Lines
Lines

Disrupt or Be Disrupted

Whether you like AI or not – whether you think it will change the legal profession or not (and I think it will at a fundamental level) – the last 2 years, since ChatGPT went live, have created a debate about the future of the legal profession not seen profession-wide since the introduction of ALSPs in the mid-2000s.

Yes, there have been changes to parts of the profession in that time, but nothing on this scale that has the potential to impact the entire profession. 

Now, I know we’ve been here before: Most cryptocurrencies, NFTs, fidget spinners, Pokemon Go – short-lived phenomena that are hugely popular for a short while before quickly losing momentum and fading away.

And there’s no guarantee that AI won’t go the same way.

Except AI has been around for decades – and I mean decades – and we use AI more than we might realise. That virtual assistant device in your home? AI. That streaming service recommendations list? AI. Chatbots? AI. Facial recognition? AI.

AI is being used in the healthcare profession for early disease detection, to develop personalised treatment plans, clinical trials, and in surgery.

In finance, it’s used to help predict market trends, and personalise financial products based on individual needs.

The list goes on and on, and it is highly unlikely that AI won’t, in some way, impact the legal profession.

A recent survey by insights company BTI Consulting found that 31% of law firm leaders say AI will be a big disruptor in 2025 and beyond. They expect Generative AI to fundamentally alter how law firms operate, delivering:

  • Faster, more efficient workflows
  • Better strategies and outcomes for clients
  • Improved and more personalised client service
  • Higher rates and margins — based on higher value
  • Solutions to privacy and confidentiality challenges, rather than barriers
  • Superior work products in a sea of legal complexity

47% think it may have an impact, though they have questions around regulation, security, and effectiveness. They’re cautious, but they’re looking into it.

16% don’t think AI will shake things up, believing it might be useful for minor tasks, but it won’t fundamentally change the way law firms operate.

Just 6% say AI is just another fad, believing it won’t have any real impact on the legal industry and see no reason to change their approach.

Whichever camp you fall into, what matters is knowing what’s going on – playing around with the technology, learning what it can do, and thinking about whether it can help improve the way you work.

Lawyers are lifelong learners – whichever practice area you have chosen, the law never stands still, so keeping up-to-speed with the ever-changing landscape is vital. The business of law is no different, and the need to keep exploring what is out there always presents opportunities, it’s never a waste of time.

And while I don’t think technology is always the answer, there are places where technology like AI can seriously help the client journey and experience. Because that’s what it should be about: improving customer experience and helping clients get better outcomes.

Very often, disruption comes from outside rather than within, and this can leave the profession, and those who work in it, too far behind the curve to do much about it.

And that’s the point really: disruption by AI has happened in every sector it has gone into. By understanding what it can do, you can better decide whether to be part of that disruption or have it done to you.

At Legal Balance, we’re spending a lot of time looking into AI, its use cases and where it can add value. And we’re only scratching the surface.

If you’d like to have a chat about where you can start, get in touch, I’ll help you cut through the noise.

Lines
Small Lines

SHARE THIS

Lines

OTHER

In the latest edition of Thrive, regular contributor John Hayes reflects on the uncertainty facing small and medium-sized businesses in Gibraltar. From Brexit fallout to ever-changing frontier delays, he unpacks why the border remains a top concern—and how local firms are adapting. While resolving post-Brexit cross-border issues is beyond the scope of this correspondent, there are practical steps business owners can take to mitigate and manage the challenges of this uncertainty.

When stakeholder conversations become difficult, most organisations focus on communication. Kerstin Andlaw argues the real issue runs deeper. It is not what we say, but how we stay in the relationship when pressure rises. In complex environments, the ability to work with tension, not avoid it, is what separates transactional engagement from true collaboration.

With its largely service-based economy, you'd be forgiven for thinking that Gibraltar didn't have to deal with the problem of toxic waste, perhaps more commonly seen in countries reliant on manufacturing, mining and even agriculture. However, every gaming company, insurance firm, fintech organisation, retailer, restaurant, and literally every other business on the Rock is potentially responsible for producing a particularly nasty waste byproduct - e-waste.

After teaching in schools for 18 years I decided to take the plunge and embark on a self-employed life. Driven by my passion for teaching children with special educational needs I set out to discover alternative ways to make education accessible to all. My vision was to have the individual in mind, with their own strengths and challenges, and with that came the birth of ‘edYOUcation Clare Francis’; bringing the YOU into learning.

Mental health issues affect us all. How we manage our daily stresses and anxieties have an impact on our relationships, how we perform in our job and the workplace environment, and our outlook on life. Becoming self-aware of what affects us, managing how we respond to triggers and using tools to help us work through them, are all part of our journey towards MENTAL FITNESS, which is how we should be positively defining it. 

