Bloomberg Law 2021. The Law Society of South Africa (LSSA) and LexisNexis published a report titled ‘Attorneys’ Profession in South Africa 2016 Review’ (see www.lssa.org.za). Now that you have known the problems facing young lawyers in Nigeria and the legal profession as a whole, it is important to proffer some solutions that will likely stop or drastically reduce these problems. One year ago, the automotive industry was swiftly and seriously impacted by the COVID-19 pandemic. Some of these challenges – politics, justice, and business – are complex but easily understandable for lawyers. The report also shows just how hard publicly funded barristers have been hit by court closures: 38% of criminal barristers say they are uncertain whether they will still be practicing law in 2021. a change in the fee pricing model with participants requiring fixed or capped fees and the introduction of some form of value-based pricing. It has made many aspects of both work and personal lives easier and more convenient. It is hoped that legal practitioners in SA will have regard to the outcomes of the various studies on the challenges facing the profession. Some of the most common issues and challenges facing the legal industry include: The potential opening up of India’s legal market has been a major talking point of 2017; the government has been aggressively pushing for liberalization. The Four Key Challenges Facing the Legal Sector The most agile legal firms anticipate change and adapt their working practices, systems and processes to meet evolving market forces. This is more so to keep up with the demands of new industries emerging in the business market. The strange irony of the pandemic’s impact on the legal profession … Imagined by, Axis Bank to raise big bucks with investors, Pledging shares does not create a financial creditor, Disincentives to foreign investment in non-personal data, Bharath launches KRIA Law, ends 20-year innings at Anand and Anand, Link Legal lawyer joins Algo’s Bengaluru office, Innoterra promotes India counsel to global role, The committee of creditors and its commercial wisdom, Delhi High Court breaks ground with AASI order, Capital Markets Legal Assistant Beijing 0-2 Years, Intellectual Property Paralegal (3+ yrs EXP) – 16220/VTA, ACC survey pinpoints data privacy as top in-house concern. Legal practices must ensure that appropriate measures are implemented to protect themselves and their clients from cyber risks. Does the exclusion of certain employees under ch 2 of the BCEA mean that those employees are not entitled to be compensated for overtime worked? Pressure to rein in legal costs has forced law firms to diverge from the traditional billable-hours model in favour of new alternative billing models such as fixed, flat, blended or capped fees. Patrick Dixon in ‘10 Key trends that will radically change the future of law, lawyers, law firms, corporate legal, attorneys, legal counsel – If you started out with a blank sheet, how would you design a third Millennial Law Firm?’ (www.globalchange.com) has listed the top ten trends for legal practice depending on geographical location. With job growth that exceeded 180,000 in the United States each month, many people, including those in the law profession, are finding it possible to pick and choose which particular job appeals to them most. The Legal Practitioners Indemnity Insurance Fund (LPIIF) has been notified of at least 110 cyber-scam related claims, worth over R70m, si… The 2021-22 budget was a restrained exercise that prioritised tidying up tax administration, and while the tweaks may not have grabbed headlines, they are sure to have an impact. It has been noted that 3% of the respondents to the Deloitte ‘Future Trends for Legal Services Global Research Study’ (www.2deloitte.com) (referred to below) were from Africa and the Middle East. Our publications are designed to contribute substantial research, data, opinions and recommendations to the ongoing dialogue about the legal profession, lawyers’ careers, and legal education. We invite you to explore these writings based on our groundbreaking empirical and theoretical research and scholarship. The lessons learned will enable the legal profession to identify possible areas of growth in the future and to meet the expectations of clients. Cyber risks pose a threat to the funds and the data held by law firms. The adoption of a set of reforms that are hinged on reclaiming the traditions of virtuous ethics and entrenching personal and corporate integrity, among other things, are some of the requisites for addressing the many challenges facing the legal profession in Nigeria, according to … Like the formal and informal economy, the same malice exists even among lawyers, which Madras High Court has at least taken some cognisance of, cancelling the membership of 713 lawyers who had enrolled as advocates after getting law degrees based on MA degrees of open universities. In order to foster long-term relationships and maximize value, more law firms are embracing alternative billing as a way to meet the needs of cost-conscious clients. According to the South African Banking Risk Information Centre (SABRIC), South Africa currently has the third highest number of cybercrimes worldwide (www.aon.co.za, accessed on 26-07-2019). Overall, there are many challenges facing lawyers and law firms in modern times and