Corporate Legal Departments in 2020
Advanced analytics and machine learning are growing more commonplace within legal work. New privacy regulations are causing organizations to rethink their approach to enterprise data and customer relationships. Certain legal functions are growing more commoditized. Law school admissions, while slightly up this year, remain historically low.
The results of a recent survey of chief legal officers about the future of the legal industry and the skills and expertise needed for the next generation of lawyers clearly indicate an industry in transition across four key areas:
- The evolving role of in-house counsel.
- Risk factors and how the modern legal department is addressing them.
- Advice that general counsel have for their law firms and for future lawyers.