CLI Legalpreneurs future 50
15 December 2023

Legal Innovation and Tech in 2023 – A year in review

Published on 15 December 2023

 

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If you would prefer to listen to rather than watch this session, you’ll find the podcast here

This session has become an annual event for us and, this was a BIG year to review the world of legaltech, AI and innovation. So much has happened since ChatGPT exploded onto the market in November 2022. Its impact has been pervasive, even in an industry like legal which would not, in the past, have been described as agile.

So, what changed in 2023?  What stuck, what didn’t, and why? We welcomed back Caryn Sandler, Partner and Chief Knowledge & Innovation Officer at Gilbert + Tobin and Co-chair of the CLI Advisory Board; Graeme Grovum, Head of Legal Technology and Client Services at Allens; and Tessa van Duyn, CEO and Practice Leader at Moores, to discuss this and, we wrapped with a little crystal ball gazing into 2024 too!

We started this session by identifying why GenAI has captured our attention, dominated every conference, meeting, and the media so completely. Then we moved into the nitty gritty of it all, identifying use cases, interrogating how tech stacks have changed, and how that is impacting the law firm business model (client relationships, billing, risk and value). And we spent a little time on the huge question around capabilities too – do we have them, what do they look like, and how we can bridge the gaps?

There’s a lot going on in legal businesses right now, in all these areas, so we also explored how these businesses are strategising and planning for/in a market that is changing so rapidly and dramatically. That discussion took us to the next, how leaders/leadership are/is being reinvented for a new legal world, and that for many, this will involve a steep learning curve.

We wrapped with what will come next, in the first month of 2024. While plans differed, one thing was certain, we all have to find the space to reflect, consider next steps, and find the calm in this AI storm.

Thank you sooooo much Caryn, Graeme and Tessa – this is a session we look forward to every year and we’re certain you will too – don’t miss this one!

About the Future 50 Series

In the Future 50 Series we’re chatting with legalpreneurs who, through their ideas and actions, are challenging and transforming legal BAU all around the world. 

If you would like to recommend people for this Series, please contact us at: CLI@collaw.edu.au