CHALLENGES FACED BY LEGAL PROFESSIONALS AND HOW THEY COMBAT THEM
In today’s world, where people have a plethora of career options, many choose to become lawyers. Some people think of it as a lucrative industry, while others believe it is a distinguished career. But does anyone acknowledges the challenges faced by legal professionals? Indeed, it is a competitive profession, and with rapid changes, practicing law is becoming more intense.
The lawyers have undergone significant changes because of the economic crisis, which led to the evolution of the legal industry. It is giving birth to clients who believe in setting empowering terms and conditions while availing legal services. Similarly, lawyers’ roles and responsibilities are also changing since companies are looking for lawyers with a business mindset.
Nowadays, companies need lawyers to resolve legal issues and support their business’s development efforts.
Alongside a deep level of legal knowledge, lawyers have to familiarize themselves with the tools of business technology. They have to understand these challenges and find opportunities that lie ahead.
Here are some of the challenges faced by legal professionals and ways how to overcome them.
1. Regulations & Legacy
With the changing dynamics of the legal profession, the authorities are moving beyond the traditional policies and regulations. Likewise, the changes in political landscapes and biases in high-profile cases persuade the law to move from judicial to a legislative framework. Hence, it is quite challenging for lawyers to keep up with the changing regulations. As a result, they are focusing on institutionalization.
It provides law firms with a complete framework of governance, regulatory policies, transparency, and compensation plans. It actively administers legal concerns, like defamation and invasion of privacy. Feel free to go through a law blog to learn more about them. In short, institutionalization is the only way to survive through these regulations without sacrificing legal services.
2. Technology & Practice of Law
The domination of technology and the availability of communication tools are changing the practice of law. Although the handling of legal issues is the same, the way lawyers practice and deliver advice is changing dramatically. Clients are ahead of lawyers when it comes to the integration of knowledge and technology. Thus, they also expect their attorneys to look for ways to be efficient proactively. To meet the rising expectations, lawyers are experimenting and adopting various technologies in their practice.
- Virtual Law – A professional law practice, functioning online through a secure portal. It is accessible by the lawyer and client, reducing the conventional overhead cost of firms.
- e-lawyering – It is a collaboration tool for attorneys where they meet clients, professional colleagues to draft, edit, and finalize documents.
- Cloud Computing – Increases access to practices from a remote location and mobile devices, allowing clients to access lawyers by making a few clicks.
3. Retaining Talent
The challenge for every new lawyer is to differentiate themselves from others in the market. As the competition is getting intense, new lawyers have to develop business skills, language, technological skills, and other traits that help them win over their peers. The change has to begin with school education, meaning educators have to train lawyers for real-life challenges and entrepreneurial skills.
Are you wondering how? Transitional training programs can be the best way to retain new talent. It includes testing and post-admission apprenticeship. It helps students attain more core competencies, essential for practicing law. Similarly, the mentorship programs bridge the gap between analytical and practical knowledge.
4. Unauthorized Practice of Law
It is the most common concern in the legal world today. Documents and policies are altered for the sake of protecting the image of high-profile clients. Likewise, many law service providers with unauthorized degrees provide legal advice at rates equal to nothing. It is threatening for the lawyers who worked hard to make their way to this position.
The State Bar is trying to combat these issues by setting a minimum wage rate to avoid exploitation. Besides, lawyers have to differentiate themselves by their certifications, degrees, and experience from unauthorized lawyers. The option of third-party intervention can also make a difference in combating these practices.
5. Economic Pressure on the Practice
How will lawyers practice in the future? Over time, the role of lawyers has evolved due to societal changes, economic downturns, etc. Nowadays, legal professionals face unprecedented economic pressures from accountants, realtors, financial agents, and others. Clients are also setting parameters of the legal representative by asking themselves whether legal services are worth it?
Although lawyers have the training to look backward since they have to dig into the historical facts, but the current challenges demand a different strategy. Lawyers have to hunt for opportunities and explore new substantive areas. For instance, you can offer a niche to clients for introducing renewing energy. Similarly, companies are looking for in-house legal teams, allowing lawyers to step in the organizational world.
The world is moving at a fast-pace, and to become an efficient lawyer, one needs more than a law school degree. Legal professionals should learn to create a healthy balance between practicing law and learning new things. As the world progresses further, lawyers will encounter more challenges, and only a healthy mindset with willingness to learn will let them combat these challenges.