Are we ready for what's next?
As society grapples with new economic volatility, a global pandemic, rising inequality, and extraordinary technological innovation – are we ready for what’s next? Recently, Lighthouse CEO Brian McManus welcomed expert economic forecaster and former CNBC chief economist and Squawk Box co-host Marci Rossell for a lively discussion centered around current global macroeconomic trends and their effect on the legal industry. Their insightful conversation touched on:
The recent inflation spike, including causes, trends, the direct impact on the legal and ediscovery industry, and what to expect in the coming months.
The macroeconomic causes for “the great resignation,” its effect on the legal and ediscovery industries, and the permanent ways in which this unprecedented movement has fundamentally changed the global workforce.
The continued expectation for more diversity, equity, and inclusion (DE&I) within organizations by clients and consumers, and the benefits the legal industry has reaped from focusing on DE&I.
The state of technology adoption globally, specifically the impact of AI technology on worldwide economies, and how this technology is changing the future of the legal and ediscovery industries.
The current state of the global regulatory landscape, including how increased regulatory activity has impacted the global economy, as well as an overview of recent M&A regulatory changes and what to expect in the coming year.
The current state of global data privacy landscape, including recent regulations and fines, as well as what to expect in 2022.
"(DE&I) matters to the next generation. As talent becomes scarcer and the balance of power shifts away from employers to employees, [the next generation of workers] is going to demand not only a flexible workforce but a diverse and inclusive environment to work in."
(DE&I) matters to the next generation. As talent becomes scarcer and the balance of power shifts away from employers to employees, [the next generation of workers] is going to demand not only a flexible workforce but a diverse and inclusive environment to work in.
"One place in our industry where I think AI will have a big impact is in document review. The industry still follows a traditional approach with large groups of lawyers reviewing massive volumes of text and that approach is just untenable."