The adoption of technology in the legal sector remains less developed than in other fields, where funding and regulatory alignment are more advanced, even though pressure to adopt lawtech is building from the need for greater efficiency; increasing workloads and complexity of work; the evolving demographic mix of lawyers toward younger and more ‘tech savvy’ personnel and, most importantly, greater client pressure on costs and speed, all of which were highlighted by the COVID-19 pandemic.
In Australia, The Global Legal Tech Report, a research initiative of the Australian Legal Technology Association (ALTA), backed by research sponsors such as the Law Society of England and Wales, reveals a vibrant legal tech sector with many companies at different stages of development, and whose three largest segments by solution category are legal document automation, legal operations and legal analytics. Yet, the historical lack of IT investment in the legal sector where the pace of technological innovation and adoption has been slower than in other service industries and the remaining structural barriers to technology adoption within the legal sector pose significant challenges to the legal industry.
While investing more than ever in innovation and new technologies, law firms should also focus on the adoption of that technology. This means addressing the lack of technological skills by investing time in the technology training of both senior and junior staff. Training is what time should be invested in as it is the answer to both students and legal professionals’ lack of technology skills and ultimately the way to adopting technology successfully in law firms and legal departments. The Legal Technology and Innovation Certificate (LTIC) was created to bring a breadth of understanding and engagement to legal practitioners around the world to enable them to engage fully with all relevant technology.
The Legal Technology and Innovation Certificate (LTIC) enables legal professionals to engage fully with all relevant technology. The course, heavily focused on hands-on practicals, enables participants to deep dive into real use cases hereby aims at bridging the gap between theory and practice to enable the participants to acquire substantial hands-on skills across a broad range of technologies.
The LTIC covers all the key areas of technology relevant to legal professionals, including those which were found to need the most training, such as Big Data & Analytics, Cyber Security, Blockchain, eDiscovery, and many more. Unrestricted by geography, the LTIC is creating a global legal technology community to house discussions and allow faculty and international participants to connect and expand their network, supported by global partners across Law Societies, Bar Associations, technology firms and academia, which will help towards building global coverage and taking a huge step in establishing a global benchmark in learning. The LT&I Institute, which curates the LTIC, is proud to be partnering with the Law Society of New South Wales to offer Australian legal professionals access to the leading technology program in the world.
The LTIC’s third cohort will start in February 2022. Apply now to join the program and download the LTIC brochure to learn more about the modules available, the faculty, partners, and Legal Lab opportunities. Get in touch at [email protected] for tailored information and preferential pricing.