Lexpert Magazine

Jul/Aug 2016

Lexpert magazine features articles and columns on developments in legal practice management, deals and lawsuits of interest in Canada, the law and business issues of interest to legal professionals and businesses that purchase legal services.

Issue link: https://digital.carswellmedia.com/i/707166

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50 LEXPERT MAGAZINE | JULY/AUGUST 2016 District, a not-for-profit enterprise whose goal is to commercialize publicly funded and other innovation with the help of local private enterprises. e upshot is that young lawyers must be open to opportunities in the changed mar- ketplace for legal services. "ere are tons of new opportunities in the legal market," says Shelby Austin, a lawyer with private practice experience who founded ATD Legal Services PC in Toronto, an ediscovery outsourcing service that she sold to Deloitte in 2014. Austin is now the Innovation and Growth Leader for Deloitte's Financial Advisory Practice and leads its Legal Project Solutions Offer- ing, which focuses on managing large-scale legal projects, including document review and due-diligence projects on litigation and competition matters and corporate "And there are many places where those who don't have the skills can learn the basics they need fairly quickly," he says. Complementary skills can also lead to opportunities within traditional law firms that depart from the traditional career routes. Jobs in knowledge, project and data management, for example, are but a few of the new careers that are springing up at a growing number of law firms. It's not that anyone is suggesting that in- terested young lawyers shy away from trad- itional paths. It's just that the opportunities along this road have diminished. "If you're lucky enough to work at the traditional firms, you have a gi that shouldn't be taken lightly," Austin says. "But if you can't make your way there, get- ting into any of these new fields may be the best thing you ever did." transactions. "For example, there's a whole industry growing up around legal tech, there are jobs at legal outsourcing provid- ers, and there are jobs at ediscovery firms." Indeed, growth in legal startups is as- tonishing. In 2014, AngelList, a popular fundraising site, identified 412 companies as legal startups. Two years later, the num- ber had almost tripled to more than 1,100. Robert Ambrogi, an American legal technology and social media blogger, says the explosion has occurred because the legal market is large, ripe for innovation and has a low cost of entry. "Virtually any- body with a good idea can launch a prod- uct," he told media recently. Solomon recommends that law grads who have experience in a complementary field, like computer technology, take ad- vantage of their skills. PHOTO: SHUTTERSTOCK DISRUPTION "… there's a whole industry growing up around legal tech. There are jobs at legal outsourcing providers, and there are jobs at ediscovery firms." – SHELBY AUSTIN, DELOITTE

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