Hello!@Abbie Whitlock What are the biggest challenges facing law firms (other than AI)?
Looking for some ideas if anyone else wants to chime in
This is a great question - aside from AI, I think some of the biggest challenges that you could do some further research on are:
- Talent Retention: there are changing expectations around work-life balance and flexibility, and firms need to adapt their recruiting processes to keep the top junior lawyers
- Client cost pressure: clients are price-sensitive and are increasingly looking for efficiency and alternative fee arrangements instead of the traditional hourly fee model
- Increased competition: particularly from US firms and alternative legal service providers. You could talk about the recent mergers that have happened in the legal industry, as this relates to this point!