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Aurora Austriaco Valentine Austriaco & bueschel, p.c. chicago , il aaustriaco@vablawfirm

Aurora Austriaco Valentine Austriaco & bueschel, p.c. chicago , il aaustriaco@vablawfirm.com. @Aurora99258135. WCBL CONFERENCE -WARSAW. Innovation, Disruption And The Practice of Law. Wcbl conference- warsaw. Practice of Law today Old Profession –slow to adopt to change

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Aurora Austriaco Valentine Austriaco & bueschel, p.c. chicago , il aaustriaco@vablawfirm

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  1. Aurora AustriacoValentine Austriaco & bueschel, p.c.chicago, ilaaustriaco@vablawfirm.com @Aurora99258135

  2. WCBL CONFERENCE -WARSAW • Innovation, Disruption And The Practice of Law

  3. Wcbl conference-warsaw • Practice of Law today • Old Profession –slow to adopt to change • Demographic Change-large percentage are retiring, shortage of rural lawyers, younger lawyers • Multigenerational workforce • Globalization

  4. wcbL conference- warsaw • Billable hours model- time for money • New practice areas are developing • Big access to justice problem • Pro se litigants increasing • Bar membership is decreasing

  5. WCbl conference-warsaw • What should lawyers do to survive in tough economic conditions and an ailing economy? • How can lawyers efficiently serve their clients without compromising the quality of representation? • How can lawyers compete in this age of AI, innovation and technological brain power? • Are the rules governing lawyers restricting them to adapt to these changes?

  6. Wcbl conference- warsaw • EMERGING TRENDS IN THE LEGAL INDUSTRY • Electronic Discovery- federal rules are amended so that ESI are discoverable in litigation. New roles in litigation support, e-discovery and trial technology • Globalization-practice across borders and collaboration with foreign counsel • Virtual Law Firms-social mobility of lawyers through mobile devices and web- based technology • Social Networking-social media tools are used to hire and be hired, networking, locate and discredit witnesses

  7. Wcbl conference- warsaw • LPO- Legal Process Outsourcing is being used to minimize costs and increase in-house capabilities • Alternative Legal Service Delivery Models- options enable bringing affordable legal services to the disadvantaged (i.e. Rentervention, Uplift) • Alternative Billing Models- hourly vs. blended rate, flat fees, capped fees • Access to Justice-reasonable rates

  8. WCBL Conference- warsaw • Entry of Big Four Into the Practice of Law- Is an invasion looming? • Rule Changes- Model Rule 5.4 (a)-The rule provides that, with limited exceptions, “[a] lawyer or law firm shall not share legal fees with a nonlawyer.” • Rule Change- Model Rule 7.2 has been revised to allow lawyers to simply post “contact information” such as a website or email address instead of an “office address” on marketing materials.

  9. WCBL conference- warsaw • Innovation, Technology and AI are here to stay and as lawyers, we need to be competent in their use to benefit and more effectively and efficiently represent our clients

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