Feeling the pandemic and lockdown blues?
Feeling worried about your career prospects in the apparent global meltdown in today’s market?
What if we tell you, that much of the meltdown is actually a myth?
While many are struggling to find means to sustain, global tech-MNC-s like Tesla, Accenture etc are growing immensely in these times.
The ongoing rapid expansion of the tech-industry, from what the market-pundits say, is here to stay!
This growth is fuelled by the massive ongoing growth of Blockchain, AI, e-commerce and so much more!
- According to Quince Market Insights, the global blockchain in supply chain market has reached an estimated value of USD 375.6 million in 2021 and is projected to grow at a CAGR of 69.5% by 2030.
- Research by PwC and Gateway Digital showed that, by mid-2018, 41% of law firms worldwide were using/using/ planning Blockchain Solutions for transactional legal services, 31% for high-value legal services and 21% for business support.
- According to Markets and Markets, the global AI market value in 2021 is USD 58.3 billion and it is projected to grow at a CAGR of 38.7% to a whopping USD 309.6 billion by 2026!
- According to MarketWatch and Pacific Vector, e-commerce penetration rates are projected to to rise from 15% in 2020 to 25% in 2025.
This stellar growth is leading to a massive upside for tech lawyers. Newer and newer job opportunities are rising for tech lawyers.
An increasing number of law firms, including all top tier ones, are using technological solutions. Knowledge in Tech Law is thus not only useful but is an increasingly essential tool for your career-growth as a lawyer.
It is not just a handful of tech-sectors like Blockchain, AI, IoT and B2B ecommerce that are seeing a massive growth rate.
REGISTER NOW for this FREE ONLINE 3-Day Bootcamp on Building an International Career on Technology Law, 26-28 June, 6-9 PM, IST
Innovations have led to growing use of technology in more conventional sectors like finance, agriculture, energy, smart-cities, environment, e-governance, cyber-grievance-handling and so many more!
Don’t miss out on the breathtaking growth opportunities as a tech lawyer.
Your prospects for career development as a lawyer in the technology industry are lucrative and multiple today!
India has emerged as a market leader in fintech. 84% of the world’s fintech absorption happens in India!
Laws and legal systems are also catching up. For example, in India there are:
- RBI Circular dated 06.04.2018 titled “Prohibition on dealing in Virtual Currencies” prohibits crypto-transactions.
- RBI Notification, also dated 06.04.2018, titled “Storage of Payment System Data” and issued under the Payment and Settlement Systems Act, 2007 regulates payments systems
- RBI Directions, 2017 on P2P Lending Platform regulates P2P fintech
- Section 2(17) of the Integrated Goods and Services Tax Act, 2017, issued by GST Council of India, defines “cloud computing”
- Sections 2(16 and 2(17) of the Consumer Protection Act, 2019, defines “e-commerce” and “electronic service provider” respectively
- A multi-stakeholder task force, chaired by N Chandrasekharan, Chairman, Tata Sons, was set up in February 2018 on strategic implications of AI
As a result, fintech solutions based, e-commerce based and AI-tech companies are frantically looking for lawyers to regulate and grow their operations in the Indian market.
This situation of high demand and low opportunity for tech law skills is being seen worldwide:
- Like the RBI of India, the Federal Reserve of the USA is in broad charge of fintech regulations there.
- The data protection regime worldwide is governed by or modelled after GDPR passed by the EU in 2016
- 2019 was a clinching year for AI-regulations worldwide:
- The OECD Recommendations on AI were adopted in May 2019
- The G20 AI Principles were adopted in June 2019.
- In September 2019 the World Economic Forum issued ten ‘AI Government Procurement Guidelines’.
The net result being, opportunities for technology lawyers are on the rise globally.
Do you not want to make the most of this global growth?
Join our FREE ONLINE 3-Day Bootcamp on Building an International Career in Technology Law, June 26-28, 2021 6-9 PM IST to learn how you can grow as a tech lawyer from industry-experts!
Here, you will learn from the experts how you can acquire the requisite skills to be employed or engaged as a technology lawyer
This bootcamp promises to be your ticket to professional success as a tech lawyer!
And all these, in just 9 hours across 3 days!
Don’t miss this opportunity!
Invite your friends, classmates and colleagues to the FREE 3-day online bootcamp on building an international career in technology law from 26-28 June 2021, 6-9pm IST by sharing this link: https://bit.ly/2T2T9LA
Once registered we recommend you to add the bootcamp to your calendar.
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