Career In Law: 5 Career Trends Reshaping Legal Industry
These trends have not changed the way of working but have made working in this industry more pronounced.
In the early 2000s, the legal industry had a fixed and simplified way of working where one lawyer had a solution for all and any type of problem. Today, the legal industry is experiencing a huge change in the manner it used to work and also in a way to cater to customers/client's needs. Traditional legal services are losing their luster and are being replaced by emerging trends in the legal industry so as to cope up with the competitors and hold a strong position in the industry. These trends have not changed the way of working but have made working in this industry more pronounced.
Below mentioned are 5 legal trends reshaping the legal industry:
1. Freelancing and Virtual Legal Services
Since the pandemic, lawyers have shifted to working from home by conducting meetings, client calls, researching and freelancing the work by sitting at home which has not only increased productivity but also increased the range of network and client reach. Earlier a lawyer who used to keep his reach minimum to the area in which he works can now work globally with the use of information technology-enabled platforms and services.
2. Law and Journalism
Legal Journalism is one of the unconventional and extremely fascinating facets of the field of law which emerged mainly after the 2000s. Legal journalism is related to the law perspective of the incidents happening around the world including economy, science, politics, culture, religion, sports, etc. and it does not necessarily require a degree in journalism.
3. Cyber Lawyers
With the emerging technology and digitalization, cybersquatting has become a common practice in today’s era. To curb the same, cyber law is an emerging practice in India. Cyber lawyers deal with cases of cybercrimes against an individual, company or government. A cyber lawyer should be aware of internet activities and should have knowledge of the latest technology like cryptocurrency, cybersecurity etc. Cyberlaw also includes e-commerce, e-contracts and digital signatures, intellectual property rights, cybersecurity, etc.
4. Alternate Dispute Resolution (ADR) Lawyers
Alternate Dispute Resolution is a mechanism where the parties in dispute come to a solution peacefully. It can be a matter involving a dispute of civil, criminal, matrimonial or corporate nature. Since the advent of ADR as a dispute resolution mechanism, it has played a very crucial role in reducing the number of court cases in India. ADR is appealing as it is cost-effective, less time-consuming, no fear of court, an efficient mechanism and also preserves the best interest of the parties.
5. Legal Audits Lawyers
Legal audits in simple terms mean checking the position or health of the business in terms of legal compliances. Legal audits include reviewing contracts, agreements, documents, legal compliances, and conducting IP audits. Legal audits help in reducing legal disputes and hurdles and is important for risk management. Legal audit lawyers are highly required and preferred by MNCs and Corporate firms.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house
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