What UHNW Individuals Should Expect From Attorneys In Next Five Years

Matthew Erskine

12 June 2025

The following article comes from a regular contributor to this publication, Matthew Erskine. He is a member of this news service’s editorial board and a lawyer and expert on issues relating to private clients. The editors are pleased to share these views. The usual editorial disclaimers apply. To comment, email tom.burroughes@wealthbriefing.com and amanda.cheesley@clearviewpublishing.com

The legal industry is experiencing unprecedented transformation, driven by technological innovation, changing client expectations, and evolving regulatory landscapes. For ultra-high net worth individuals and their advisors, understanding these changes is essential for effective wealth management and preservation. While the recent 2024 Clio Legal Trends Report highlights significant developments in AI adoption and billing models . These systems help identify:
- Potential regulatory conflicts across jurisdictions
- Early warning signs of compliance issues
- Opportunities for tax optimization and risk mitigation

2. Predictive analytics and strategic planning
The International Legal Technology Association (ILTA) reports that 73 per cent of large law firms are now using predictive analytics tools : Legal Executive Institute Market Report 2024 (Thomson Reuters)
: International Bar Association Global Legal Services Report 2024, https://www.ibanet.org/reports/global-legal-services-2024