Emerging Trends in Legal Services: Meeting Consumer Expectations

Panel discussion on consumer expectations of legal services, including the importance of communication, shopping around, price comparison, reputation, and support for specific needs.

00:00:00 Panel discussion on consumer expectations of legal services, including the importance of communication, shopping around, price comparison, reputation, and support for specific needs.

๐Ÿ“ˆ Consumers' expectations of legal services are changing, with a focus on speed and ease of communication.

๐ŸŒ The location of a law firm has become more important to consumers, who prefer using solicitors in their local area.

๐Ÿค Consumers value human interaction and personalized support in their interactions with legal services providers.

00:08:43 Innovate London 2023 | Reaching new markets โ€“ what consumers want. Consumers have an appetite for cost and convenience when accessing legal services. Technology can provide a better user experience for both consumers and lawyers, allowing lawyers to focus on practicing law. The legal sector is lagging behind other industries in terms of transformative change through technology.

๐Ÿ”‘ Consumers have a strong desire for cost and convenience in accessing legal services.

๐Ÿ’ก Improving user experience for both consumers and lawyers is key to solving issues in the legal market.

๐ŸŒŸ Technology, including automation and AI, can free up lawyers to focus on practicing law.

00:17:27 Innovate London 2023 | Reaching new markets โ€“ what consumers want. The legal sector is lagging behind in delivering online services, especially in areas with limited internet access. Trust in technology is a barrier for consumers. Engagement with online services decreased after COVID-19.

๐Ÿ”‘ Tech has the potential to assist individuals in navigating legal processes.

๐Ÿ’ผ Companies like Vala are offering services to help people run their own discrimination claims.

๐Ÿค Advocacy and human support are crucial for individuals facing complex legal situations.

๐ŸŒ There is a need to ensure that small and medium-sized firms can provide accessible and empowering legal services.

๐Ÿ’ป The legal sector may be lagging behind in terms of online service delivery.

๐Ÿ“Š Consumer engagement and trust in technology are important factors to consider in improving legal services.

00:26:10 The video discusses the need for firms to offer round-the-clock services and the impact of technology on the legal profession. It also touches on the changing expectations of clients and the importance of balancing tech and human interaction.

๐ŸŒ Offering round-the-clock services is important for firms, especially those dealing with international clients.

โฐ Some believe that there should be boundaries in terms of working hours to maintain efficiency and support for lawyers.

๐Ÿ’ป Technology enables lawyers to serve clients at lower costs and with more convenience, leading to increased satisfaction for both parties.

๐Ÿ‘จโ€โš–๏ธ The future lawyer will need to have specialized tech skills to adapt to the changing landscape of the legal profession.

00:34:53 The video discusses the shift towards providing services more cheaply and the need for lawyers to embrace technology and a growth mindset. It emphasizes the importance of ethics and the challenges of training staff in adopting new technologies.

๐Ÿ“ The shift towards providing services more cheaply and efficiently through technology and task liberalization.

๐Ÿ’ก Law students need to embrace basic technology skills, a growth mindset, creativity, and ethical considerations in the face of technological advancements.

๐ŸŒ The importance of accessible and expandable document storage software for law firms to increase collaboration and mobility.

๐Ÿ‘ฅ Consumer expectations and engagement with legal services are changing, prompting the need for firms to adapt and meet evolving needs.

00:43:37 The video discusses the increasing importance of price transparency and unbundling in accessing legal services. It highlights the need for lawyers to embrace technology and adapt to changing consumer demands.

๐Ÿ” Price transparency and reputation are important factors for consumers when shopping.

๐Ÿ“š Unbundling legal services can help reduce costs and make legal services more accessible for people.

๐Ÿš€ Identifying customer needs and finding innovative solutions is crucial for success in the legal tech space.

๐Ÿ’ก There is a concern about the reluctance of existing practitioners to embrace new ways of doing things in the legal industry.

00:52:21 A discussion on the resistance of law firm managers to adopt basic technology improvements and the potential for technology to drive down costs and improve efficiency in the legal industry.

๐Ÿ“ฑ The reluctance of law firm managers to embrace basic technology improvements, such as hardware and portals, is hindering progress in the legal industry.

๐Ÿ“œ Many law firms are at risk of being left behind if they fail to adapt to new technologies and continue using outdated methods, such as paper files.

๐Ÿ’ฐ The implementation of technology and artificial intelligence in law firms has the potential to both increase and decrease costs, depending on factors such as billing practices and efficiency gains.

Summary of a video "Innovate London 2023 | Reaching new markets โ€“ what consumers want" by Solicitors Regulation Authority on YouTube.

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