The legal sector is nearing an inflection point of major industry transformation and Leeds City Region is ideally positioned to capitalise on the opportunity to be leaders in this transformation, which could benefit all firms within its ecosystem, according to a new report published by Whitecap Consulting.
The report is the result of a six month project analysing the legal sector in the region, which has been supported and co-funded by a number of organisations including Leeds City Council, Leeds Law Society, University of Law, Harrogate Borough Council, Addleshaw Goddard, Blacks, DAC Beachcroft, Eversheds Sutherland, Pinsent Masons, Reed Smith, Squire Patton Boggs, Shoosmiths, Stewarts, and Walker Morris.
The project, involving 130 stakeholders, found the legal sector has changed through innovation and technological adoption over the past five years and will continue to do so over the next five years. Although innovation and technology in the legal sector is not yet as advanced as in FinTech and InsurTech, COVID-19 has accelerated its digital adoption, with the report highlighting examples of changes to working practices in law firms, the courts and internal legal team. Moving forward, the report says there is an opportunity to form stronger links between the legal and tech sectors in the Leeds City Region, to unlock the opportunities legal tech and innovation can offer.
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