Matthew Kellett speaks to The Lawyer ahead of his panel discussion at the In-house Financial Services conference about the need for greater innovation to enable the City of London to stay relevant post Brexit; “I’m an optimist – I think it will seize the opportunity”.
With the increase in the use of automation and AI, which processes should in-house legal teams now be focusing on?
Lots of processes will be susceptible to AI and automation. I think the real challenge is to step back and ask whether you can reimagine the entire legal function given the options AI will bring.
What skills would you include on the legal syllabus to equip prospective lawyers for a career in the financial services sector?
Legal education has to change, it is still organised like it was in the 1970s. Lawyers will need broader skills covering the use of technology, data analytics, as well as broader programme management skills. Will lawyers need to be able to code? I still think it won’t be essential – but it couldn’t hurt.
What is your big prediction for financial services in this new decade?
More disruption as fintechs and the likes grow and seek new products. Greater innovation in the City of London. Brexit means the City will have to innovate to stay ahead and relevant – I’m an optimist – I think it will seize the opportunity.
What has been the highlight of your career?
Too many to mention. Making partner in 1999 was definitely a milestone but building successful teams and watching them grow is the best form of professional satisfaction.