Law firms adapt to cover expanding legal risk

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Law firms adapt to cover expanding legal risk
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Lawyers are developing new products and services as clients seek advice beyond traditional practice areas

Cultural and technological developments in recent years have given rise to a new array of legal risks for businesses in the US. Now, in response, law firms are expanding their products and services to cover anything from cyber crime and generative AI to cultural disagreements in the workplace. “Historically, law firms have been organised around what the lawyers do, such as litigation, corporate or regulatory work,” says Gerry Stegmaier, a partner in the emerging technologies group at Reed Smith.

This is particularly noticeable since the pandemic and the increased emphasis on being open and authentic at work, says Sam Schwartz-Fenwick, a partner at Seyfarth Shaw and leader of the firm’s LGBT affinity group: “People were coming to work with their full identity on, and that meant that there was a lot of disagreement.” At some companies, this led to HR complaints and, sometimes, litigation. The legal framework governing free speech in US workplaces is complex, he says.

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