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Four Areas of Legal Ripe for Automation Automating these aspects of legal practice wouldn't disrupt the way that industry functions. It would just make a lot of paralegals and young lawyers obsolete (and make legal services a lot cheaper).
The article mentions some interesting things, but I have a few quibbles: > But even with today’s modern communication tools, both customer experience and lawyer workflow have remained stagnant. At a large firm, legal practice is unrecognizable compared to even 10-15 years ago. Everything is electronic: filing and docketing, document collection/scanning/OCR, legal research, document management (DMS + version control).…
One lawyer I talk to says that every single filing he makes at court has to be paper. He bought a wheely suitcase to carry all this documentation around to court. If everything is electronic, his firm and the judges they deal with didn't get the message...
The article mentions some interesting things, but I have a few quibbles: > But even with today’s modern communication tools, both customer experience and lawyer workflow have remained stagnant. At a large firm, legal practice is unrecognizable compared to even 10-15 years ago. Everything is electronic: filing and docketing, document collection/scanning/OCR, legal research, document management (DMS + version control).…
Or, software is maybe too good, but law firms that bill by the hour are not interested in efficiency improvements because more hours means more money for them. Fortunately, with fixed fees becoming more popular this is changing.
The article mentions some interesting things, but I have a few quibbles: > But even with today’s modern communication tools, both customer experience and lawyer workflow have remained stagnant. At a large firm, legal practice is unrecognizable compared to even 10-15 years ago. Everything is electronic: filing and docketing, document collection/scanning/OCR, legal research, document management (DMS + version control).…
One lawyer I talk to says that every single filing he makes at court has to be paper. He bought a wheely suitcase to carry all this documentation around to court. If everything is electronic, his firm and the judges they deal with didn't get the message...
I'd be interested in seeing an IDE for contract drafting. Or something like an Excel mapper that can show me how all the provisions and definitions in a contract are interrelated.
The article mentions some interesting things, but I have a few quibbles: > But even with today’s modern communication tools, both customer experience and lawyer workflow have remained stagnant. At a large firm, legal practice is unrecognizable compared to even 10-15 years ago. Everything is electronic: filing and docketing, document collection/scanning/OCR, legal research, document management (DMS + version control).…
One lawyer I talk to says that every single filing he makes at court has to be paper. He bought a wheely suitcase to carry all this documentation around to court. If everything is electronic, his firm and the judges they deal with didn't get the message...
I'd be interested in seeing an IDE for contract drafting. Or something like an Excel mapper that can show me how all the provisions and definitions in a contract are interrelated.
Earlier quoted context omitted.
Doesn't look like it. Perhaps you'd like to fill us in on it? If my guess of what it sounds like is anything what it actually is, then I'd be really curious about knowing more.
You can use a bitcoin-like system to build an agent that holds money in escrow and then automatically delivers it when a condition is met[1]. This is the simplest form of a "Smart Contract." Most contracts are credible because their terms can be enforced by sanctioned violence. "Smart Contracts" are credible because they are enforced by distributed verifiable cryptographically-secure automation. [1] For example, when…
Earlier quoted context omitted.
You can use a bitcoin-like system to build an agent that holds money in escrow and then automatically delivers it when a condition is met[1]. This is the simplest form of a "Smart Contract." Most contracts are credible because their terms can be enforced by sanctioned violence. "Smart Contracts" are credible because they are enforced by distributed verifiable cryptographically-secure automation. [1] For example, when…
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Smart contract systems are based on cryptographic signatures and chains of transactions (Merkle Directed Acyclic Graph). Instead of contracts being spread across many different databases with many different kinds of authentication mechanisms, they would all be in one format and they would all link to each other in a provable way. This could be an entirely centralized system and still have the same benefits.
However, using a Bitcoin-like system with decentralized trust removes even more of the legal overhead as many contracts can be entered in to and settled without the participants even needing to know who they're dealing with.
At the very least we should at least be moving to a Merkle DAG based system of contracts, centralized or not!