Digital transformation is evident in the legal market, leading to six upcoming trends in law firms.
Technology, including information security, is incorporated into lawyers’ daily practices.
Cybersecurity, or computer security, aims to protect information integrity by safeguarding systems from theft or damage to hardware, software, or electronic data. This has led to the development of a new legal field focused on upholding cybersecurity rights and safety.
Cryptocurrencies, known as digital currencies, are a type of digital asset that utilizes blockchain and encryption technology to secure and validate transactions. It is an emerging field that lawyers should explore and keep up with, particularly those interested in new and promising areas of expertise.
Compliance is becoming increasingly important, with lawyers playing a crucial role in verifying adherence to legal regulations and standards to uphold organizational integrity.
The General Data Protection Law (LGPD) oversees the handling of personal data and guarantees security in online settings to safeguard user privacy.
The professional’s responsibility is to guarantee the proper application of legislation in tax clearance procedures and tax payment. Tax Law is a rapidly expanding sector in the country because of the significant demand. Brazilian companies currently spend 1,501 hours per year adhering to an average of 52 regulatory standards per working day imposed by tax authorities.
Legal experts play a crucial role in overseeing property rights and transactions. Real Estate Law is becoming increasingly significant, with a 16% increase in real estate sales reported last year. Companies in the sector raised around R$4.4 billion through stock offerings on the Stock Exchange.
The changes emphasize different areas of operation and demand experts to address the new procedures, particularly those related to industry trends.
Professionals, from students to those in the workforce, must stay current with technological advancements.
Ricardo Chamon, the founder of CSA Chamon Santana Advogados, believes that having a wide range of knowledge in digital matters will set lawyers apart in their careers. He emphasizes the need for educational institutions to update their curriculum and teaching methods to ensure younger professionals are prepared to meet the challenges of the legal field.
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The digital revolution is transforming strategic management and intelligence for legal firms and departments.
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