Choice point: Tackle this law firm profit problem or go for a surf

Remaking News of the Week: BigLaw firms diverge over entering legal tech market

Today Remaking News of the Week features a piece on BigLaw firm differences over entering the legal tech market. I’d phrased issue more as a question of ‘Whether’ or ‘How’? Here are snippets with the link to the full piece at the end. In my opinion, every BigLaw firm needs to have a view on this issue. 

Map of fundamental technologies in legal services

Dialogue is pleased to publish Map of fundamental technologies in legal services by Michelle Mahoney, Executive Director of Innovation with King & Wood Mallesons. It’s a valuable contribution and educational resource, not least because to my knowledge, this map is the only one of its kind. Readers’ views on the Map’s utility and ways to improve it are invited.  

The key benefit of the Map is its helicopter view of the ‘big four’ technologies – AI, blockchain, enterprise systems (i.e. databases) and pre-programmed code – and their many applications in legal services, e.g. document automation, expertise automation, legal research, matter management, all aspects of practice and client management, due diligence and e-discovery.

The need for a map came to light in preparing learning resources for the Fundamental Technologies Shaping Legal Services subject in the College of Law’s Master In Legal Business. 

Fundamental Technologies Shaping Legal Services

Fundamental Technologies Shaping Legal Services is a fully-online subject in the ground-breaking Master in Legal Business offered by the College of Law in Australia.

Early enrolments have come from Tel Aviv, London, Cape Town, Glasgow, Auckland and all parts of Australia, reflecting the global appeal of the subject and the online delivery platform.

Lawyers should be playing in the sandbox

Law Firms are Inefficiency Factories, Automation is the Cure

Richard Tromans writes “There may be a more indirect way of saying this, but perhaps it is better to simply say it like it is: law firms are inefficiency factories and automation is the cure“. Styling himself as a legal industrialist, Richard is an agent provocateur in the best sense of the term – legal services need more Richards who are willing to speak out. Bravo!