Crazy customers! Why all customers are irrational under pressure.Marketing trends keynote speaker

Trust is the most important thing. Future of logistics and supply chain management - keynote speaker

Future of Sales and Marketing beyond COVID - hybrid event in Vilnius: physical audience of 800 + 300 virtual. Digital marketing, location marketing. How to create MAGIC in new marketing campaigns. Future of Marketing Keynote Speaker

Chances of 2 people in 70 having same birthday? Managing Risk in Banking and Financial Services. Why the greatest risks are combinations of very unlikely events, which happen far more often than you expect. Keynote speaker on risk management

Compliance is Dead. How to build trust. Reputation of banks and financial services. Compliance Risks. Why 100% compliance with regulations, ESG requirements etc is often not enough to prevent reputational damage

Life's too short to do things you don't believe in! Why passionate belief in the true value of what you are selling or doing is the number one key to success. Secret of all leadership and marketing - keynote for 1100 people in Vilnius October 2021

Why you can't innovate on Zoom or Teams meetings - Innovation is almost impossible unless breathing same air, in same room

Why the key to rapid innovation is team diversity - survey global CEOs. Innovation keynote speaker

Future Manufacturing 5.0. Lessons from personal life for all manufacturers. Manufacturing Keynote

Future of Manufacturing: diagnostics; predictive analytics, little data and cybersecurity. Keynote

Manufacturing 5 0: The truth about robots, robotics and automation. Future of Manufacturing Keynote

Manufacturing 5.0 - why Manufacturing 4.0 not enough. Agility and Innovation: Manufacturing Keynote

Future of Law Firms, Accountancy, Auditing and Global Consulting Companies, Professional Service Firms. Future of government regulation on professional services. Why compliance is dead except to keep people out of prison. Focus on Ethics - Keynote speaker

Futurist Keynote Speaker: Posts, Slides, Videos - Law Firms, Accountancy, Professional Services

There are very few global consulting and accounting firms, and this is already causing big problems for regulators, unhappy when the same companies audit the same accounts for years.

And for very good reasons.

We should be worried when auditors are from the same organisation as consultants, when huge companies find members of their teams on both sides of complex deals.

It is hardly surprising that so many audits of multinationals have turned out to be so misleading to investors.

Arthur Andersen disappeared almost overnight as a result of the Enron scandal, and it will only take one more such event to create a crisis, because only three global firms would remain.

Expect many further regulations about companies needing to change their auditors every few years, and more restrictions on conflicts of interest.

Auditors will be strictly audited

As I predicted, auditors are increasingly being held legally responsible when banks or insurers or other types of company fail spectacularly, soon after a clean audit.

It is outrageous that global auditors have been able to walk away without penalty, from large companies that collapse, only days or weeks after being paid hundreds of thousands of dollars to vet them for accounting irregularities and risks.

Auditors will be called more strictly to account for such appalling failures in their own processes, for giving false and dangerous assurances, based on too narrow a view of he business.

Auditors will no longer be able to hide behind ‘standards of compliance’ in their audits.

They will be expected to probe for truth, to ask the difficult questions, to place their own reputations (and existence) on the line in robust assurances they give.

Legal services move to mass-market budget retail

Global law firms provide clusters of legal experts, able to take a view on highly complex issues, particularly across territories. Few are structured in the right way to support global companies in future, often led by senior partners who are professionally expert, but may be incompetent in a global CEO-type role.The most important question for a global law firm to answer is this:

If we were building a large firm from scratch, would it look like us? And if not, how can we fix? 

Expect to rapid change in how smaller-scale legal services are delivered, with a growing trend to ‘retail legal’ teams, operating out of call centres, shopping malls, and so on.

Or completely online firms using simple questionnaires to generate a huge number of highly complex, completely customized legal documents in seconds at very low cost. 

Many kinds of standard legal practice will be automated – including aspects of employment law, consulting contracts, buying and selling property, making a will, divorce proceedings, personal injury claims, and so on.

One-off legal advice will increasingly be offered online, either using chat screens or email, or video calls. We will also see more outsourcing of basic legal services by larger legal firms in developed nations, to teams in countries like India.

More countries will follow Australia and the UK in deregulation, to allow non-legal firms to offer such services, and teams of legal experts to raise capital in the markets.

We will see many new companies offering expert legal advice, in a highly efficient, rapid and customer-friendly way, breaking with all the familiar ways of doing things. 

False Memory Syndrome will continue to feature in legal actions which rely on uncorroborated accusations or confessions, especially over sexual behaviour – false memories can be implanted easily and unintentionally during conversations .

Law itself will change profoundly over the next two decades, influenced by every global trend.

Related news items:
Older news items:

Thanks for promoting with Facebook LIKE or Tweet. Really interested to read your views. Post below.

Join the Debate! What are your own views?



Search for your future

Our cookie policy

We use cookies for statistical purposes. To comply with the e-Privacy Directive we need to ask your consent to place these cookies on your computer.

Your use of this site indicates acceptance of these terms. I accept