What is the cost of not anticipating change?

Risk has been building up within our systems as the pace of change itself has become inescapably disruptive... 

Inside Practice LLC recently announced another first, the inaugural Legal Foresight Summit - here is a brief overview.

Just think, if we knew in 2023 what we will certainly know by 2026 (only three foreseeable years into the future), how would we change our attitudes and actions with respect to how we practice law, the services we offer, the clients we target, and the ways in which we might choose to deliver our services? 

There is no proprietary data about the future. Whatever you need to know about tomorrow is to some extent, already visible. However, law firms are not good at seeing around corners or disseminating how today’s trends may impact their future. Given the blinding speed of change in the current environment, law firm leaders must focus more attention on the external and strategic. 

What is the cost of not anticipating change at all?  

Significant and far-reaching implications stemming from the pandemic, geopolitical conflict, and social unrest – compounded by near-constant climate disruption and chaos – are accelerating the need for an earnest commitment to more sophisticated risk assessment and scenario planning within law firms.  

Business leaders and owners must commit to gaining a deeper understanding around how today’s disruptions and dislocations impact their clients’ businesses and the markets they serve, enabling firms to better prepare for competitive threats, new practice opportunities, and other probable futures that will directly impact the firm’s business. 

The Legal Foresight Summit will bring together a cross-function of law firm leaders, the clients they serve, and some of today's leading Foresight subject matter experts. Together we will explore our capability to adapt to an altered risk management landscape characterized by abrupt change – while illuminating the utility and application of strategic foresight into our broader operational risk management efforts. 

Topics for discussion:

• Law Firm Future-Readiness: Navigating in an Era of Converging Crises
• What is Foresight and How is it Used Strategically within Organizations? 
• Thinking Ahead of the Curve: Cultivating a Foresight Mentality 
• Becoming A Visionary Law Firm: Developing Executive Committee/Board Foresight
• Operating at the Speed of Change: Strategy at the Intersection of Tech & Talent
• New Opportunities & Emerging Technologies such as Blockchain, NFTs and web3 and their Impact on the Legal Profession
• Becoming Indispensable Strategic Partners: The Convergence of Legal Risk Management and Business Strategy Consulting 
• Demographic Trends that Should Inform Your Human Capital Strategy  
• What Does it Mean to be ESG-Aligned And How Does this Framework Inform Risk Mitigation Strategy?  
• Building Human Capital Systems to Address Emerging Domain Challenges – and Making them Sticky within Your Firm 
• The Opportunity of a Lifetime: Aligning Your Firm's Business with the Transition Plans of Your Clients 

For law firms and their clients, this is the strategic dilemma of our time – the pursuit of operational resilience and business agility – parsing out risk and opportunity amidst constant disruption, systemic shock, and abrupt change. 

The most successful law firms 10 years from now will most certainly emerge from the choices made by law firm leaders today. Hence, long-term vision, innovation, and strategic adaptation have never been more important. 

Join your peers as we collectively explore new ways of critically thinking about risk and opportunity for the firm and its clients – delineating between factors that we can and cannot control while expanding the picture with respect to what we can provide for our clients in an increasingly complex and competitive legal landscape. 

The Legal Foresight Summit takes place online on March 29th & 30th, 2023.

More Information: www.legalforesightsummit.com