Monday, September 2, 2019

Brian Tang on "Lawyers Must Adopt Three Mindsets to Succeed in the Technology Age" (HK Lawyer)

Hong Kong Lawyer
August 2019
Recent news reports are replete with declarations about how the new ABCD technologies (artificial intelligence (AI), blockchain, cloud and data) have and will change the services industry, from fintech for the financial services industry, to lawtech for the legal services industry.
     Lawyers are trained as expert problem-solvers to serve their clients. Yet, in the May-June 2019 issue of Harvard Business Review , Sydney Finkelstein rightly cautions: “Don’t be Blinded by Your Own Expertise”.
     Extensive past experience and success can lead to overconfidence and being blinkered when faced with new challenges arising from new technologies, competitors and business models.
     At the recent Inter-Pacific Bar Association Annual Meeting and Conference, Singapore’s Chief Justice Sundaresh Menon described technological changes giving rise in law to new products, new players and new processes.
     Like other learned professions, continuous education is a licensing requirement for all lawyers to keep up-to-date to maintain their duty of competence and professional standing.
    Yet the impact of technology extends beyond domain expertise and practice management skills ... Click here to read the full text. 

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