The legal business is being assailed by tech-driven change (just like every other business.)
Solo and small firms are in a precarious position now.
Technology is commoditizing low-level legal work. Because that kind of work can be easily automated or outsourced.
That’s the bad news. Now…
What can’t be easily outsourced or automated is wisdom.
The kind that comes from lots of experience solving many different problems for many different people.
Intuition is often based on wisdom, by the way.
And guess what?
Computers don’t have intuition or wisdom.
What they have are algorithms.
Computers solve the problems that programmers can easily create algorithms to solve.
Which is a lot of problems. But not all of them.
And certainly not the most interesting ones.
So if you feel threatened by rampant technological change, and find yourself struggling to keep up, here’s a powerful, little-known fact.
You don’t need to keep up with technology.
You just need to work on developing wisdom. (Or tap into it more if you already have it, which I bet you do).
In the next blog post I’ll explain what kind of wisdom lawyers need to succeed.
Even with the looming prospect of “artificial intelligence.”
After all, according to the pundits (who also are enthralled by ‘Game of Thrones’), “winter is coming”…
That is, artificial intelligence will supposedly replace the decisions made by lawyers. And then we’ll be obsolete.
Hmmmmm, that’s a great suspense plot for a movie, but…
Don’t let yourself be lulled into laying down your weapons (i.e. your wisdom and thoughtfulness)
And don’t join the cult of tech worshippers.
Technology is not the key to success in business.
You don’t need to know more about technology.
You just need to focus on actionable insights.
Yes, winter may be coming. But you have more resources to cope with it than you probably think.