Technology is changing the culture and foundation of legal services and it may be changing the jobs of future lawyers too.
The British Information Commissioner’s Office (ICO) has handed British Airways the largest fine to date (equal 1.5% of BA’s worldwide turnover) for breaching new GDPR regulation last summer when hackers stole personal data of around 500,000 customers from BA’s website.
Osborne Clarke recently launched a program, named Osborne Clarke Ventures, that informs and prepares tech start-ups for their Series A round (the first important round of venture capital financing) and will offer the start-ups virtual general counsel to ensure that the firms are constantly up-to-date on the latest developments in the process.
Eversheds Sutherland is launching a new entity called Konexo to act as a global alternative legal service provider. Konexo will serve clients in Europe and Asia, offering them financial, consulting, remediation and traditional contract legal services. It will also incorporate ES Agile, Eversheds’ flexible lawyering entity.