Megatrends | September 25, 2022 — by Michael Moe, Tim Juang, Owen Ritz, & Kit Royce
“The trend is your friend.” – Martin Zweig
“Follow the trend lines, not the headlines.” – Bill Clinton
“In order to be irreplaceable, one must always be different.” – Coco Chanel
“I don’t set the trends. I just find out what they are and exploit them.” – Dick Clark
Megatrends are powerful technological, economic, and social forces that develop from a groundswell (early adoption), move into the mainstream (mass market), and disrupt the status quo (mature market), driving change, productivity, and ultimately growth opportunities for companies, industries, and entire economies.
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The metaverse is not a vertical trend; it’s a horizontal trend that will impact sectors ranging from healthcare, education, socialization, entertainment, commerce, and more.
Top tools for learning 2022 — from toptools4learning.com by Jane Hart
Excerpt:
In fact, it has become clear that whilst 2021 was the year of experimentation – with an explosion of tools being used as people tried out new things, 2022 has been the year of consolidation – with people reverting to their trusty old favourites. In fact, many of the tools that were knocked off their perches in 2021, have now recovered their lost ground this year.
Also somewhat relevant/see:
How will the Metaverse Influence Business and Legal Processes? — from jdsupra.com
Excerpt:
While some will be hesitant to use the metaverse and adoption is difficult to predict, it is not going away and will undoubtedly affect internal processes, business dealings, case strategy, and more. Organizations should start thinking about the possibilities now to be better prepared for future challenges. Below are some predictions on how the metaverse will influence operations, strategy, and investments across different areas of the enterprise.
Lawyers & the Metaverse — from joetechnologist.com by Elizabeth Beattie and Joseph Raczynski
Excerpt:
In a new Q&A interview, Thomson Reuters’ technologist and futurist Joseph Raczynski offers his insight about the Metaverse and how it will impact the legal industry.
I have likely spoken to thousands of lawyers over the last several years. They are extraordinarily bright, but with one limiting factor — their dedication to their craft. This means that they do not have the time to lift their heads to see what is coming. All these emerging technologies will impact their practices in some way, as well as the business of law. At a minimum, lawyers need the opportunity to focus on the big four: AI, blockchain, workflow, and the grab bag of general emerging technology. There are a multitude of places to learn about these things, but I would include some of the classics such as Google Alerts, Twitter threads on these topics, and magazines like Wired, which should be a staple for everyone.
These legal issues should be on college business officers’ radars — from highereddive.com by Rick Seltzer
A panel at the National Association of College and University Business Officers’ annual meeting covered legal questions spanning many offices on campus.
Let’s not presume that virtual hearings are the best solution in family law — from canadianlawyermag.com by John Silvester
Excerpts:
Proponents argue that virtual hearings are less expensive for clients, leading to enhanced access to justice for those who cannot afford to pay for their lawyers to travel to a courthouse and then sit and wait for hearings to commence. Sounds reasonable, right?
Not so fast.
…
Virtual hearings are advantageous in some scenarios, but there are at least three reasons why moving to an almost entirely virtual legal world may prove problematic.
LawNext Podcast: CALI Executive Director John Mayer on Using Tech to Advance Legal Education and Access to Justice — from lawnext.com by Bob Ambrogi and John Mayer
Excerpt:
In this episode of LawNext, Mayer joins host Bob Ambrogi to discuss the history and mission of CALI and to share his thoughts on the use of technology to enhance legal education. They also talk about how and why A2J Author was developed and how it is used by courts and legal services organizations to help those who are without legal representation. Mayer also shares his thoughts on the future of innovation in law and on the future of CALI.
Louisiana Approves Virtual Custody Services and Proposes Virtual Currency Business Licensing Rules — from natlawreview.com by Moorari Shah and A.J. S. Dhaliwal
Excerpt:
Recently, the Louisiana lawmakers and regulators have taken steps to legalize operations in the state involving virtual currencies. On June 15, the Louisiana governor signed a bill that, effective August 1, 2022, will allow financial institutions and trust companies to provide virtual currency custody services to their customers as long as they satisfy certain requirements on risk-management and compliance. On June 20, the Louisiana Office of Financial Institutions (OFI) published proposed rules on licensing and regulation of virtual currency businesses in the state pursuant to the Louisiana Virtual Currency Business Act, which went into effect on August 1, 2020.
