Krinick Offers Legal Forecast in Long Island Business News
January 6, 2023Rivkin Radler Managing Partner Evan Krinick joined other Long Island leaders in providing a preview of what 2023 might bring. In the Long Island Business News article, “What We’ll See in ’23,” he noted:
The legal marketplace in 2023 will continue to focus on flexibility and technology to provide value to the client experience. Innovative strategies, such as artificial intelligence and data analytics, will grow in importance as attorneys seek to go beyond being responsive to current client needs, but to anticipate future needs. Cybersecurity will be the most important investment for all law firms, and for all businesses, big and small. The retirement of baby boomers will fuel an increase in wealth transfer strategies, while economic uncertainty will dampen corporate and financing transactions in the early part of the year. Real estate matters will be more active in other parts of the country, as investors seek opportunities outside New York. Litigation will be robust, as the courts try to catch up from the COVID backlog. Legislative and regulatory changes will also impact the legal environment, in obvious areas such as cannabis and gambling, and in other less obvious areas.
