changing business models

How technology and law changes for career development [Ghadawala]

On 01/24/2020, in 21st century, 24x7x365 access, algorithms, analytics, Artificial Intelligence / Machine Learning / Deep Learning, career development, change, changing business models, cloud-based computing / apps / other cloud-related, corporate / business world, Cost of legal services - including access, emerging technologies, innovation, intelligent systems, Law Schools, legal technologies, legislatures / government / legal, by Daniel Christian

How technology and law changes for career development — from lawtechnologytoday.org by Manan Ghadawala

Excerpt:

But things have been changing in technology and law over the years. Let us look at these developments in technology and law and also see how technology already [is] — and will — impact legal careers.
…
Joni Pirovich from Hall & Wilcox explained, “As technology trends are pervasive across all industries, it’s now incumbent upon law firms to ensure lawyers have a good starting language to interpret technology concepts and how they interact with legal principles.”

The increase in law firm technology did surprise some people. Forbes found out that there was a 713% jump in investments in technology for law firms in 2018—almost 1.63 billion USD—bolstered mostly by the arrival of eDiscovery, which is an electronic method for finding important information specific investigations or suits.

#Automation #MachineLearning #AI #BigData

20 digital transformation leaders to follow on Twitter in 2020 — from enterprisersproject.com by David. F. Carr
Committed to digital transformation this year? Follow these people for perspective and emerging lessons

Excerpt:

One of our New Year’s resolutions was to refresh and expand our Twitter feed for digital transformation leaders, reviewing them not just for the use of the right hashtags but for the content they share.

There are a few repeats from a similar list we shared last year, but for the most part, we tried to give you new Twitter handles to follow. This year’s list includes CIOs, authors, consultants, and cloud computing leaders. Some only post on technology topics, while others share thoughts on family, culture, politics, and favorite movies.

The common denominator we looked for was a thoughtfully curated feed that’s not entirely self-promotional but adds to the conversation we’re all having about how to understand the potential of digital transformation and put it to work for our organizations.

From DSC:
While these types of lists invariably leave off a ton of extremely talented individuals and organizations who are worth following as well, such lists are a good starting point for:

Someone to use to begin tapping into streams of content in a given area
Observing the topics, issues, ideas being discussed
Building one’s network
Seeing who these folks follow and who they respect
…and more.

Searching for the top __ people of Twitter in subject XYZ is a solid way to enhance our [lifelong] learning ecosystems.

Some solid articles from Modern Law [published on 1/30/19]

On 01/15/2020, in career development, change, changing business models, disruption, emerging technologies, future, game-changing environment, ideas, innovation, Law Schools, legal technologies, legislatures / government / legal, society, strategy, technology (general), UK, United States, vision, by Daniel Christian

Excerpts:

“Dismissed as a fad by some, in 2019, bootcamps graduated 23,000 people, up 49% in one year.” [Garrett]

On 01/15/2020, in adult learning, change, changing business models, colleges, community colleges, computer science, new business models, programming, United States, universities, by Daniel Christian

Excerpt from Higher Education Predictions for 2020: Recession, Certificates, and Computer Science by Richard Garrett

Coding bootcamps, the educational innovation that arose over the past decade to tackle an acute supply-demand crunch in computer science, had a stellar year in 2019. Dismissed as a fad by some, in 2019, bootcamps graduated 23,000 people, up 49% in one year (37% on a same-school basis).

…
But short of an unprecedented surge in domestic master’s degrees awarded in 2019, that year will mark the turning point when bootcamps—dominated by U.S. students— unequivocally passed master’s degrees.
…
An intriguing question is: what impact does a university’s own bootcamp have on domestic enrollment in its computer science master’s program: complementary or competitive? That will have to wait for another Wake-Up Call.

How AI is disrupting the legal tech industry [Chau]

On 01/07/2020, in Artificial Intelligence / Machine Learning / Deep Learning, change, changing business models, collaboration, emerging technologies, ideas, innovation, Law Schools, legal technologies, legislatures / government / legal, new business models, strategy, trends, vision, by Daniel Christian

How AI is disrupting the legal tech industry — from itproportal.com by Derek Chau
Law firms will benefit from a growing ability to deliver high-value, strategic services while leveraging the ability of AI to execute lower value tasks.

