloyal lawyers: has the partner track lost its lustre&lt;/a&gt;, explores the shifting ambitions of associates, the urgent needs of legal leaders, and the future of the partnership model. This model, where partners share profits, liabilities, and management of the firm, has long been a staple structure of legal practices. But, &lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;our report&lt;/a&gt; demonstrates how the dream of making partner is quickly fading.&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="/research-and-reports/disloyal-lawyers-and-the-partnership-model.html?" data-sf-ec-immutable=""&gt;Our report&lt;/a&gt; shows less than half (49%) of law firm leaders think the current generation of associates are interested in becoming partner. It also reveals that only a quarter (25%) of associates want to make partner at their current firm within the next five years, dropping to 22% for lawyers at large firms and 23% at medium-sized firms. Leaders and associates agree: the allure of partnership is in decline. This raises key questions: What's driving that decline? What are the causes of shifting ambitions? How should firms react? &lt;/p&gt;&lt;p&gt;Here, we explore the core drivers of the decline in the demand for partnership and the increasing importance of &lt;a href="https://hbr.org/2021/01/work-life-balance-is-a-cycle-not-an-achievement" data-sf-ec-immutable=""&gt;work-life balance&lt;/a&gt;, including the diverse options available to associates. &lt;/p&gt;&lt;h4&gt;The increasing value of work-life balance &lt;/h4&gt;&lt;p&gt;The pandemic drove the shift in priorities towards a better work-life balance. And, by the necessity of lockdowns, inadvertently led to improvements in working life, particularly with remote working. This is further reinforced with Gen Z prioritising their work-life balance, and Millennials are proving instrumental. &lt;a href="https://www.cityam.com/gen-z-will-work-hard-but-not-while-stressed-millennials-stay-home/" data-sf-ec-immutable=""&gt;Generations Expert, Dr Eliza Philby&lt;/a&gt;, explains: 'The major puzzle piece is not Gen Z's desire for work-life balance but Millennial managers who are juggling kids, the mortgage rate crisis, have done the ten-year slog and don't want to commute.'&lt;/p&gt;&lt;p&gt;Shifting priorities, across various generations, has led to a shifting mindset in the approach to the partnership model. Moira Slape, Chief People Officer at &lt;a href="https://www.traverssmith.com/" data-sf-ec-immutable=""&gt;Travers Smith&lt;/a&gt;, says the allure of partner has lessened as a result: 'The mindset has s&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/dispute-resolution/33618388_xl.tmb-rssthumbna.jpg?sfvrsn=827f24a4_2" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:66dc469c-4cfa-4c09-aaaf-7f112a9cfdbf</guid><link>/blog/in-house/artificial-intelligence-ai-in-legal</link><category>In-house</category><title>Artificial Intelligence (AI) in Legal</title><description>Artificial Intelligence (AI) in LegalWe are delighted to welcome James Moore, co-founder of Flex Legal and Evelyne Tsang-Shields, Senior Legal Counsel in the Legal Department at Cambridge University Press &amp; Assessment to this month’s senior counsel session as they give a talk about practical ways to your existing tools and AI in your working day as well as key learning points from the trial use of Legal OS and participation in a company wide generative AI pilot.Date: Wednesday 24th April 2024Time: 10:00 – 11:00Format: Virtual eventRegister now</description><pubDate>Fri, 05 Apr 2024 16:33:25 Z</pubDate><a10:content type="text">&lt;p&gt;&lt;strong&gt;Artificial Intelligence (AI) in Legal&lt;/strong&gt;&lt;/p&gt;&lt;div&gt;&lt;p&gt;We are delighted to welcome James Moore, co-founder of Flex Legal and Evelyne Tsang-Shields, Senior Legal Counsel in the Legal Department at Cambridge University Press &amp;amp; Assessment to this month&amp;rsquo;s senior counsel session as they give a talk about practical ways to your existing tools and AI in your working day as well as key learning points from the trial use of Legal OS and participation in a company wide generative AI pilot.&lt;/p&gt;&lt;/div&gt;&lt;div style="text-align:center;"&gt;&lt;strong&gt;Date: Wednesday 24th April 2024&lt;/strong&gt;&lt;/div&gt;&lt;div style="text-align:center;"&gt;&lt;strong&gt;Time: 10:00 &amp;ndash; 11:00&lt;/strong&gt;&lt;/div&gt;&lt;div style="text-align:center;"&gt;&lt;strong&gt;Format: Virtual event&lt;/strong&gt;&lt;/div&gt;&lt;div style="text-align:center;"&gt;&lt;p&gt;&lt;a href="/event/flying-solo.html" data-sf-ec-immutable="" data-sf-marked="" target="_blank"&gt;&lt;strong&gt;&lt;a href="/event/flying-solo.html" target="_blank" data-sf-ec-immutable=""&gt;Register now&lt;/a&gt;&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p style="text-align:left;"&gt;&lt;span style="backgroun style=""&gt;&lt;/span style="backgroun&gt;&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/24034c83-5bbb-4515-ac4b-e57ff6d51d04-1-.tmb-rssthumbna.jpg?sfvrsn=5336de8c_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:b0f4422e-b349-4002-9b17-a23a84e57b71</guid><link>/blog/future-of-law/why-should-caribbean-attorneys-invest-in-technology</link><category>Future of Law</category><title>Why should Caribbean attorneys invest in technology?