Legal industry is on the cusp of a disruptive change. This transformation is being fuelled by the advent of technology, changing market dynamics, and evolving customer expectations. The market is witnessing an influx of non-traditional players offering innovative legal services, creating a competitive landscape.

Artificial Intelligence (AI) and blockchain are becoming game-changers, with AI predicted to replace 40% of jobs in the legal sector within the next 15-20 years. Blockchain, on the other hand, is expected to revolutionise contract law through smart contracts.

Customers are demanding more value for their money, pushing law firms to adopt new business models. Fixed-fee arrangements are gaining popularity, replacing traditional hourly billing. This shift is encouraging firms to become more efficient and cost-effective.

The legal education system is also evolving to keep pace with these changes. New courses are being introduced to equip future lawyers with necessary skills, such as understanding AI and blockchain, to navigate the changing landscape.

These developments indicate a future where technology, efficiency, and customer-centricity will define the legal industry.

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