Two decades is a long time for any business - with all the strife that businesses large and small have had to endure these past four years, it seems that anxiety among business owners has never been higher. I recently had the pleasure of chatting with Garren Thompson, co-owner and co-founder of Gibraltar hair & beauty salon Miss Shapes, based on Bishop Rapallo’s Ramp. As the business recently hit the 20-year milestone, we discussed the highs and lows of creating a successful salon in a saturated market, how he and his team created their new range of Miss Shapes branded Hair & Beauty products and how this will help build success for another 20 years.

Finding time to sit down with a book can feel like a luxury sometimes. We seem to be pulled in all sorts of directions, yet many of us still want to learn and stay exposed to new ideas. Podcasts have filled part of that gap. They’re accessible, conversational and easy to consume while commuting or […]

Eran Shay's journey is emblematic of the modern entrepreneur. A self-confessed ‘out-of-the-box’ thinker, he swapped a successful corporate career and a senior role at Deloitte to pursue his own projects and business opportunities.

Introducing the Thrive Catalog - A curated collection of goodies selected by our editorial team each quarter. Everything featured is available right here, right now at prices that are better than or compete with the internet.

If you’ve been dreaming of starting your own business, you’re not alone. Data from the UK’s Office for National Statistics (ONS) revealed that the annual number of companies registered is edging closer to the one million mark, that’s up by 75,000 in 2022 which itself was 30,000 higher than in 2021. Whether it's following a passion, aiming for financial independence, or breaking free from the 9-5 grind, every entrepreneurial journey begins with one crucial thing: a solid idea. But coming up with that perfect idea can be tough. This is where brainstorming comes in—it’s the creative springboard that can help you turn your business dreams into reality.

Thrive catches up with Nick Pitaluga TEP, Managing Director of Gibraltar Trust & Corporate Services Limited - “GTCS”. From starting out as a messenger to leading his firm through a major merger, Nick talks about the importance of stepping outside your comfort zone and offers inspiration for anyone carving their own niche.

Whether you’re an ebook tapper or traditional page turner, there are thousands of books that can make you better at business. Áine Panter, Head of the School of Business at the University of Gibraltar has curated a list of must-reads that will inspire, inform, and equip you for success.

Whether you’re building a business from the ground up or hoping to grow an existing operation, having a strong business development strategy is the foundation of success. But real, sustainable growth doesn’t come from chasing the next big thing, it comes from getting the essentials right. So, what are the fundamentals you can’t afford to ignore? In my view, this starts with something I call the “Holy Trinity” of small business marketing...

In an age where small businesses must adapt to stay in business, outsourcing has long been a way to enhance efficiency and streamline operations. Derived from the simple philosophy of delegating certain non-core tasks to external experts, outsourcing allows businesses to concentrate on their primary objectives and strengths. For the uninitiated, it's about seeking external expertise for tasks outside your comfort zone, skills base or business's main expertise.

When you’ve been running your own business for a while, you know what works, and it’s easy to rely on the skills that got you to where you are. Chances are, you’re comfortable doing things in a certain way, and your team knows what to expect from your leadership style.

Fair recruitment is based on the principle that candidates are judged on their ability to do the job rather than influenced by factors such as an applicant’s gender, religion, ethnicity, or any other quality unrelated to their skills and expertise. As the Founder of Rock Learning and the Co-Founder of the ‘Count me In’ DEIB Conference, I have developed a deep understanding of the topic and how small businesses can implement inclusive hiring practices.

Welcome to the fifth edition of Thrive magazine. Too often the narrative around business focuses on success and, in my view, we forget to talk about failure. That’s why we lead this edition with EPIC FAILS by Katie Buller—because understanding what doesn’t work is just as important as what does.

Love is big business. According to official statistics, 1,745 weddings took place in Gibraltar in 2021 followed by another 1,761 weddings in 2022 and a further 1640 in 2023. That’s around 33 weddings each week or 6 every single day. With an estimated population of around 33,000, it’s safe to say that, no, we aren’t all marrying each other, but that Gibraltar is a very popular place for many people to come and say ‘I do’. In fact, in all three years, non-residents outnumbered residents by an average of 90% to 10%. The stats point to a healthy wedding sector, one that our Minister for Tourism, Christian Santos is keen to develop. In an interview with the Gibraltar Chronicle he recently said he wanted; “Gibraltar to be the Las Vegas of Europe” when it comes to weddings. Unlike Vegas, we don’t have Elvis. But we do have John. Music legend John Lennon famously married Yoko Ono here in 1969 and put the Rock on the map for ‘Fast Track’ weddings. If music’s not your thing, acting legend Sean Connery (AKA James Bond) also tied the knot here (twice)!

Success doesn’t just happen; it’s built on a strong foundation of preparation, clarity, and taking consistent action. Whether you’re launching a new business, taking your current side-hustle full-time, or looking to scale in a competitive market, having the right plan in place is essential.

We’ve said it before and it’s only getting louder: AI is reshaping how businesses work. From chatbots and smart analytics to automated content and decision-making tools, AI is helping smaller firms punch well above their weight. But with that power comes responsibility. As AI use grows, so do the risks around data privacy, and under GDPR, getting it wrong can mean serious fines and lasting reputational damage.