Excerpt:

As increasingly complex AI solutions emerge, the technology continues to capture imaginations across the legal community. AI has become a catalyst for change within the legal ecosystem. And as platforms become more sophisticated, companies have begun to tap into ever-expanding automation and scalability.

Potential impacts/applications include:

Legal research (due diligence)
Predicting legal outcomes
Contract management
Intellectual property law

This reality is driven by the democratisation of legal services as a result of AI integrations. The movement is poised to lower the costs associated with corporate transactions, legal research, IP transactions, and related services. As such, law firms will benefit from a growing ability to deliver high-value, strategic services while leveraging the ability of AI to execute lower value tasks.

‘Fundamental shift’ is transforming the delivery of legal services, new report concludes [Cassens Weiss]

On 01/07/2020, in change, changing business models, disruption, Law Schools, legal technologies, legislatures / government / legal, new business models, tools, trends, United States, universities, Using teams, workplace, by Daniel Christian

‘Fundamental shift’ is transforming the delivery of legal services, new report concludes — from abajournal.com by Debra Cassens Weiss

Excerpt:

“Revolutionary changes are afoot” in the market for legal services, according to a new report.

Clients are actively managing their relationships with outside counsel, nonlaw competitors are gaining ground, and law firms are responding to market changes in innovative ways, the report says.

The 2020 Report on the State of the Legal Market was released Monday by Georgetown Law’s Center on Ethics and the Legal Profession and Thomson Reuters Legal Executive Institute. It is available for download here.

However, taking that view is seeing only one side of the story. Over this same period, there has been mounting evidence that the underlying model itself is changing, that clients, non-law firm competitors, and even many law firms are now operating with very different assumptions about the role law firm services should play in the legal ecosystem and how such services should be delivered. In the past year or so, this evidence has grown to the point that it seems apparent that a fundamental shift is now well underway.

Also see:

A Future Focus: The Success of Legal Tech Depends on Transformation, Not Automation — from law.com by Zach Warren
Legal technology has incrementally shifted law in recent years, but true transformation isn’t incremental. The next decade has the potential to change that.
Legal Tech’s Predictions for Legal Innovation in 2020 — from law.com by Zach Warren
From blockchain and cryptocurrency to new skillsets for lawyers, here’s what lawyers and technologists see as the future of law—coming in 2020.

Lori Lorenzo, research and insights leader of chief legal officer program, Deloitte: “Catching-up and keeping-up with tech advancements for the legal function will remain a top goal for chief legal officers in 2020. Of course, addressing legal team tech skills gaps may drive inclusion of professionals with diverse skillsets, like data scientists, automation experts and the like, into the legal function.”

8 digital transformation trends for 2020 [Overby]

On 01/07/2020, in 21st century, business, career development, change, changing business models, corporate / business world, corporate universities / corporate training, new business models, professional development, training / L&D, workplace, by Daniel Christian

8 digital transformation trends for 2020 — from enterprisersproject.com by Stephanie Overby
Having some digital transformation fatigue on your team? You’re not alone: Here’s what else to watch for in the year ahead, digital leaders

Excerpts:

“2020 will still see the rapid scaling of digital initiatives across industries,” says Steve Hall, partner and president of global technology research and advisory firm ISG. “In many areas, CIOs and organizations have prepped their organizations for change but haven’t made the full leap to transforming their culture to fully embrace the change.”

Trends mentioned include:

Digital operating models become mandatory
More data, more problems
AI takes center stage
M&A shakes up IT services
New digital transformation allies emerge
Public cloud adoption expands
New digital transformation metrics will emerge
IT takes the long view on digital insights

I’m thinking that a global, inexpensive, next gen learning platform will enable/integrate/address some of this. [Christian]

On 12/30/2019, in 21st century, 24x7x365 access, A/V -- audio/visual, adult learning, career development, change, changing business models, cloud-based computing / apps / other cloud-related, colleges, community colleges, corporate / business world, corporate universities / corporate training, cost of getting a degree, Daniel S. Christian, elearning, emerging technologies, future, future of higher education, game-changing environment, global / globalization, heutagogy, higher education, homeschooling/homeschoolers, human-computer interaction (HCI), ideas, innovation, instructional design, intelligent systems, intelligent tutoring, internet, learner profiles, learning, Learning Agents, learning ecosystem, learning from the living [class] room, learning preferences, Lifelong learning, more choice more control, online learning, online tutoring, pace of change, personalized/customized learning, platforms, professional development, reinvent, second screen apps, Smart/Connected TV, society, staying relevant, student-related, surviving, tools, training / L&D, trends, ubiquitous learning, universities, virtual reality / worlds / learning, voice recognition / voice enabled interfaces, Walmart of Education --> New Amazon.com of Higher Education, web-based collaboration, webinars, workplace, by Daniel Christian

