Future of Legal Management for Businesses Virtual Summit (2nd Edition) 2023 | Group Futurista | 26 July 2023 | Virtual

As the business landscape continues to evolve, the management of legal matters will become increasingly important. So what does the future hold for businesses when it comes to legal management? First and foremost, businesses will need to prioritize legal compliance and invest in measures to manage legal risks. According to a survey, 61% of companies expect legal risks to increase in the next three years. This includes risks related to data privacy, cybersecurity, and intellectual property. Therefore, businesses that take legal management seriously will not only avoid costly legal disputes but also have a competitive advantage. In addition, machine learning can be used to analyze legal documents and identify potential risks, allowing businesses to proactively manage legal issues.

In conclusion, the future of legal management for businesses will require a proactive approach toward managing legal risks and investing in technology and alternative legal service providers.