When it comes to knowledge management in law firms, you can’t be more on the money than Lew Platt’s infamous statement: “if only HP knew what HP knows, we would be three times more productive.” Although speaking of his own firm’s challenges, the former Hewlett-Packard CEO’s 2013 quote has taken on a mantra status, as year on year, the challenge of managing a company’s collective knowledge has become more complex; with firms battling against ever-increasing amounts of data, the rise of alternative legal service providers and the rapid digital transformation of the sector.
One year on from the opening of our New York office, things are looking quite different at our rooftop HQ on Fifth Avenue. Managing Director, Emil Dyrvig, has been there from the very start. From scouting out our office space, filling it with a team of exceptional talent and helping shape this next chapter of our Templafy story.
2020 is set to be a big year for the global remote workforce. As more companies embrace BYOD policies, cloud migration and the cultural shift to flexible working, by this time next year, the mobile workforce is predicted to reach 1.87 billion workers.
Digital disruption and transformation has come a long way for an industry notoriously slow to embrace technology. Overcoming widespread security hangups and navigating tricky legacy system transitions, today’s law firms know they need to innovate to stay competitive and relevant in the sector.
“Brexit” means legal changes and updates! Whether the UK shifts to an EEC membership, such as Norway and Switzerland have, or a no-deal hard Brexit defaults the UK to trade under WTO rules until a new post-Brexit deal is brokered, there will be far-reaching legal implications.
What do data protection regulations mean for your organization? GDPR was just the first of many consumer data privacy laws that have, or will, come into effect in the very near future. GDPR impacted how, when, where, why, and who can use and collect the data of EU residents, and failure to correctly comply resulted in heavy fines – in some cases, as much as 4% of an enterprise’s global revenue. Nearly every large corporation has had to adjust how they deal with data involving EU residents. And GDPR is just the first of a growing trend; to be prepared, enterprises need to invest in the right compliance software and processes to handle impending changes.
Today’s average workforce is made up of four generations of workers. By this time next year, however, that number will rise to five generations - with employees across a wide age spectrum working side by side for the first time in history. Fast-forwarding to 2025 and millennials will account for 75% of the global workforce.
Speaking to CBS News earlier this year, Artificial Intelligence (AI) expert Kai Fu Lee aired a terrifying prediction for Artificial Intelligence in the workplace. In the next 15 years, Lee predicted, task-automating robots would replace 40% of jobs worldwide.
A PowerPoint template is a blueprint or design scheme made up of colors and fonts, plus content designated for a specific purpose. They provide a common blueprint for employees to create authentically branded, professional standard company documents such as sales presentations, pricing quotes, or business plans. PowerPoint has free built-in templates available, and there are a host of free templates available online. However, established companies customize their own templates to fit company branding and use the value of that identity.