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Tomorrow’s world

31 January 2014 / Alison Wright
Issue: 7592 / Categories: Legal News , Training & education , Profession
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Alison Wright highlights the importance of equipping today’s lawyers for tomorrow’s legal & insurance scene

Commercial understanding and being able to speak financial language with clients are essential skills for the lawyers of today and tomorrow seeking to provide the best service. Looking to the future, insurance lawyers will be required to get involved with claims handling and policy drafting even earlier than before. The globalisation of legal services means that while legal knowledge underpins everything, we are also required to become commercial advisers. Legal education and training must evolve to meet these changing demands, with professional development training becoming flexible enough to adapt more frequently to ensure lawyers are not just up with the game but ahead of it.

An example of change

One of the major types of insurance in the world is motor; previously insurance was a small economy, motor has changed that completely. Today, we see increasing motor “cross border” claims whether it is British claimants in foreign countries or foreign drivers involved in accidents in the UK. Professional development

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MOVERS & SHAKERS

Hugh James—Phil Edwards

Hugh James—Phil Edwards

Serious injury teambolstered by high-profile partner hire

Freeths—Melanie Stancliffe

Freeths—Melanie Stancliffe

Firm strengthens employment team with partner hire

DAC Beachcroft—Tim Barr

DAC Beachcroft—Tim Barr

Lawyers’ liability practice strengthened with partner appointment in London

NEWS
Ceri Morgan, knowledge counsel at Herbert Smith Freehills Kramer LLP, analyses the Supreme Court’s landmark decision in Johnson v FirstRand Bank Ltd, which reshapes the law of fiduciary relationships and common law bribery
The boundaries of media access in family law are scrutinised by Nicholas Dobson in NLJ this week
Reflecting on personal experience, Professor Graham Zellick KC, Senior Master of the Bench and former Reader of the Middle Temple, questions the unchecked power of parliamentary privilege
Geoff Dover, managing director at Heirloom Fair Legal, sets out a blueprint for ethical litigation funding in the wake of high-profile law firm collapses
James Grice, head of innovation and AI at Lawfront, explores how artificial intelligence is transforming the legal sector
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