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A GROUP of Brisbane general counsel has come together to discuss how to improve the effectiveness of in-house legal teams.
The first official Brisbane General Counsel Thought Leaders’ Meeting was hosted by Anthony Wright and Andrew Mellett, directors from legal services firm Plexus.
“While the economy emerges from half a decade of malaise, 92 per cent of general counsel’s forecast that workload will increase, whilst only 16 per cent forecast budget expansion and 75 per cent say law firms have continued to increase hourly rates since the downturn,” he says.
The meeting focused on two proven tactics of improving effectiveness and one future concept – artificial intelligence and the law.
The group discussed the issue of lawyer training and the focus on precedent as a potential block of productivity and efficiency improvement.
Wright says automation through artificial intelligence could affect 30-40 per cent of legal work.
Head of legal from QIC Leigh Cooper applauded the concept.
“The recent session gave me a break from ‘business as usual’ and allowed me to consider strategic issues that were long-overdue for review.”
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