</title><description>In an age of technological advancement, the legal sector, once seen as resistant to change, is now embracing innovation to improve efficiency and stay competitive. Caribbean attorneys, as indicated by research from ³ÉÈËÓ°Òô, are recognizing the importance of investing in technology to streamline processes, access legal resources, enhance client communication, adapt to remote work trends, and gain a competitive edge. By leveraging technology, attorneys can boost productivity, provide better services to clients, and position themselves for future success in an evolving legal landscape dominated by AI and digital solutions.</description><pubDate>Thu, 04 Apr 2024 13:06:47 Z</pubDate><a10:content type="text">&lt;p&gt;In an era of rapid technology advancement, industries across the board are embracing innovation to streamline operations, enhance efficiency, and stay ahead of the curve. The legal sector, traditionally perceived as conservative and resistant to change, is not immune to this trend. &lt;br&gt;&lt;strong&gt;&lt;br&gt;&lt;/strong&gt;The legal profession is steeped in tradition but as technology continues to advance at a rapid pace, it's becoming clear that the industry must adapt, or risk being left behind.&lt;/p&gt;&lt;p&gt;According to the  &lt;a href="/insights/caribbean-legal-report-2023-changing-tides/index.html" data-sf-ec-immutable="" data-sf-marked="" target="_blank"&gt;Caribbean legal research&lt;/a&gt; from ³ÉÈËÓ°Òô  Caribbean attorneys are well aware of that.&lt;br&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;When asked about the specific ways in which firms plan to grow, one popular choice was to increase investment in technology. Nearly half of respondents (49%) said they had plans to increase their investment in their processes and technology, while just over a quarter (29%) had already done so. In a similar vein, 41% of respondents said they planned to pour more money into their website, while 35% said this was something they have already implemented. In this blog post, we'll explore why Caribbean attorneys should invest in technology and how it can revolutionize their legal practice.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;1) Efficiency and productivity:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;&lt;ins cite="mailto:Patel,%20Rakhee%20(LNG-LON)" datetime="2024-02-22T16:48"&gt;&lt;/ins&gt;&lt;/strong&gt;&lt;br&gt;&lt;strong&gt;&lt;ins cite="mailto:Patel,%20Rakhee%20(LNG-LON)" datetime="2024-02-22T16:48"&gt;&lt;/ins&gt;&lt;/strong&gt;One of the primary reasons Caribbean attorneys should invest in technology is the significant boost it provides to efficiency and productivity. Repetitive tasks&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/untitled-design-28-.tmb-rssthumbna.png?sfvrsn=79efd1db_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:06b49156-c3ae-4622-abd4-ff5cccb2fa55</guid><link>/blog/research-legal-analysis/the-online-procedure-rule-committee-the-digital-justice-system</link><category>Research &amp; legal analysis</category><title>The Online Procedure Rule Committee and the Digital Justice System</title><description /><pubDate>Wed, 27 Mar 2024 11:54:23 Z</pubDate><a10:content type="text"></a10:content><media:content url="/blog/images/default-source/rule-of-law/featured-images/court-house-law-uk-925x286.tmb-rssthumbna.jpg?sfvrsn=5cc7f54d_2" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:e80bd59c-9ee5-4192-bdd3-45cd8bd905cc</guid><link>/blog/future-of-law/explore-the-growing-appetite-for-legal-ai</link><category>Future of Law</category><title>Exploring the growing appetite for legal AI</title><description>Our report, Lawyers cross into the new era of generative AI, revealed rapid acceleration in the adoption of generative AI in the legal market. In this article, we summarise the key takeaways from the report and explore its potential long-lasting impact in all areas of the sector, including pricing.</description><pubDate>Wed, 27 Mar 2024 10:00:00 Z</pubDate><a10:content type="text">&lt;p&gt;Our recent report, &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html" data-sf-ec-immutable=""&gt;Lawyers cross into the new era of generative AI&lt;/a&gt;, demonstrates a rapid increase in the adoption of artificial intelligence (AI). The report shows adoption rates have more than doubled in the past six months alone, with 26% of lawyers now regularly using generative AI tools, compared to just 11% in a comparable survey from &lt;a href="/insights/generative-ai-and-the-future-of-the-legal-profession/index.html" data-sf-ec-immutable=""&gt;July 2023&lt;/a&gt;.