Krinick Looks to the Year ahead for LIBNJanuary 4, 2021
Evan Krinick gave his forecast for the business of law in the Long Island Business News article, “Looking ahead to 2021.”
The legal marketplace in 2021 will continue to be focused on flexibility, innovation and technology. The pandemic will continue to dictate a largely remote work environment, and will demand increased investment in mobile technologies. Physical office space needs will lessen, but law firms will not be quick to abandon their professional homes. Instead, they will look to make their environments more efficient. A new administration in Washington, DC, will push to change the regulatory landscape, and litigation in the increasing conservative federal courts challenging authority of the regulators should be expected. More attention will be paid to state and local governments, especially in Albany, where the Democratic Party has ascended to new heights of influence. Among many issues, cannabis and sports betting will be the subject of legalization efforts. Cyber and data security will continue to be major concerns, and the aging of the baby boomer generation will increase the focus on estate planning and elder law issues. The pandemic will continue to drive labor, real estate and business issues to the forefront as the economy tries to avoid a tailspin. Diversity and inclusion initiatives will grow in importance both from the perspective of clients and from the work force.
- Evan H. Krinick