English: Official logo of the World Economic Forum (Photo credit: Wikipedia)
According to the influential WEF, academically trained attorneys are increasingly being replaced by technology.
Source: Your next lawyer could be a machine | World Economic Forum
This is not at all surprising given the growth of technology and cost pressures to reduce transaction costs. For some time, larger firms have been offshoring simpler work to low-cost economies with high standards of education India.
Of course, similar trends are likely in other professions, especially accountancy.
The bottom line is that if your an aspiring lawyer, you better aim to be to top tier expert with outstanding customer-facing skills. The typical low-tier ambulance chaiser is North America is doomed.
Thoughts?