&amp;nbsp;&lt;/p&gt;&lt;p&gt;This upward trend looks likely to continue. More than a third (35%) of lawyers suggested they plan to use AI in the future. In particular, &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/should-law-firms-disclose-the-use-of-generative-ai"&gt;in-house lawyers&lt;/a&gt; professed a strong appetite, with more than two-fifths (42%) alluding to plans to incorporate AI into legal work. &lt;/p&gt;&lt;p&gt;It's not just AI adoption that's increased. &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html" data-sf-ec-immutable=""&gt;Our report&lt;/a&gt; also showed that 65% of lawyers felt increasingly confident using AI platforms grounded on legal research, especially when using AI tools built on trusted legal content sources, such as &lt;a href="/event/lexis-plus-demonstration-uk.html" data-sf-ec-immutable=""&gt;Lexis+ AI&lt;/a&gt;. The overall perception of AI has shifted and, in the future, the appetite for adoption is expected to continue to grow. &lt;/p&gt;&lt;p&gt;In this article, we look at the &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html" data-sf-ec-immutable=""&gt;key takeaways from the report&lt;/a&gt; and track the accelerated adoption of AI across the legal industry. We explore, among other things, how lawyers are preparing for AI, the demand for AI accountability, and how AI will &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-generative-ai-will-transform-pricing-in-law"&gt;impact future pricing models&lt;/a&gt;. &lt;/p&gt;&lt;h4&gt;Lawyers gear up for generative AI &lt;/h4&gt;&lt;p&gt;The appetite for generative AI in law is unprecedented, with &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-generative-ai-helps-law-firms-to-compete"&gt;lawyers from across the sector&lt;/a&gt; embracing the tech. As mentioned above, more than a quarter of lawyers now regularly use AI. Academic institutions and large law firms also proved to be eager to use such tools, at 33% and 32% respectively. &lt;/p&gt;&lt;p&gt;Future plans show more enthusiasm. Only 39% of lawyers in &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-ge href="/"&gt;&lt;/a href="/research-and-reports/lawyers-cross-into-the-new-era-of-ge&gt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/in-house/featured-images/sa-1019-028-500x255(wetransferprovided)6.tmb-rssthumbna.jpg?sfvrsn=499a3ca9_2" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:34af6192-5f11-4171-96b1-7e867fecb20e</guid><link>/blog/future-of-law/are-the-sra-accounts-rules-just-for-the-accounts-department-in-a-law-firm-to-know</link><category>Future of Law</category><title>Are the SRA Accounts Rules just for the accounts department in a law firm to know?</title><description>Karen Edwards from the Institute of Legal Finance and Management discusses the SRA Accounts Rules from a legal practice perspective.</description><pubDate>Fri, 15 Mar 2024 13:49:53 Z</pubDate><a10:content type="text"></a10:content><media:content url="/blog/images/default-source/loan-ranger/pexels-august-de-richelieu-4427815.tmb-rssthumbna.jpg?sfvrsn=3c4f94bd_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:727d5417-d72d-4ede-b0e3-2dec2356e68f</guid><link>/blog/future-of-law/how-can-you-use-organic-social-growth-to-nurture-your-corporate-brand</link><category>Future of Law</category><title>How can you use organic social growth to nurture your corporate brand?</title><description>The topic of our most recent webinar was a tool that we believe all firms should use to their advantage: organic social media. Hosted by Laura Halls, Social Media and Content Marketing Manager at ³ÉÈËÓ°Òô, the session tackled what organic social media is, and how you can use it to cost-effectively raise your profile, build your client base, and even measure an ROI on your efforts.</description><pubDate>Fri, 15 Mar 2024 11:43:21 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;p paraid="495037630" paraeid="{c8e54d45-fc08-4016-b34b-74e4cb908d01}{189}"&gt;The topic of our most recent webinar was a tool that we believe &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/why-lawyers-should-embrace-social-media-not-fear-it" rel="noreferrer noopener" target="_blank"&gt;all firms should use to their advantage&lt;/a&gt;: organic social media. Hosted by Laura Halls, Social Media and Content Marketing Manager at ³ÉÈËÓ°Òô, the session tackled what organic social media is, and how you can use it to cost-effectively raise your profile, build your client base, and even measure an ROI on your efforts.