Keywords: Uncertain, Unstable, Changing, Chaotic, Complex, Technology, AI, Private Equity, Talent, Litigation Finance
[Editor’s note: This post is a large excerpt from Patrick’s and Michael’s annual survey of law firm leaders. By a wide margin, what makes this year’s survey so interesting are the number of issues that five or ten years ago, no one would have seen coming—AI, PE investment in law firms. Many thanks to Patrick and Michael for sharing these interesting and provocative findings. wdh.]
Everybody wants to know about the future, as it often feels as though our world is changing so fast that we wonder what’s next. Markets shift, emerging technologies shake up old business models, new competitors arrive, and unrecognized trends assume center stage.