To empower youth to tackle tomorrow’s challenges, Arendt & Medernach is organizing theArendt Young Leaders Days, a two days forum, allowing European young lawyers & leaders to exchange on upcoming opportunities.
But what are the challenges of tomorrow?
First, our clients are multinationals, but globalization has its limits. Therefore, they are facing different challenges in different countries and they require the assistance of lawyers in these different jurisdictions. As lawyers, we need to work hand in hand to solve these problems and meet our clients’ expectations.
However the work stream among lawyers from different countries is not always flawless and we do not only need to deal with time differences, but also with communication difficulties and cultural divergences.
As a fact, it is much easier to work with people that you know well, or that you have met already. Therefore we would need to meet in person and not only over a conference call. This is although not often the case for young lawyers, who is doing most of the day-to-day work but who do not get to travel much.
Second, our profession is facing an evolution because of technology: (i) computer programs will be doing more and more of the commoditized work, like drafting basic legal documentation, (ii) artificial intelligence will bring forward smart contracts, or (iii) due diligence processes will be performed by sophisticated software.
The problem is that, as young lawyers, we don’t get the chance to discuss this evolution with our peers and in our working environment; there are few opportunities for us to discuss strategy. Even though it is our generation that grew up with computers and should be best suited to tackle these challenges, and we are the ones that will work in this environment for the next 30 years.
More generally, when we were students, we had plenty of idea exchanges and with a certain age, these opportunities come back. But as young professionals we lack the opportunities to discuss the future.
That is why we at Arendt & Medernach would like to tackle these challenges.
Arendt & Medernach is the leading independent business law firm in Luxembourg with more than 300 legal professionals, with a medium age of 34. According to our human resources department, Arendt & Medernach recruited around 80 new legal professionals, with a medium age of 29. Arendt & Medernach is therefore a rather young law firm and would like to give their younger generation a voice.
So how do we want to tackle these challenges?
We wanted to organize a forum both among lawyers and other young professionals. We wanted to have some time to exchange and get to know each other. We wanted to have some time to be inspired by interesting and though provoking presentations on the challenges of tomorrow and the opportunities they will provide.
You can find our live tweet of the event on@ArendtMedernach