&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="40489299" paraeid="{bab8df46-b81b-4435-b625-90a4dc1c5d73}{32}"&gt;Let&amp;rsquo;s take a look at four key learnings we took away from the event: &amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;h4 paraid="1357167005" paraeid="{bab8df46-b81b-4435-b625-90a4dc1c5d73}{50}"&gt;1. Linkedin&amp;rsquo;s personal profile v company page: what&amp;rsquo;s the difference? &amp;nbsp;&lt;/h4&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="399197289" paraeid="{bab8df46-b81b-4435-b625-90a4dc1c5d73}{67}"&gt;Though it might sound obvious, when it comes to Linkedin, your company page plays a very different role to your personal profile. Think of it in terms of the &amp;lsquo;push&amp;rsquo; and &amp;lsquo;pull&amp;rsquo; effect: while your personal profile allows you to make connections, build a network, and reach out to prospects, your company profile is the space to showcase your firm&amp;rsquo;s brand. That&amp;rsquo;s not just the work you offer, but the values your firm stands for. It&amp;rsquo;s a page that contacts both your immediate network and further, so they can &amp;lsquo;follow&amp;rsquo; for an idea of your culture, as well as services. It offers you not only analytics, to measure how your audience is engaging with you, but helpful suggestions on the type of content your followers could find interesting.&lt;span style="background-color:transparent;color:inherit;font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;h4 paraid="1696648283" paraeid="{bab8df46-b81b-4435-b625-90a4dc1c5d73}{213}"&gt;2. Twitter (or X):&amp;nbsp; to use or not to use?&amp;nbsp;&amp;nbsp;&lt;/h4&gt;&lt;/div&gt;&lt;div&gt;&lt;p paraid="169055238" paraeid="{bab8df46-b81b-4435-b625-90a4dc1c5d73}{224}"&gt;There is no doubt that Twitter (or X) is a declining platform. 2023 has only demonstrated how undecided it is on its purpose, be that as a source of current events or as a platform that delivers &lt;a href="https://www.aljazeera.com/economy/2023/8/3/what-is-elon-musks-everything-app-and-what-can-it-learn-from-china" target="_blank" rel="noreferrer noopener" data-sf-ec-immutable=""&gt;&amp;lsquo;everything&amp;rsquo;&lt;/a&gt;. It&amp;rsquo;s not one to invest significant resources and time into right now, as the ROI simply is not there. But it&amp;rsquo;s not one to ignore, either, with a significant number of legal professionals on the platform both in the UK &lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/the-future-of-law/image-155a0a5f06e224d679c4ea72a08c99fbe.tmb-rssthumbna.jpg?sfvrsn=30046b9_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:09779232-23d7-4fac-aead-2ba1d6e29936</guid><link>/blog/future-of-law/how-generative-ai-will-transform-pricing-in-law</link><category>Future of Law</category><title>How generative AI will transform pricing in law</title><description>We discuss how generative AI will significantly impact law firm pricing and may lead to different firms of billing.</description><pubDate>Mon, 11 Mar 2024 00:00:00 Z</pubDate><a10:content type="text">&lt;p&gt;A conflict brews in the heart of the legal sector. Generative artificial intelligence (AI) has arrived and the uptake has been encouraging. Our recent report, &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html" data-sf-ec-immutable=""&gt;Lawyers cross into the new era of generative AI&lt;/a&gt;, shows that more than a quarter (26%) of lawyers use generative AI tools at least once per month. Adoption rates in the past six months alone have more than doubled.&amp;nbsp;&lt;/p&gt;&lt;p&gt;The conflict exists in discerning who benefits from AI gains, especially around pricing. Generative AI streamlines operations, &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/how-to-automate-your-law-firm"&gt;automates small-scale processes&lt;/a&gt;, and expedites legal research. It provides huge time- and cost-savings. The conflict surrounds who should benefit from such savings. Should it be &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/are-city-law-firms-ready-to-tackle-a-triad-of-threats"&gt;the firms investing&lt;/a&gt; in tools alone? Or should benefits be passed on to their clients? Should in-house teams expect billing practices to change due to generative AI? &lt;/p&gt;&lt;p&gt;Below we discuss the potential problem of pricing and delve into the heart of the conflict, discussing two core points of contention: sharing the cost reductions and more effective forms of billing. &lt;/p&gt;&lt;h4&gt;The need to share cost reductions &lt;/h4&gt;&lt;p&gt;The problem of pricing was unveiled in &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html" data-sf-ec-immutable=""&gt;our survey&lt;/a&gt;. More than half (52%) of in-house teams and in-house lawyers &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/alternative-billing-the-secret-to-a-better-work-life-balance-for-lawyers"&gt;expect bills to reduce&lt;/a&gt; as a result of generative AI. Respondents from law firms, on the other hand, seemed less certain, with only 40% suggesting that they expected bills to be reduced. Such contrasting opinions form the crux of the pricing problem. &lt;/p&gt;&lt;p&gt;Properly trained generative AI systems grounded in legal data overseen by humans with an awareness of real-world impacts, will drastically improve the nature of legal work. Mark Smith, Director of Strategic Markets at &lt;a href="/blog" data-sf-ec-immutable=""&gt;³ÉÈËÓ°Òô&lt;/a&gt;, says that AI can ensure legal tasks are undertaken faster and at a higher quality than by a human alone:&amp;nbsp;&lt;/p&gt;&lt;p&gt;"The impact on price will depend on many different factors &amp;ndash; the importance and number of those tasks in the overall workflow, the pricing mechanism at play, the commercial relationship between the client and law firm, and the overall level of competition in that segment of the market."