Page 42 - BusinessWest May 13, 2024
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 pipeline at MBK is an internship pro- gram, D’Agostino went on, adding that the firm has four or five interns that come on board annually, and maybe one or two of these will join the firm when they graduate.
“That’s a way to introduce students to the work they will be doing and get them into our firm,” he said. “And we have a pretty good success rate.”
Despite this success, workforce issues will continue into the future, said those we spoke with, creating a greater reliance on technology, auto- mation, and, increasingly, AI to get the work done, leaving accountants with more time to do analysis and
“There are routine tasks that will get taken over by AI, such as data entry, which can be automated to some extent. And that provides the time and the tools to analyze data for clients much better. Rather than spending your time keying in data, you’re taking a hard look at it and understanding what those numbers are telling you.”
are telling you.”
Bottom Line
When asked to look ahead and proj- ect what might happen next within the legal sector, Royal started by saying that, if she was asked that question 25 years ago, she could not possibly have predicted what her world would like today.
That’s a world where most meet- ings are conducted by Zoom, where lawyers and accountants work remote- ly in some cases and wear jeans to work when they’re not in court or vis- iting clients, where the office phone doesn’t ring nearly as much, and where clients’ names come up on cell- phones at 10 p.m. — and even 3 a.m.
This is the new reality for those in professional services, she said, joking that maybe what will come next is a shift back to the way things were.
That is certainly not likely. What is likely is that law libraries and those old-fashioned adding machines will become more obsolete and more office decoration than anything else. BW
consulting.
“There are routine tasks that will
get taken over by AI, such as data entry, which can be automated to some extent,” Leary said. “And that
provides the time and the tools to ana- lyze data for clients much better. Rath- er than spending your time keying in data, you’re taking a hard look at it and understanding what those numbers
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