Two major threats that the legal sector is facing at the moment are the growing number of alternative legal services providers (ALSPs) and the entry of the Big 4 accountancy firms – KPMG, Deloitte, EY and PwC. The result is an increasingly competitive market where clients want services that are cost efficient. In response, law firms have started to adopt technology-based solutions such as artificial intelligence (AI) in an attempt to lower costs. The most common way AI is being deployed is Technology Assisted Review (TAR). This means that barring documents that are specific to an agreement, most documents in a transaction tend to be boilerplate. Examples include employment contracts, licenses etc.

Now, the glass is more than half full for the retail industry, and the accelerating expectations of the consumers present opportunities for savvy retailers and brands who are willing to face the winds head on. Global retail sales closed at $25 Trillion in 2018 and are expected to reach $28 Trillion by 2020. While consumers are super busy in their instant gratification world and may not care about the future of retail, they're still creating that future. They want a personalized value. They want a social connection.