&amp;nbsp;&lt;/p&gt;&lt;p&gt;Various elements play a role, but the inescapable fact is that AI, properly executed, certainly saves money and time. According to John Quinn, Founder and Chairman of &lt;a href="https://www.quinnemanuel.com/" data-sf-ec-immutable=""&gt;Quinn Emanual&lt;/a&gt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/corporate-law/pexels-photo-5277965-1-.tmb-rssthumbna.jpeg?sfvrsn=42687382_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:a7f5fcf6-d8c0-4abb-b269-e6a49f0680d3</guid><link>/blog/future-of-law/churchill-v-merthyr-tydfil-is-adr-no-longer-an-alternative</link><category>Future of Law</category><title>Churchill v Merthyr Tydfil — is ADR no longer an alternative?</title><description>Read highlights from our webinar which explored whether ADR is no longer an option, but set to become a compulsory part of the claims procedure following Churchill v Merthyr Tydfil.</description><pubDate>Thu, 07 Mar 2024 11:00:00 Z</pubDate><a10:content type="text">&lt;p&gt;We were delighted to host a webinar on alternate dispute resolution (ADR) following the Court of Appeal&amp;rsquo;s decision in &lt;em&gt;Churchill v Merthyr Tydfil County Borough Council&lt;/em&gt; [2023] EWCA Civ 1416, which was handed down on 23 November 2023. We explored the implications of this case, and what it means from a practical perspective.&lt;/p&gt;&lt;p&gt;Moderated by Neda Feather, PSL in our Dispute Resolution team, our panel of experts included:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;strong&gt;Iain Wightwick of Unity Street Chambers&lt;/strong&gt; &amp;ndash; Iain specialises in real property work and social housing and has championed the use of ADR in property law over the past 25 years. He was at first instance and remains counsel for the Council in &lt;em&gt;Churchill v Merthyr Tydfil County Borough Council&lt;/em&gt;.&lt;/li&gt;&lt;li&gt;&lt;strong&gt;Anna Gilbert, Counsel in Dispute Resolution at Hausfeld &amp;amp; Co LLP&lt;/strong&gt; &amp;ndash; Anna specialises in commercial litigation and arbitration, with extensive experience in resolving complex disputes through ADR, Anna represents corporate and high net worth clients in a range of sectors, often involving multiple jurisdictions.&amp;nbsp;&lt;/li&gt;&lt;li&gt;&lt;strong&gt;Rebecca Warder, Head of Knowledge Management at Hausfeld &amp;amp; Co LLP and Deputy Chair at the London Chamber of Arbitration and Mediation&lt;/strong&gt; &amp;ndash; Rebecca is an experienced knowledge lawyer who has handled a wide range of high value disputes, both in litigation and arbitration, Rebecca has extensive experience of mediation.&amp;nbsp;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;You can &lt;a href="https://youtu.be/mq203RGs51A?si=R9O_HRRvFjwrhZvm" target="_blank" data-sf-ec-immutable=""&gt;watch the full webinar here&lt;/a&gt; or read on for the key insights from the session.&lt;/p&gt;&lt;h4&gt;Background of &lt;em&gt;Churchill v Merthyr Tydfil County Borough Council&lt;/em&gt;&lt;/h4&gt;&lt;p&gt;Iain introduced the case and noted that housing repair claims were not generally high value claims. The claimant, Mr. Churchill, noticed some Japanese knotweed growing on his property. Therefore, he instructed solicitors to commence proceedings against Merthyr Tydfil County Borough Council (the Council) for not taking any steps against the knotweed that was going onto his property. The Council asked Mr. Churchill to use the Council&amp;rsquo;s internal complaints process, which Churchill refused to do.&amp;nbsp;&lt;/p&gt;&lt;p&gt;Before the lower court, the District Judge agreed with the Council that the internal complaints procedure should &lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/the-future-of-law/featured-images/gettyimages-1477043858.tmb-rssthumbna.jpg?sfvrsn=297ce3b9_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:154d26f6-d4c9-4dec-96d0-15228373345f</guid><link>/blog/future-of-law/the-future-of-family-law</link><category>Future of Law</category><title>The future of family law</title><description>Graeme Fraser, Partner and Head of Family at BBS Law, shares his reflections on the key opportunities and challenges in the family law market, the digitisation of the courts and the impact of generative AI on the practice area.