Queen Elizabeth II has now sat on the throne for 70 years—a milestone celebrated across the United Kingdom and the Commonwealth this past weekend. Much has changed in those seven decades. And as the world now contends with war, inflation, a looming recession and lingering challenges from the global COVID-19 pandemic, it is perhaps worth asking, where will we be—and where will your law firm be—70 years from now?
Law firms are notoriously slow to change, but these days you’d be hard-pressed to find a firm that does not profess to embrace innovation. Some are more successful than others, but most understand that to guarantee longevity and be successful in a highly competitive industry like the law, innovation is key.
Of course, innovation does not follow a straight line and mistakes are more common than most like to admit. That’s what Jessica Seah discovered when reporting her fascinating story about the recent $40 billion crash of Terra Luna, the stablecoin that lost its peg to the dollar last month, causing investors to lose millions of dollars.
The crypto industry is angry and lawsuits are coming, Jess writes, although it’s unclear whether investors will have much recourse in what remains