Top Tech Trends of 2024
We run through 3 key trends and explain how each of them impacts Law Firms.
As we're half-way through the year, it's time to touch base on the top tech trends of 2024. So today we run through 3 key trends and explain how each of them impacts Law Firms.
Coming up:
- 📜 Tech Regulations heats up
- 🦺 Time to secure your products
- 🤝 How critical tech impacts M&A
Let's get ready to Regulate
This has been the year tech regulation went into hyperdrive with both the EU and UK setting up some shiny new laws.
In Europe:
- EU AI Act: The EU took a giant leap with its AI Act becoming the world’s first big playbook on AI regulation.
- Digital Services Act (DSA): Enforcing content moderation requirements mainly focused on larger platforms.
- Digital Markets Act (DMA): This act places restrictions on ‘gatekeepers’ of core platform services (think Google, Amazon, TikTok) to prevent anti-competitive practices.
- Data Act (DA): Set to start in September 2025, this act will regulate data sharing from connected devices, enhance data portability in cloud services, and define emergency government data access.
In the UK:
- The Online Safety Act introduces stringent requirements for online content management, with more detailed regulations on the way.
- Plus there's a "sandbox" approach to AI i.e. watch and learn from other countries, see what works, and let AI businesses work.
- Note: As a jurisdiction, England and Wales has been at the forefront of developments in relation to emerging tech and this is likely to continue with AI.
How does this impact Law Firms?
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