We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Wolters Kluwers NV | EU:WKL | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.25 | 0.86% | 147.25 | 147.20 | 147.25 | 147.40 | 145.95 | 146.30 | 71,931 | 12:16:10 |
New Future Ready Lawyer Survey Finds Increasing Pressures on Legal Professionalsas Pace of Change, Compliance Complexity and Talent Challenges Climb
More than ever, lawyers turn to legal tech for help
September 14, 2022 – The increasing complexity of compliance, new client expectations, talent challenges and productivity demands are pressuring legal professionals as never before, according to the findings of Wolters Kluwer’s new global Future Ready Lawyer Survey 2022. The survey also finds that more progress is needed as most legal professionals say they are not well-prepared to address key challenges and opportunities.
Challenged to keep up with emerging trends and escalating demands, legal professionals are increasingly turning to legal technology for help. Across Europe and the U.S., the investment and demand for legal tech solutions have accelerated, with technology now firmly at the center of improved performance, productivity, client-firm relations and talent expectations. According to survey findings:
“Lawyers already work in a high-pressure environment, and the Future Ready Lawyer Survey 2022 found that demands are growing as trends impacting the legal profession continue to accelerate,” said Martin O’Malley, Wolters Kluwer Legal & Regulatory CEO. “The pressure further intensifies as only about one-third of lawyers say that they are very prepared to address these trends. As legal professionals look to bolster their capabilities, the survey found that – more than ever – organizations are turning to technology as a lever to improve performance.”
The Wolters Kluwer Future Ready Lawyer Survey 2022 includes insights from 751 legal professionals across the U.S. and 10 European countries. In its fourth consecutive year, the survey offers a timely perspective with benchmark data pre- and post-COVID crisis on trends, capabilities and changes in the profession and examines how well-prepared organizations are to drive higher performance.
Key Survey Findings
Top trendsThe top trends expected to have the most impact across the legal sector over the next three years are:
Just 36% or fewer lawyers say their organization is very prepared to keep pace with any of these trends.
New and growing areas in law are another big trend impacting lawyers:
Also, clearly established in 2022 is the trend on changes in how legal work gets done, and who is doing it, with each area showing increases over prior years:
The 2022 findings also build on prior years’ survey results relating to performance trends, which show that across a wide range of areas legal organizations that fully leverage technology outperform organizations that do not.
Talent troubles aheadLegal organizations felt the impact of the “great resignation” over the past year, and based on survey findings, more talent challenges are coming:
Organizations are not well-prepared to handle the talent churn. Only:
Technology is crucial to talent:
Client-firm relationships improveTechnology capabilities are at the center of clients’ evaluation of both existing and future firm relationships:
Overall, client-firm relationships have improved, yet firms are at higher risk of being fired:
The full survey report, which includes further findings across law firms, corporate legal departments, technology, talent and trends, as well as special sections on the impact of ESG and insights from legal industry luminaries can be downloaded at Wolters Kluwer Future Ready Lawyer 2022.
About the 2022 Wolters Kluwer Future Ready Lawyer SurveyThe Future Ready Lawyer Survey 2022 from Wolters Kluwer Legal & Regulatory included quantitative interviews with 751 lawyers in law firms, legal departments and business services firms across the U.S. and 10 European countries – the United Kingdom, Germany, The Netherlands, Italy, France, Spain, Poland, Belgium, Sweden and Hungary – to examine how client expectations, technology and other factors are affecting the future of law across core areas and how legal organizations are prepared to address them. The survey was conducted online for Wolters Kluwer by a leading international research organization from May 16 to June 3, 2022.
About Wolters KluwerWolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.
MEDIA CONTACT: Leslie Bonacum, Wolters Kluwer Legal & Regulatory Communication+1 847 877 7641leslie.bonacum@wolterskluwer.com
Attachment
1 Year Wolters Kluwers NV Chart |
1 Month Wolters Kluwers NV Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions