entity · derived
Legal profession
Derived node: assembled mechanically from the claims carrying legal-profession. A roster, not an adjudicated definition.
Every claim under this term
- 617681-019 : European lawyers may advise clients to incorporate at home simply because those lawyers do not want to deal with the courts and lawyers of another Member State, which suppresses cross border incorpora
- 2939127-002 : Disruptive innovation in law renders obsolete many and probably most of the traditional legal skills and characteristics that law schools currently cultivate.
- 2939127-003 : Even the law firms that are best at finding innovative solutions for clients remain reluctant to fully adopt Legal Tech innovations, so quality of client service does not predict willingness to adopt.
- 2939127-010 : Legal Tech startups will force the legal profession to innovate perpetually, a demand that overextended and cumbersome legal organizations which have lost the capacity for agile reinvention cannot eas
- 2939127-013 : The counseling, deal making, matchmaking, gatekeeping, and enforcement roles historically performed by lawyers are increasingly performed by technology, and blockchain technology and smart contracting
- 2939127-015 : Intermediaries, lawyers among them, are replaced by code, connectivity, crowd, and collaboration.
- 2939127-025 : Contrary to the widespread belief among legal professionals that code can only handle very simple transactions, blockchain enabled smart contracts generally do not require legal involvement across the
- 2939127-036 : Most lawyers and law industry representatives underestimate the implications of emerging Legal Tech.
- 3071378-003 : Because the public blockchain is public and immutable, the technology increases transparency while significantly reducing transaction costs, and intermediaries including lawyers are replaced by code,
- 3227967-002 : Lawyers have historically been most effective and most socially useful when acting as transaction engineers who facilitate new business and social relationships, and the engineering of the near future
- 3227967-007 : A transaction engineer is a crucial intermediary who brings together, in a safe environment, parties holding different but mutually compatible interests and expertise.
- 3227967-008 : Lawyers have often failed to perform the function of active transaction engineer and have instead become a hindrance or obstacle to transactions.
- 3227967-009 : The major cause of lawyers obstructing transactions is the tendency to standardize or proceduralize legal solutions and to use standard form templates, because fixed standardized solutions imposed on
- 3227967-010 : The result of this pattern is reputational: lawyers have developed a reputation as the least trusted of professions.
- 3227967-011 : Legal tech will profoundly disrupt the legal profession, and because these technologies are code based, lawyers must be able to understand and talk about code in order to participate in designing them
- 3227967-013 : Junior legal professionals and legal support staff are the first casualties of the Legal Tech evolution, because applications will soon perform most junior lawyer work without the human elements that
- 3227967-015 : Contrary to commentators who predict the end of lawyers, the authors reject that claim but hold that lawyers of the future can only function as effective transaction engineers if they understand the p
- 3227967-016 : Lawyers of the future will need to act as project managers or at least as active participants in the multi-disciplinary teams that design the solutions and transactions of the future.
- 3227967-041 : If standardized legal work and legal research can be performed by algorithms, the result is an opportunity rather than a threat, because it frees lawyer time for assisting clients with the new and ver
- 3411897-016 : RegLegalTech startups will force the legal profession to innovate, but that task is not easily accomplished by overextended and cumbersome legal organizations that have lost the capacity for agile rei
- 6421319-038 : The legal profession faces a structural problem that incremental reform cannot solve, because its obsolescence curve is steeper than the curriculum adaptation curve.