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<blockquote data-quote="Jessica Booker" data-source="post: 114177" data-attributes="member: 2672">1) New law is generally a term to describe roles within law firms that are not solicitors but that are fundamental to providing client services. So it can be anything from strategy roles, tech roles etc. Consider it as a consulting role within a law firm.2) It will be a mixture of the ways you have described. Some are developing the technology in-house, some are licencing it from suppliers, others are creating JVs with tech companies/start-ups. Given the range of technologies available and how they could be applied, you could work with one firm and find they have their own tech team, numerous suppliers they buy products/services from, and have either created JVs/invested in tech companies/start-ups to help future proof their business.3) There is still admin to do even if some of it is automated. There will still be some manual processes even if its just to ensure the technology has done something correctly. So, rather than getting a trainee to do the work, you pay someone who just specialises in delivering the admin and pay them 50% less. So rather than a trainee taking an hour to do something because they don't do it all the time and it costing a client £250, you get an admin person to do it in 20 minutes and it only costs the client £50. You then also get to charge the trainee out for £250 on something else.</blockquote>

[QUOTE="Jessica Booker, post: 114177, member: 2672"] 1) New law is generally a term to describe roles within law firms that are not solicitors but that are fundamental to providing client services. So it can be anything from strategy roles, tech roles etc. Consider it as a consulting role within a law firm. 2) It will be a mixture of the ways you have described. Some are developing the technology in-house, some are licencing it from suppliers, others are creating JVs with tech companies/start-ups. Given the range of technologies available and how they could be applied, you could work with one firm and find they have their own tech team, numerous suppliers they buy products/services from, and have either created JVs/invested in tech companies/start-ups to help future proof their business. 3) There is still admin to do even if some of it is automated. There will still be some manual processes even if its just to ensure the technology has done something correctly. So, rather than getting a trainee to do the work, you pay someone who just specialises in delivering the admin and pay them 50% less. So rather than a trainee taking an hour to do something because they don't do it all the time and it costing a client £250, you get an admin person to do it in 20 minutes and it only costs the client £50. You then also get to charge the trainee out for £250 on something else. [/QUOTE]

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