Source: Paul Hastings/The Lawyer
Automation will inevitably drive up demand for senior skill sets within legal teams, Barclays managing director Philip Aiken believes, adding that lawyers will be better prepared for weathering an “unchartered, unknown and unprecedented” future.
It’s the same at GSK where assistant GC (corporate) Anthony Kenny says Covid-19 has proven the case for the digital switchover, “meaning there will be an increased desire for investment in automation in the long term”, he says. In fact, asked how the pandemic had impacted their approach to AI, almost two-thirds (61 per cent) of respondents to the survey said it had accelerated plans or made some impact.
While giants like Barclays, BT and GSK have the necessary budgets and know-how to drive forward the digital age, many general counsel will be pondering what AI means for their departments.
If you’d have predicted last year that in 2021 everyone would be merrily signing up to online debates and networking, most people would have been sceptical. Now, it’s the norm; in fact, to mark a year of living virtually, The Lawyer is hosting more than 500 in-house lawyers for the inaugural Smarter Working Week conference series, which will explore what the future of work will look like in-house.
While the great digital leap forward may be good news for keeping in-house budgets under control, there’s also a concern that it could result in the loss of creativity, reveal greater compliance and cybersecurity risks and eventually, said 30 per cent of respondents, end up replacing existing roles across the entire workforce.
Everything is up for discussion because the digital era is no longer crystal ball gazing – it’s arrived.