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LexTalk World Talk Show with Kyle Wright, Director at Ark Consult Ltd



Kyle, through 20 years of experience has contributed to the success of global consultancies and corporations under multiple jurisdictions and VUCA environments.


His main legal focus is corporate and commercial (incl supply chain and procurement) contracting under English, Saudi, and UAE law, regulatory and economic sanctions compliance, legal operations, and legal technology transformation.


He is an advocate for the advancement of legal tech and harnessing the power of AI for more efficient, effective, and accessible legal and contract management systems.


Interview:


Host: How would you like to contribute towards the future development and innovations for the industry with the help of your work?


Kyle: The future is so wide, and there is a mass of opportunities to improve efficiencies in time and spending. I see the ability to contribute to bringing innovation and technology to clients, I see the opportunity to improve legal operations with data-driven decision-making, and I see the opportunity for better compliance, whether from a contractual, legal, or regulatory vantage. As we take advantage of these opportunities, we improve our work outputs and become smarter with our inputs, especially our time, and our money. As we improve our time allocation, we improve our quality of life, our family time, and our health.


Host: What do you think regarding the use of technology and how much of impact is it going to create in terms of the industry and future businesses?


Kyle: I think that in the field of legal operations transformation and compliance their technology through the use of technology will see an impact, whether, through process improvement or automation, there will be efficiencies created freeing up time from business as usual or transactional repetitive activities. Technology can create a mass of data, which is as some say, the new gold or oil, data will without a doubt when used correctly help future businesses by giving better insights that will improve decision-making, although there will always be the need for the human heart and mind.


Host: What would be your overall suggestions and plans for a complete development of the legal fraternity at all angles especially from the standpoint of your current profession?


Kyle: It's simple, it is better to partner with the technology disruption, not all disruptions are negative, embrace it, and go with it. I would encourage law firms and in-house teams to upskill, educate and develop in the legal tech field, learn the terminology, and widen their knowledge. Encourage lawyers to accept that legal teams need "non-legals" in their teams.


There are so many legal tech startups out there with great ideas that can help, this is the time to collaborate and partner with these companies, they can help you grow, just as much as you can help them grow. This extends to other partners that can drive innovation, other law firms, universities, and so on.


Host: In the era of legal technology, what are the most commonly used tools for you?


Kyle: Going back to the originals, Legal Research Tools (Practical Law), then the communication and collaboration tools like teams.


As tech has developed, I have and have seen deployed in other locations, document management software and contract management software, most of which has been bespoke rather than off the shelf. There is a big advantage to adopting these types of software irrespective of being off the shelf or bespoke, through efficiencies in speed, management, approval, and so on.


These tools are here to stay and will improve, becoming an essential part of the legal professional's toolbox.


Host: Time is money in any profession and in legal it's most of all. How do you ensure to make the best of your time as a lawyer.


Kyle: I am a firm believer that you can always make another dollar, but you cannot make another minute. As the cliché says, "time is our most important asset", we cannot get back lost time, we all have the same amount of time each day, and how we use it, ultimately determines the quality of our lives. Everyone has different goals, different values, and different responsibilities. Time is what we trade for learning, growing, maintaining relationships, our health, and so on. Everything must be in balance, and we need to use the tools available to ensure this balance is maintained.


I have my efficiency habits which help ensure I achieve the most efficient use of my time, this includes prioritizing, technology use, delegation/outsourcing, and zero distraction times.

 
 

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