This article highlights the predictions of world leadership in KPMG legal services around the world on how data, confidentiality and cybersecurity problems will affect the future of legal functions and legal practice. As predictions, they are not intended to guarantee future results.
Today’s legal teams are challenged by rapid technological innovations. Generative artificial intelligence (Gen AI) and other new technologies are adopted through legal functions and wider companies at dizzying speed. While productivity is pushed to new heights, organizations are exposed to a new range of risks, including data confidentiality violations, loss of privilege-client privilege, increased regulatory examination, ransomware and damage to damage related reputation.
At the same time, new capacities to access, manipulate and analyze huge data pools are legal professionals, regulators and convincing political innovators to balance the potential of technology to stimulate positive social change from dangers exposure of large expanses of sensitive personal information.
How will these trends reshape the legal functions of the future? Here are the five main predictions of KPMG professionals: