The Greek philosopher Heraclitus taught “Change is the only constant in Life.” It is not rhetorical to state that we are living in a time of seismic change. Jordan Furlong frames the challenges and opportunities as It’s not about who’s right, Boomers or Millennials. It’s about the most profound change to the fabric of the legal profession in 40 years, and how we’re going to get through it.
Will Generative AI destroy law firms? Jordan Furlong argues this may only occur if lawyers are too fixed in their ways to see the possibilities that lie beyond who we’ve always been and what we’ve always done.
Jordan Furlong writes the legal profession is about to go through what manufacturing already has. In the next few years, legally trained generative AI will replace lawyer labour on a scale we’ve never seen before. An enormous amount of lawyer activity consists of researching, analyzing, writing, developing arguments, critiquing counter-claims, and drafting responses. A machine has now come along that does most of these things, much faster than we do. Today, the machine needs lawyers to carefully review its efforts. Within two years, I doubt it will.
Jordan Furlong, Legal Sector Analyst and Forecaster, presents an engaging and actionable plan for figuring out how law firms are going to work in future. Furlong states this will occupy countless partnership meetings, conference agendas, and consulting engagements all over the legal industry throughout the next several years. Don’t worry if you don’t have all the answers — nobody else does, either he says. We’re all just getting started. What he suggest though is that figuring out what law firms are going to become requires first letting go of what they used to be. A good start towards accomplishing that would be to abandon the antiquated titles and categories into which we’ve been cramming law firm personnel for the last hundred years.
Legal sector analyst Jordan Furlong writes that it’s taken two years of rolling pandemic lockdowns to shake us from our torpid habit of gathering together only to work alone. Over the next decade, a Stanford professor estimates, US workers will spend a quarter of their work time at home — “the number of person-days in the office is never going back to pre-pandemic average, ever.” This has obvious ramifications for corporate office space, employee well-being, and even climate change. But the workplace itself is ground zero for this change, and there will be enormous ramifications in this regard alone. Furlong’s thought provoking essay identifies critical choices that can be made that will result in better outcomes for law firms moving forward.
Attorney, legal sector analyst and author of the book Law Is A Buyer’s Market: Building a Client-First Law Firm, Jordan Furlong’s long read offers insights on this unique time as North Americans venture briefly out of lockdown. Furlong states it seems like the right time to step back and consider the extraordinary shock-waved landscape of legal regulation change, and what it means for everyone. Furlong looks at four different dimensions in which law firm ethics models, legal services regulation, and lawyer licensing and competence standards are all beginning a process of transformation.
Jordan Furlong is a leading analyst of the global legal market and forecaster of its future development. In this article he discusses the changing landscape of the legal market, focusing on why and how the disruptive impact of advanced technology in the law will be to reduce the incidence and volume of traditional legal work given by clients to lawyers. Furlong states that this is not just a market change; this is the emergence of a new legal economy. That’s a term we need to start thinking about, developing more fully, and changing our strategies to reflect.