Why Infosys’s cofounder Nilekani is urging leaders to use tech for good — from mckinsey.com by Gautam Kumra
The cofounder of the multinational IT company believes Indian start-ups will soon develop technologies to transform education, healthcare, and other social challenges.
Excerpts:
McKinsey: The world has also become a more complex place, with recent geopolitics, inflation complexity, rocketing energy prices, excessive liquidity, and digitization challenges. How do you personally keep adapting and learning?
Nandan Nilekani: In the last 40 years, I think we have gone through every transition: mainframes to minicomputers to LANs [local area networks] to internet to smartphones to AI. It has been fun understanding and riding these waves.
In my view, if a billion people can use something, then that’s a benefit. A billion people can learn using technology. A billion people can get better healthcare using technology. A billion people can move around and change jobs using technology.
From DSC:
I hope I can meet Nandan Nilekani someday. I feel that he is a kindred spirit. Several things that he said really resonated with me.
If I were you I’d be following what @LXStudio_Legal is up to. Knowing the smart folks involved, the initiatives to come are likely to be exciting and much needed for the legal ecosystem. #legaltech #business
— Colin S. Levy (@Clevy_Law) July 16, 2022
Also relevant/see:
What is Norton Rose Fulbright’s LX Studio? — from artificiallawyer.com
Excerpts:
‘From tiny acorns, mighty oak trees grow’ so the saying goes, and it’s fair to say that US-based LX Studio, the new innovation project of global firm Norton Rose Fulbright (NRF), is very much still an acorn – but it has plenty of potential.
Artificial Lawyer spoke to Jeff Cody, Managing Partner for the US side of 3,700-lawyer NRF, which was formed by the merger of the UK’s Norton Rose and America’s Fulbright & Jaworski in 2013, to find out some more.
But, with a more optimistic outlook one might say that this is a beginning; and that although the US is home to many pioneering legal tech companies and ALSPs, the reality is that few law firms in the US have dedicated innovation groups which mirror the full range of what NRF has in the UK, for example.
The Cardboard Sculptures of Artist Warren King Are an Homage to His Chinese Heritage — from thisiscolossal.com by
Spectacular Sunset in Tierra del Fuego
?: fstewartphotography | IG
?Patagonia, #Argentina pic.twitter.com/YmlHDMGerp— Lewerta (@Lewerta5) May 31, 2022
Photos Of The Day For June 2022 — from outdoorphotographer.com
Photos of the day for May 2022— from outdoorphotographer.com
Artist Spotlight: Jarid del Deo — from booooooom.com
Addendums on 7/14/22:
Vivid Contours Conjure Hope and Resilience in Yulia Brodskaya’s Quilled Paper Compositions — from thisiscolossal.com
3D Relief Painting — from theawesomer.com
The Restaurant of Mistaken Orders: A Tokyo Restaurant Where All the Servers Are People Living with Dementia — from openculture.com
Whole towns have already begun to structure their services around a growing number of citizens with dementia. But dementia itself remains “widely misunderstood,” says Restaurant of Mistaken Orders producer Shiro Oguni in the “concept movie” at the top of the post. “People believe you can’t do anything for yourself, and the condition will often mean isolation from society. We want to change society to become more easy-going so, dementia or no dementia, we can live together in harmony.”
Also see:
How Technology Can Improve Elder Care — from digitalsalutem.com by João Bocas
In this article, I talk about:
The world is changing. The way we live, the way we work, and the way we age are all being transformed by technology. In fact, some experts say that by 2030, more than half of the world’s population will be over 50 years old.
This is a new phenomenon for humanity. With this shift comes a need for new approaches to healthcare that are better suited to an aging population with increasingly complex needs.