</description><pubDate>Wed, 06 Mar 2024 15:00:00 Z</pubDate><a10:content type="text">&lt;p&gt;The legal sector is evolving at a rapid pace, adapting to the numerous&amp;nbsp;opportunities and challenges it faces. From the cost-of-living crisis, shifting client expectations, increasing demand for specialist knowledge, and the emergence of &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/tracking-the-irresistible-rise-of-generative-ai"&gt;generative artificial intelligence (AI) legal tech tools&lt;/a&gt;, today&amp;rsquo;s lawyers are embracing change. This is no different for &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/growing-areas-of-the-law-2024"&gt;family lawyers who&amp;nbsp;are predicted to see&amp;nbsp;a steady increase in demand in their practice area in 2024&lt;/a&gt;, and who are using tech tools, such as the&amp;nbsp;MyHMCTS portal, to reduce the current backlog in the courts.&lt;/p&gt;&lt;p&gt;We caught up with&amp;nbsp;Graeme Fraser, Partner and Head of Family at &lt;a href="https://bbslaw.co.uk/" target="_blank" data-sf-ec-immutable=""&gt;BBS Law&lt;/a&gt;&amp;nbsp;to hear his insights on the future of family law. Read on for Graeme's reflections on the current key opportunities and challenges in the market, the digitisation of the courts and the impact of generative AI on the practice area.&amp;nbsp;&lt;br&gt;&lt;/p&gt;&lt;h4&gt;What are the key opportunities and challenges for family lawyers at the moment?&lt;/h4&gt;&lt;p&gt;Legal advice remains a primary need for clients going through divorce and separation. It is particularly important to provide clients with informed early advice. Following the advent of no-fault divorce, some work is becoming less contentious and easier to resolve. Family lawyers need to move away from adversarial approaches and adapt to a more transactional way of working including instructing a single lawyer for both clients. The recession means that consumers may be more reticent about separating, as they may not have enough money to afford rehousing. Family lawyers need to adapt their practices to ensure that we meet client needs which evolve because of financially straitened times. The increasing pressure on the Family Court means that many cases do not get heard quickly enough, deterring use of the Courts for those who can afford private processes including hybrid mediation, collaborative practice, and arbitration. We will need to ensure that the services that we offer make sense and appeal to consumers as being at reasonable cost. Where administrative work can be done more &lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/the-future-of-law/featured-images/pexels-lisa-fotios-1909014.tmb-rssthumbna.jpg?sfvrsn=32710908_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:2aa47c73-37de-447c-b58a-646d6c75ec27</guid><link>/blog/research-legal-analysis/international-arbitration-in-south-africa</link><category>Research &amp; legal analysis</category><title>International Arbitration in South Africa</title><description>International arbitration in South Africa has experienced a surge in recent years, especially after the introduction of the International Arbitration Act (IAA) in 2017, making South Africa a real ‘regional arbitration hub with considerable success.’ South Africa now has a modern and favourable legal framework encouraging arbitration as a process in the region. The IAA, in fact, has significant features that make South Africa an arbitration-friendly jurisdiction.</description><pubDate>Tue, 05 Mar 2024 14:03:50 Z</pubDate><a10:content type="text">&lt;p&gt;By &lt;a href="https://www.acerislaw.com/arbitration-lawyers/" data-sf-ec-immutable=""&gt;Alexandra Koliakou, William Kirtley,&lt;/a&gt; Aceris Law LLC&lt;/p&gt;&lt;p&gt;International arbitration in South Africa has experienced a surge in recent years, especially after the introduction of the International Arbitration Act (IAA) in 2017, making South Africa a real &amp;lsquo;regional arbitration hub with considerable success.&amp;rsquo;&lt;a href="https://reedelsevier-my.sharepoint.com/personal/reganr_legal_regn_net/Documents/Documents/Blog/International%20Arbitration%20in%20South%20Africa%20nh.docx#_ftn1" name="_ftnref1" title="" data-sf-ec-immutable=""&gt;[1]&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Historically, arbitration in South Africa was governed by the Arbitration Act 42 of 1965, which primarily dealt with domestic arbitration. The need for a modern and comprehensive framework that catered to international commercial arbitration led to the enactment of the IAA. The IAA incorporates the UNCITRAL Model Law&lt;a href="https://reedelsevier-my.sharepoint.com/personal/reganr_legal_regn_net/Documents/Documents/Blog/International%20Arbitration%20in%20South%20Africa%20nh.docx#_ftn2" name="_ftnref2" title="" data-sf-ec-immutable=""&gt;[2]&lt;/a&gt; and the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, thus giving effect to South Africa&amp;rsquo;s obligations under it.