The decentralization of law pursued by Legal Tech startups has broad repercussions for the legal profession, the first of which is that existing legal services are rendered increasingly irrelevant or are replaced outright by Legal Tech.
Source quote, verbatim
The decentralization of law that is a central part of the startup companies' purpose and that disrupts existing legal practices has broad repercussions for the legal profession. First, existing legal services are rendered increasingly irrelevant or are replaced by Legal Tech.
From
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017), II. Legal Tech's Disruptive Legal Innovation, p. 12 https://ssrn.com/abstract=2939127 · source PDF
Cite as
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127
Holds when
legal services amenable to online delivery, matching, AI review, or blockchain settlement
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