Students, lecturers and Law and Business professionals attended the event. There also was a panel discussion on 'the legal practice of today' joined by Pedro Rodero, Managing Partner at ONTIER Spain, Luis Redonet, Partner at everis, and Cristina Jiménez, President at FIDE and moderator at the congress.
Is there a new model to the legal industry?
Some of the challenges facing the legal industry were discussed in the event. According to Pedro Rodero, 'a dramatic change of the model is currently taking place in the legal industry with the knowledge of law as the epicentre, which now makes just a tool.' Luis Redonet also noted that lawyers have now become business enablers as well.
Regarding the increasingly growing impact of technology in the legal industry, Rodero stated that 'if technology doesn't actually replace lawyers, what I'm sure about is that those lawyers who can't cope with technologies will be replaced by those who can.' Actually he noted that technology is making it possible for young lawyers to stop carrying out certain tasks and reflecting on their learning process. Moreover, the development of a new business model based on technology and efficiency will be boosted as well. According to Luis Redonet, in this new scenario ' the big fish is no longer eaten the small fish: the fast fish is.'
New legal professionals
This change on the business dimension implies a change in the type of legal professionals that the legal industry seeks. According to Redonet, 'the most valuable skills in young lawyers are now leadership, creativity and looking into the future. Knowledge is important, but social skills and leadership when developing an idea and managing talent are more important.' Rodero then explained that 'the challenge here is promoting those skills beyond the pure legal scope because a thorough, cultural training is key as well as an overall understanding of the world and the human being, and of course, technology.'
Moreover, both Rodero and Redonet stated that they think students are missing a business and global insight on the legal industry because, according to Rodero 'although it is true that law is local and every country has its own regulations, the business world is global and it necessarily leads to an internationalisation of the legal industry. That's why keeping an approach as international as possible of the legal industry brings a lot of value.'
They both recognised how necessary it is to keep in mind these new insights and ideas brought by new professionals. According to Rodero, 'you can find a really valuable asset in university graduates: listening to their unique, diverse and new insight on the profession can be truly enriching for your company.' And as Redonet noted, listening to them brings new opportunities that we need to take because the risks posed by disregarding them are bigger than those posed by pursuing them.