&lt;a href="https://reedelsevier-my.sharepoint.com/personal/reganr_legal_regn_net/Documents/Documents/Blog/International%20Arbitration%20in%20South%20Africa%20nh.docx#_ftn3" name="_ftnref3" title="" data-sf-ec-immutable=""&gt;[3]&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Accordingly, South Africa now has a modern and favourable legal framework encouraging arbitration as a process in the region. The IAA, in fact, has significant features that make South Africa an arbitration-friendly jurisdiction.&lt;a href="https://reedelsevier-my.sharepoint.com/personal/reganr_legal_regn_net/Documents/Documents/Blog/International%20Arbitration%20in%20South%20Africa%20nh.docx#_ftn4" name="_ftnref4" title="" data-sf-ec-immutable=""&gt;[4]&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Arbitral Institutions in South Africa&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;A number of arbitral institutions administrating arbitration proceedings in South Africa have been established. The Arbitration Foundation of Southern Africa (AFSA), including the Arbitration Foundation of South Africa International (AFSA International), manages all types of dispute resolution, particularly arbitration. AFSA administers numerous local business disputes and has handled a wide range of international arbitration disputes since 2017. Its head office is in Sandton, Johannesburg, but it also has regional offices in Pretoria, Cape Town and Durban.&lt;a href="https://reedelsevier-my.sharepoint.com/personal/reganr_legal_regn_net/Documents/Documents/Blog/International%20Arbitration%20in%20South%20Africa%20nh.docx#_ftn5" name="_ftnref5" title="" data-sf-ec-immutable=""&gt;[5]&lt;/a&gt;&lt;/p&gt;&lt;p&gt;The China-Africa Joint Arbitration Centre (CAJAC Johannesburg) is a subsidiary of AFSA. CAJAC was established in answer to the increasing trade between China and Africa. The CAJAC offers disputing parties internationally-based rules, tailor-made for China-Africa disputes.&lt;a href="https://reedelsevier-my.sharepoint.com/personal/reganr_legal_regn_net/Documents/Documents/Blog/International%20Arbitration%20in%20South%20Africa%20nh.docx#_ftn6" name="_ftnref6" title="" data-sf-ec-immutable=""&gt;[6]&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Arbitrability&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;Pursuant to Section 7 of the IAA, the parties are free to resort to arbitration for any international commercial dispute which relates to a matter that the parties are entitled to dispose of by way of arbitration.&lt;a href="https://reedelsevier-my.sharepoint.com/personal/reganr_legal_regn_net/Documents/Documents/Blog/International%20Arbitration%20in%20South%20Africa%20nh.docx#_ftn7" name="_ftnref7" title="" data-sf-ec-immutable=""&gt;[7]&lt;/a&gt;&lt;/p&gt;&lt;p&gt;International arbitration &lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/default-images/future-of-law.tmb-rssthumbna.jpg?sfvrsn=5d9ee00d_10" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:71a27326-2599-4ceb-bec2-f6e164d22088</guid><link>/blog/future-of-law/how-generative-ai-will-change-the-nature-of-in-house-work</link><category>Future of Law</category><title>How generative AI will change the nature of in-house work</title><description>Generative AI will change the nature of in-house legal work. We explore how in-house teams have addressed the risks of generative AI and explore how generative AI might impact pricing in the future.</description><pubDate>Mon, 04 Mar 2024 09:00:00 Z</pubDate><a10:content type="text">&lt;p&gt;&lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]7B419546-9BE7-4547-B040-49D402C6565E/generative-ai-the-expectations-of-in-house-teams"&gt;In-house legal teams &lt;/a&gt;have pioneered generative artificial intelligence (AI) adoption. &lt;/p&gt;&lt;p&gt;Our recent report, &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html" data-sf-ec-immutable=""&gt;Lawyers cross into the new era of generative AI&lt;/a&gt;, demonstrates in-house teams are often time-poor, deal with low-value but high-volume tasks, and typically work in organisations with a greater appetite for risk. Simply, in-house teams are better prepared for AI adoption.&amp;nbsp;&lt;/p&gt;&lt;p&gt;But, despite this, in-house teams face several risks and challenges around generative AI which has translated into caution, particularly around the external use of generative AI. We've also seen challenges arise around billing, with in-house teams and firms at odds when it comes to pricing expectations. &lt;/p&gt;&lt;p&gt;This article will explore the core risks associated with free-to-use generative AI platforms, discuss how teams can overcome such risks, and look at how to approach pricing challenges. &lt;/p&gt;&lt;h4&gt;In-house teams and the associated risks of AI&lt;/h4&gt;&lt;p&gt;The number of in-house teams expecting external counsel to use generative AI reached 70% in July 2023, according to our &lt;a href="/insights/generative-ai-and-the-future-of-the-legal-profession/index.html" data-sf-ec-immutable=""&gt;previous survey&lt;/a&gt;. But that number sharply declined to just 57% in &lt;a href="/research-and-reports/lawyers-cross-into-the-new-era-of-generative-ai.html" data-sf-ec-immutable=""&gt;January 2024&lt;/a&gt;. Mark Smith, Director of Strategic Markets at &lt;a href="/blog" data-sf-ec-immutable=""&gt;³ÉÈËÓ°Òô&lt;/a&gt;, says risks around accuracy, quality, and security justify declining expectations: "I suspect the number one reason is accuracy and fear of having the wrong advice, particularly heightened by issues with free-to-use generative AI."