DC: I’m thinking that a global, inexpensive, next gen learning platform will enable/integrate/address some of this…such as the item about stackable credits. 4 ex, I could see constantly morphing digital playlists/courses to provide up-to-date curricula.
https://t.co/ZGPAgqycRH

— Daniel Christian (@dchristian5) December 30, 2019

Get Smart About Going Online: Choosing the Right Model to Deliver Digital Programming — from evolllution.com by Charles Kilfoye
A veteran online educator looks at the benefits and pitfalls for each of the three main ways to launch an online program.

Excerpt:

Online learning is making headlines again with big players such as University of Massachusetts and California Community College Online launching high profile online initiatives recently. Some would argue that if you haven’t made it in online education already, you’ve missed your opportunity.

However, my sense is it’s never too late. You just have to be smart about it. It all boils down to asking yourself the basic problem-solving questions of Why, What and How to determine if online education is right for your institution. To illustrate my point, I will briefly discuss major considerations you should make when exploring an online strategy and I will examine the pros and cons of the three most common models of delivering online programs in higher education today.
…
Be aware that differentiated pricing may indicate to prospective students that one format is more valuable or better than another. My personal opinion is that a degree earned online should be considered the same degree as one earned on-ground. It is the same program, same faculty, same admissions requirements, same relevance and rigor, so why not the same cost?

From DSC:
Regarding the topic of pricing, it would be my hope that we could offer online-based programs at significantly discounted prices. This is why I think it will be the larger higher education providers that ultimately win out — or a brand new player in the field that uses a next gen learning platform along with a different business model (see below article) — as they can spread their development costs over a great number of students/courses/program offerings.

If the current players in higher ed don’t find a way to do this (and some players have already figured this out and are working on delivering it), powerful alternatives will develop — especially as the public’s perspective on the value of higher education continues to decline.

Learning from the living class room

I’d also like to hear Charles’ thoughts about pricing after reading Brandon’s article below:

The Biggest Myth About College Has Just Been Busted — from forbes.com by Brandon Busteed

If it’s more expensive, it must be better. That, of course, has been the prevailing wisdom among parents and students when it comes to college. But that wisdom has now been exposed as an utter myth according to a new study published in The Journal of Consumer Affairs. It turns out the cost of a college does not predict higher alumni ratings about the quality of their education. In fact, the opposite is true: total cost of attendance predicts lower ratings.
…
Quality matters. Price does not. Quality and price are not the same things. And this all has enormous implications for the industry and its consumers.

An interview about the “60-Year Curriculum (60YC)” [Lambert]

On 12/17/2019, in 21st century, adjunct faculty, adult learning, business side of he, career development, change, changing business models, colleges, communities of practice, community colleges, competency-based learning/education, content development, content repositories, corporate / business world, corporate universities / corporate training, credentialing, curriculum, dangers of the status quo, higher education, ideas, innovation, instructional design, Law Schools, leadership, learning, learning ecosystem, learning from the living [class] room, learning hubs, learning spaces, Lifelong learning, new business models, pace of change, reinvent, society, staying relevant, student-related, surviving, United States, universities, by Daniel Christian

Redefining Norms Critical to Sustained Relevance in the Changing Postsecondary Environment — from evolllution.com by Hunt Lambert
Sticking to the status quo will end in disaster for most postsecondary institutions. To stay relevant, institutions have to rethink all aspects of the higher education product, from programming to student support to organizational models.

Excerpt (emphasis DSC):

Higher education has existed for over a millennium in an effectively unchanged state, but the impetus to transform has arrived. Fast-changing labor demands, evolving learner expectations and transformed market realities are forcing college and university leaders to rethink the traditional postsecondary model and find ways to serve the growing numbers of lifelong learners. This idea has been broadly articulated as the 60-Year Curriculum (60YC), and executing on this vision demands a fundamental change in how higher education institutions must operate to serve students. In this interview, Hunt Lambert expands on the 60YC vision and shares his insights into how the organizational models of postsecondary institutions need to evolve to adapt to this approach.

