Modern Law Magazine is an exclusive source of news and information for professionals working in the lawful industry. Published monthly, the 88 magazine delivers readers with up-to-date reporting on important legal issues, legislation, court cases, and law firm operations.
Through in-depth segments, interviews, and commentary from top lawyers, law professors, and judges, Modern Law Magazine aspires to help legal practitioners stay aware of the latest consequences impacting their work. Whether it’s analyses of occurring areas of law, profiles of creative legal leaders, or coverage of new technologies being embraced in the courtroom.
Our goal is to provide high-quality, thought-provoking journalism that attorneys, law firms, and others in the field can count on. From small private practices to the largest international law corporations, Modern Law Magazine strives to be an essential resource for all elements of the law initiative in the modern digital era.
History
Modern Law Magazine has established itself as the premier authority for legal industry news since its founding in 2005. Formed by former practicing attorneys who recognized the need for publications especially reporting on business issues within the legal field. The magazine has equipped law professionals with insightful coverage over the past 17 years.
What is Modern Law?
Modern Law Magazine is an authorized trade publication that has been doing the law industry for over 15 years. The monthly magazine delivers lawyers, law firms, and legal professionals with in-depth reporting and analysis on the evolving landscape of the law.
It protects important topics such as new legislation, emerging practice areas, profiles of top attorneys, legal technology advancements, and economic directions affecting the business of law. Whether readers work at small firms or large multi-law practices, Modern Law aims to deliver timely, thought-provoking content that enables professionals to understand urgent issues shaping the modern legal sector.
Big Law Trends
The economic retrieval seems to be fueling more unions and acquisitions training in the legal industry, with several major deals announced in recent months. Additionally, several large law companies have announced raising associate salary rankings substantially to match the increasing competition for top legal skills. There is also a growing emphasis on leveraging technology and invention in business processes to optimize efficiency and client service across many large-scale law enterprise operations.
Legal Technology Advances
Legal technology continues to rapidly advance, with new AI and machine learning tools achieving adoption to enhance document review, research, and other duties common in legal work. These new technologies boost associate productivity and allow attorneys to focus on higher-level work. Blockchain use cases are expanding beyond economic services into other areas commonly dealt with by law firms, such as smart contracts and general records.
Regulatory and Compliance Updates
- Proposed changes to data privacy laws like CCPA and GDPR facing opposition from tech lobby groups.
- EU removes draft rules on artificial intellect and calls for a ban on the use of AI for mass management and social scoring systems.
- New rules proposed by the SEC around disclosure of cybersecurity risks and data breaches by public companies.
- Banking controllers issue advice on the use of AI and machine learning means for fraud detection and digital lending.
- Data localization and data authority laws gaining traction globally to regulate cross-border data flows.
- Proposed federal privacy law in the US faces debate around preempting stricter state privacy laws.
- Developing a framework around the explainability and accountability of autonomous systems for regulators and supervision bodies.
Diversity, Equity and Inclusion Developments
As diversity, equity and inclusion efforts continue growing in importance across organizations, many technology companies have announced new initiatives and policies in this area over the past quarter. Several major Silicon Valley firms released the diversity stats of their workforce and leadership for the first time, highlighting an ongoing lack of representation.
FAQ’s
What legal technology advancements are helping boost lawyer productivity?
AI tools for document review and research are freeing up time for higher-level work.
How are firms adapting to growing client demands around diversity?
Many are setting representation goals and adding new supplier diversity programs.
Conclusion
The law industry continues to rapidly evolve through technological innovation and changing client demands. Firms are striving to modernize operations, better serve a diverse clientele, and prepare associates for the future of legal work. With regulatory pressures also on the rise around data privacy and AI accountability, staying informed on compliance updates is more crucial than ever. Modern Law Magazine remains dedicated to keeping readers informed on all of these important industry shifts and transformations.