&lt;/p&gt;&lt;p&gt;Respondents cited the following as the most pressing risks of adopting generative AI: &lt;a href="/insights/how-to-practice-ethical-use-of-ai-in-law/index.html" data-sf-ec-immutable=""&gt;hallucinations&lt;/a&gt; (57%), security issues (55%), and the tech not being trustworthy enough (55%). Only 10% cited no concerns about generative AI. Free-to-use generative AI platforms create accuracy risk. Accuracy issues occur due to platforms trained on poor data sets, which create incorrect or misleading information to fill in gaps of knowledge or reveal false information based on false inputs. &lt;/p&gt;&lt;p&gt;Accuracy is a huge area of concern and one where in-house teams can't afford to get wrong. In-house lawyers are hired for their specialist knowledge and legal expertise and that knowledge informs legal issues &lt;a href="[f669d9a7-009d-4d83-ddaa-000000000002]989FB383-18F1-4B05-860D-C7607CBE56BA/lawyer-or-leader-how-in-house-counsel-can-navigate-this-paradox"&gt;but increasingly defines &lt;/a&gt;&lt;/p&gt;</a10:content><media:content url="/blog/images/default-source/the-future-of-law/featured-images/sa-1019-028-925x286-future-of-law-5.tmb-rssthumbna.jpg?sfvrsn=d74d07ed_2" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><guid isPermaLink="false">urn:uuid:d6c61949-c946-4228-b4d0-761427ebf16c</guid><link>/blog/in-house/future-lawyers-how-to-utilise-legal-apprenticeships</link><category>In-house</category><title>Future Lawyers and how to utilise legal apprenticeships</title><description>Future Lawyers and how to utilise legal apprenticeships We are delighted to welcome Mary Bonsor, Founder of Flex Legal and Denis Viskovich, founder of Future City Lawyers to this month’s senior counsel session as they give a talk about future lawyers and how to utilise apprenticeships. Date: Wednesday 27th March 2024Time: 10:00 – 11:00Format: Virtual eventRegister nowThere will also be the opportunity for questions and to share experiences with your peers under Chatham House Rules.  Guest Speakers:Mary Bonsor, Founder of Flex LegalMary Bonsor, Founder of Flex Legal, launched the award-winning platform in 2016 to connect law firms and in-house teams with paralega</description><pubDate>Thu, 15 Feb 2024 13:27:31 Z</pubDate><a10:content type="text">&lt;div&gt;&lt;p&gt;&lt;strong&gt;Future Lawyers and how to utilise legal apprenticeships&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;We are delighted to welcome Mary Bonsor, Founder of Flex Legal and Denis Viskovich, founder of Future City Lawyers to this month&amp;rsquo;s senior counsel session as they give a talk about future lawyers and how to utilise apprenticeships.&amp;nbsp;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div style="text-align:center;"&gt;&lt;strong&gt;Date: Wednesday 27th March 2024&lt;/strong&gt;&lt;/div&gt;&lt;div style="text-align:center;"&gt;&lt;strong&gt;Time: 10:00 &amp;ndash; 11:00&lt;/strong&gt;&lt;/div&gt;&lt;div style="text-align:center;"&gt;&lt;strong&gt;Format: Virtual event&lt;/strong&gt;&lt;/div&gt;&lt;div style="text-align:center;"&gt;&lt;strong&gt;&lt;a href="/event/flying-solo.html" target="_blank" data-sf-ec-immutable=""&gt;Register now&lt;div&gt;&lt;/div&gt;&lt;/a&gt;&lt;br&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div&gt;There will also be the opportunity for questions and to share experiences with your peers under Chatham House Rules.&amp;nbsp;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;Guest Speakers:&lt;/p&gt;&lt;p&gt;&lt;strong&gt;&lt;span style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;word-spacing:normal;caret-color:auto;white-space:inherit;"&gt;Mary Bonsor, Founder of Flex Legal&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;&lt;/div&gt;&lt;div&gt;&lt;p&gt;&lt;a href="https://www.linkedin.com/in/mary-bonsor-8a270859/" target="_blank" data-sf-ec-immutable=""&gt;Mary Bonsor&lt;/a&gt;, Founder of &lt;a href="https://flex.legal/why" target="_blank" data-sf-ec-immutable=""&gt;Flex Legal&lt;/a&gt;, launched the award-winning platform in 2016 to connect law firms and in-house teams with paralega&lt;/p&gt;&lt;/div&gt;</a10:content><media:content url="/blog/images/default-source/loan-ranger/gettyimages-1443300027.tmb-rssthumbna.jpg?sfvrsn=28a7f63f_1" width="300" height="300" xmlns:media="http://search.yahoo.com/mrss"></media:content></item><item><description /></item><item><description /></item></channel></rss>