The 60YC proposes that higher education providers, who happen to be best in the world at knowledge creation and dissemination through well-designed curriculum, expand that curricula concept from the current two-year AA, four-year BA, two-year master’s and seven-year PhD learning models into a 60-year model inclusive of 15- to 75-year-old learners and, most likely, beyond.

Make School is working to level the playing field for underrepresented groups in tech.

On 12/16/2019, in 21st century, career development, changing business models, colleges, communities of practice, community colleges, computer science, cost of getting a degree, dangers of the status quo, new business models, programming, society, STEAM-related, student-related, United States, universities, vendors, by Daniel Christian

The following information is from Rebecca West, Founder and CEO, Helium Communications

In the San Francisco Bay Area, scarcity of technology talent is an acute point of pain for many organizations. The SF Bay Area has experienced a remarkable 90% growth in tech employment and a 36.5% expansion in STEM jobs in the past decade. California’s tech workforce grew by more than 51,500 jobs in 2018, with well over half of them in the Bay Area. In the current business climate, the biggest barrier to growth for many organizations is their inability to find qualified job candidates, particularly in technical fields such as coding and computer science.

Ironically, many students graduating from US colleges and universities are still having trouble finding work because they don’t possess the skills required in the actual workplace. According to the most recent Global Information Workforce Study, the skills gap is only going to become more pronounced in coming years, with as many as 1.8 million IT jobs that could be left unfilled by 2022, a 20 percent bump from what the same study revealed two years earlier.

Make School is a college in San Francisco that’s working to level the playing field for underrepresented groups in tech. Make School is changing the higher education landscape with a unique model of deferred tuition that makes it possible for computer science students to gain the skills they need in order to find employment in the technology market without saddling themselves with huge amounts of debt.

Make School serves high school students entering college and transfer students (either from community colleges or from other four-year institutions). Accessibility to diverse populations is a key component of their offering. Make School offers a Bachelor’s degree in Applied Computer Science, teaching students to design, program, and launch software products while providing a foundation of liberal arts to ensure a lasting career. Students who graduate from Make School do not pay tuition until they have secured employment and are earning an annual salary of at least $60K.

With four years of positive student outcomes comparable to schools like Stanford and MIT, Make School has demonstrated the success of its model. Alumni currently work at companies including Facebook, Google, Apple, Zendesk, Y Combinator startups, and other leading technology innovators.

Fall and Spring semester tuition is $15,000. Summer semester tuition is $10,000. Total tuition for the bachelor’s program is $70,000.

From DSC:
I’d like to see the tuition come down for this school — especially as they are marketing themselves as a school that aims to help underrepresented groups in tech. Perhaps they’ll need to develop some satellite branches/campuses outside the San Francisco area in order to make that tuition reduction happen. As it stands, this is not much of a discount. That said, I do appreciate that they are trying to address the gorillas of debt on our graduates’ backs. Plus they are pursuing new business models, alternatives to the status quo, and are making efforts to address some of the numerous gaps in our society.

Technology is increasingly being used to provide legal services, which demands a new breed of innovative lawyer for the 21st century. Law schools are launching specialist LL.M.s in response, giving students computing skills — from llm-guide.com by Seb Murray

Excerpts:

Junior lawyers at Big Law firms have long been expected to work grueling hours on manual and repetitive tasks like reviewing documents and doing due diligence. Increasingly, such work is being undertaken by machines – which can be faster, cheaper and more accurately than humans. This is the world of legal technology – the use of technology to provide legal services.

The top law schools recognize the need to train not just excellent lawyers but tech-savvy ones too, who understand the application of technology and its impact on the legal market. They are creating specialist courses for those who want to be more involved with the technology used to deliver legal advice.

“Technology is changing the way we live, work and interact,” says Alejandro Touriño, co-director of the course. “This new reality demands a new breed of lawyers who can adapt to the emerging paradigm. An innovative lawyer in the 21st century needs not only to be excellent in law, but also in the sector where their clients operate and the technologies they deal with.”

The rapid growth in Legal Tech LL.M. offerings reflects a need in the professional world. Indeed, law firms know they need to become digital businesses in order to attract and retain clients and prospective employees.

From DSC:
In case it’s helpful or interesting, a person interested in a legal career needs to first get a Juris Doctor (J.D.) Degree, then pass the Bar. At that point, if they want to expand their knowledge in a certain area or areas, they can move on to getting an LL.M. Degree if they choose to.

