Thomson Reuters organized an event on September 15, 2021, to discuss the evolving nature of work in today’s market and how technology adoption is aiding law firms and legal professionals in adapting to these changes. The event also introduced HighQ, the company’s latest legal solution.
The Vice President of Legal LatAm from Thomson Reuters, José Dominguez, led the event, which was also joined by Ronaldo Lemes, Patricia Peck, Letícia Málaga, Alexandre Zavaglia, and Wallace Cintra.
Innovations and fresh approaches in the legal industry
We are experiencing fast and significant changes, with the likelihood of an even faster pace in the future. The novelty lies in the specific transformations summarized in four key pillars.
The four foundations of digital transformation
The legal field is being influenced by the capacity to automate tasks and develop systems that offer data to help lawyers make better decisions. Machine learning and deep learning are revolutionizing the labor force.
Cloud computing promotes collaboration by focusing all work on the cloud, rendering traditional large law offices outdated. This technology has transformed the way teams utilize devices and collaborate.
We are now able to control machines from a distance and communicate with them, leading to numerous opportunities as well as new legal challenges requiring modernized lawyers.
Big Data is highly valuable in today’s decision-making economy and serves as a key asset for law firms due to its ability to provide valuable insights.
Law is transformed by the economy of knowledge.
Globonews lawyer and commentator Ronaldo Lemos was a notable presence at the event, discussing the impact of the knowledge economy on both Law and public services, and highlighting the role of technology in transforming various social aspects and presenting challenges in decision-making.
Ronaldo compared the evolution of technology from computer networks to networks of people connected through the internet, highlighting the importance of connecting individuals and the increasing market value of collaboration.
We are now venturing into the realm of the Internet of Things, where all things are interconnected online, including the legal system. The next phase involves connecting the Internet of Services with Artificial Intelligence (AI) for completely online and automated service options. Are you prepared for this transition?
Uruguay and Chile’s groundbreaking achievements
Ronaldo highlighted the advancements in AI within the Brazilian Judiciary system and emphasized the need for Brazil to enhance its services, as demonstrated by the quicker company registration processes in Chile and Uruguay. He emphasized the necessity for governments to adapt to a digital society in order to effectively govern.
Estonia and its GovTech are leading the way in innovation.
The Estonian government describes itself as having constructed a digital society, with all public services available on a single online platform. Only two types of contracts still require in-person interactions at this time.
- Buying and selling real estate.
- Marriage ceremony.
Anyone in the world has the opportunity to become a digital citizen of Estonia, allowing them to be connected to the country in a digital way.
We can learn four lessons from all of this.
- Learn how to learn.
- Develop new abilities through hands-on practice.
- Establish connections.
- Utilize technology to efficiently create value for new products and services.
HighQ is the tool for agile innovation.
The audience of the event highlighted innovation and agility as the defining terms for the Technological Transformation in Law, along with concepts like security, automation, collaboration, and culture.
Wallace Cintra demonstrated how the new Thomson Reuters tool, HighQ, aligns with these principles to offer legal professionals a more streamlined workflow. HighQ seamlessly integrates with existing legal systems, providing advanced global technology that can be smoothly incorporated into daily operations without disrupting established practices.
The solution provides exclusive autonomy by allowing you to create personalized and secure platforms for each customer without requiring a dedicated developer. This enables real-time monitoring of processes for improved responsiveness and collaboration.
We provide visual customization in a highly secure environment, with a dedicated instance exclusively for you, ensuring the highest level of security on our platform.
Various elements lead to cost savings and improved productivity within your office or legal department, enabling your team to become more efficient in their daily tasks. This, in turn, allows them to focus more on strategic matters and client relationships, ultimately adding value. For further information on the solution, request a demonstration via the provided link.
Integration and Safety
Patricia Peck and Leticia Malaga, CEO and partner of Peck Advogados, discussed their experience using technological solutions in law. Patricia emphasized the importance of adopting Thomson Reuters for its robust, cutting-edge, and secure platform that allows for flexibility and agility in providing accurate customer solutions. HighQ technology enables them to deliver fast and tailored information, highlighting the need for intelligent data over simple facts in their work presentations.
They mentioned utilizing a project management approach and highlighted that HighQ enables the visualization of all client projects, considering lawyers handle various projects with different requirements and budgets. The platform ensures secure access to comprehensively mapped data, enhancing the office’s value proposition. Leticia emphasized the increasing demand for innovative legal services and the importance of data agility, integration, and knowledge management for customer delivery.
Interested in learning more about how HighQ can transform your legal practice? Request a demo today.