Here’s a headline to get your heartrate going: ‘112,000 jobs could be lost to robots by 2030’.
So said the BBC of a think tank report published earlier this week (Monday 29th January 2018) which outlined the threat of automation and artificial intelligence to workers in industries like retail, customer service, and manufacturing. In the near future, some roles could be made redundant thanks to super-efficient robots. From an employee’s point of view: so far, so scary.
And it’s not just jobs in the aforementioned industries that are under threat. Professions previously considered untouchable – yes, even the highly qualified legal sector –– is beginning to feel the heat.
Companies specialising in the relatively new phenomenon of ‘legal tech’ are already using advanced technology to offer a range of legal services. Normally, services such as conveyancing – sorting the legal documents needed to purchase property – are offered exclusively by solicitors. It can be a tedious, expensive, and slow process, but ‘til now, homebuyers have been fish in a barrel.
At Innovation Point, we’ve been working with Properr, a tech company simplifying the conveyancing process. Their cloud based app works to cut out the middle man when buying a property, keeping all the documents in one place and everyone involved up to date. Properr has provided the consumer with a more desirable alternative to the traditional process, and lawyers are starting to get twitchy.
This is the perfect example of an industry which needs to adapt to new technologies, rather than reject them.
If you’re operating in the legal sector, you can lead by example. Show how other industries can embrace the benefits of developing technologies, not fear them. Your survival will depend on it.
Later, I’m chairing a discussion, ‘Legal Tech in Practice’, at the Legal Tech Wales conference in Swansea, joined by experts from the likes of Seedlegals, Properr, Prizsm, Hoowla, CHERISH, and Swansea University.