As in the world of higher ed and also in the corporate training area, I have it that the legal field will need to move more towards the use of teams of specialists. There will be several members of the team NOT having law degrees. For example, technologists, programmers, user experience designers, etc. should be teaming up with lawyers more and more these days.

‘Academic capitalism’ is reshaping faculty life. What does that mean? [Koenig]

On 11/29/2019, in adjunct faculty, business side of he, changing business models, colleges, community colleges, faculty, future of higher education, higher education, online learning, technology (general), trends, United States, universities, Walmart of Education --> New Amazon.com of Higher Education, by Daniel Christian

‘Academic capitalism’ is reshaping faculty life. What does that mean? — from edsurge.com by Rebecca Koenig

Excerpt:

Professors have long savored their position outside of commercial systems. But these days, there’s plenty of signs of capitalism within the academy—scholars seek support from funders in hopes that the findings will lead to commercial applications, departments market their courses to students as pathways to lucrative careers and universities replace tenure-track positions with adjunct jobs to cut costs.

Last week on the latest installment of EdSurge Live, our monthly online discussion forum, we dug into the topic, often referred to as “academic capitalism.”

6 reasons why higher education needs to be disrupted [Chamorro-Premuzic & Frankiewicz]

On 11/29/2019, in adjunct faculty, business side of he, change, changing business models, colleges, corporate / business world, corporate universities / corporate training, cost of getting a degree, Daniel S. Christian, disruption, faculty, higher education, research, training / L&D, United States, universities, workplace, by Daniel Christian

6 reasons why higher education needs to be disrupted — from hbr.org by Tomas Chamorro-Premuzic and Becky Frankiewicz

In our view, until the entire higher educational system prioritizes the classroom over the research lab, it will be a challenge for this dynamic to change.

Excerpts:

Employers need skills, not just knowledge or titles:
Students want jobs, not knowledge or titles:
Students are paying more and more to get less and less:
Students have unrealistic expectations (understandably) about college:
Many elite universities prioritize research, often at the expense of teaching:
Instead of boosting meritocracy, universities reinforce inequality:

The fundamental question we see is this: If a university claims to be a top educational institution, shouldn’t it admit the people with the lowest test scores, and turn them into the leader of tomorrow (as opposed to admitting the people with the highest income and test scores, who would probably rule the world tomorrow regardless of those three or four years in college)?

From DSC:
My hat’s off to those who teach in those institutions who “open wide” the gates of entry!!! They are the professors who have to work their tails off to help their students.

And shame on the elite institutions who continue to value research/grant $$ waaaaaay over teaching — all while charging more and more for less and less…and while many graduates students end up teaching a lot of the undergraduate students. Those graduate students most likely haven’t been taught how to teach either!

And what higher ed pays adjunct faculty members is a complete disgrace — while many coaches make millions of $’s. Full-time faculty members — and administrators/provosts/other members of leadership — who were suddenly put into the adjunct faculty member’s role/wages would be outraged and demand immediate change.

How to adapt to the future of work [Daniel Goleman]

On 11/23/2019, in 21st century, business, change, changing business models, corporate / business world, corporate universities / corporate training, future, game-changing environment, ideas, leadership, legislatures / government / legal, strategy, student-related, technology (general), training / L&D, workplace, youth, by Daniel Christian

How to Adapt to the Future of Work https://t.co/JaosI4mMtx

— Simon Porter (@simonlporter) November 22, 2019

Also see:

Learning Ecosystems

How technology and law changes for career development [Ghadawala]

Some solid articles from Modern Law [published on 1/30/19]

“Dismissed as a fad by some, in 2019, bootcamps graduated 23,000 people, up 49% in one year.” [Garrett]

How AI is disrupting the legal tech industry [Chau]

‘Fundamental shift’ is transforming the delivery of legal services, new report concludes [Cassens Weiss]

8 digital transformation trends for 2020 [Overby]

Reflections on “Get Smart About Going Online: Choosing the Right Model to Deliver Digital Programming” [Kilfoye]

…a new breed of innovative lawyer is needed for the 21st century.

‘Academic capitalism’ is reshaping faculty life. What does that mean? [Koenig]

6 reasons why higher education needs to be disrupted [Chamorro-Premuzic & Frankiewicz]

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