no-one can be certain whether these will be the same in 2025 or indeed if we’ll have a new host of difficulties to overcome. Inequality and a lack of access to partnership is a continuing problem for many in the profession. Very soon lawyers will be forced to change the way they do business to serve clients in order to keep pace with the changing trend as they are faced with PE and VC-backed competition where regulatory framework is yet to evolve! The Biggest Challenges Facing the Legal Profession in 2021 | Keep Calm Talk Law 2021 is an exciting - if strange - time to be starting out in the legal sector or trying to get a foot in the door. However, it is not known what number of South Africans, if any, participated in the survey. Here are some of the challenges lawyers should be … When Keep Calm Talk Law revisits this topic in 2021, that article will likely tread over familiar ground just as this one has. Recent articles and research – March 2021, Establishment meetings for the LSSA provincial attorneys’ association, CV portal for candidate legal practitioners, Southern African Development Community Law Society. Cyber risks pose a threat to the funds and the data held by law firms. Madras High Court also expressed shock over people with criminal backgrounds and without formal education getting enrolled as advocates using irregular and illegal means such as purchasing law degrees. In addition, with technology comes the ever-increasing threat of cybersecurity, which law firms have to be particularly sensitive to, given the nature of their work.’. Overall, there are many challenges facing lawyers and law firms in modern times and no-one can be certain whether these will be the same in 2025 or indeed if we’ll have a new host of difficulties to overcome. Acquisitions through enforcement of pledged shares have become a feasible route, with courts playing a supportive role, Despite the flaws, the advantages of virtual courts mean they should continue even after the pandemic has abated, With a rise in corporate misdeeds, the courts and the parliament are responding by necessity to the definition and treatment of executive liability in India, writes Vikramaditya Khanna, The Korea In-house Counsel Association (KICA) held its 2021 general assembly and new year’s meeting virtually on 20 January. These changes can be exciting and dynamic, but with […] At ARA LAW, we have envisaged this long back and stuck to our core practice areas. Agility in any business organisation requires a thorough appreciation of the specific business challenges faced, so that Keep Calm Talk Law looks at some of the major trends and challenges for the … This could result in reshaping the legal industry. Technology is a recurring topic in the material published on the challenges facing the legal profession. However, since technology changes so fast and there is so much uncertainty about its potential success, it is often hard for law firms to keep up. This has brought about new opportunities inevitably leading to the opening of new trending business opportunities in many sectors and industries. Conclusion. The Deloitte study found that the consumers of legal services had a number of unmet expectations, being –. India is going through a sea of change in terms of reforms in the legal and regulatory space. The Biggest Challenges Facing the Legal Profession in 2021 2021 is an exciting - if strange - time to be starting out in the legal sector or trying to get a foot in the door. This has led to increased competition – there is no level playing field concept in the country. Tweet The legal profession is a competitive one. The key to success lies in super specializing in one’s core practice areas. Commentary How Three Pandemic-Induced Issues Create Opportunity for 2021 We have a unique opportunity to implement digital transformation for the law profession. One Year Of Challenges And Changes For The Legal Industry ... on March 8, 2021 at 3:15 PM March 8, 2021 at 12:59 PM. The Legal Technology Resource Center’s Women of Legal Tech initiative is intended to encourage diversity and celebrate women in legal technology. Substance Abuse and Addiction Treatment: Issues Facing the Practicing Lawyer 091919RPS 1 Hr Competence Issues Practicing law is a high-risk profession as evidenced by the fact that approximately 25% of all lawyers experience some form of substance abuse and/or depression. Rajesh Begur Managing partner ARA LAW Mumbai. Pursuing legal profession a law degree was once a go to a stable legal career but not anymore. Becky Mackarel, Consultant in Odgers Interim Professional Services Practice, discusses how law firms can overcome the key challenges they face now and in the future. With every passing year hundreds of thousands of lawyers are thrown in the system, however onboarding talented lawyers with the right skill set and the right attitude to work is quite often a challenge. Some of the most common issues and challenges facing the legal industry include: Opening of the Indian legal market Q.1. These are some of the challenges that await you in the first stage of your legal … A round-up of LexisNexis' latest articles supporting the legal sector through Covid-19 changes. The authors have tracked the predicted growth in the global legal-services market on the table below: The Deloitte Legal study likewise found that the legal services market is growing.