Het advocatenbureau Monard Law sluit de handen in elkaar met KBC om ondernemers juridisch advies te verlenen via de mobiele app van de bank en verzekeraar. ‘Lang niet iedereen beschikt over een bedrijfsjurist. Dit werkt drempelverlagend.’

Digitisation and a focus on more subjective business goals have made the act of measuring value a moveable feast. Yet there is no doubt that technology can enhance this process.

In the latest article in “Practice Innovations”, we look at Archangels of Innovation, those individuals within law firms who push new ways of working.

Legal tech will help businesses efficiently mitigate their risks. This can be done through more organized and compliant document storage, by using automation to streamline the contract creation process, or by using machine learning to detect potential red flags in complicated bodies of text.

Change has become a ubiquitous, ever-accelerating part of life. It is affecting how we live, work, interact, process information, and the buy/sell dynamic. The legal industry , however, continues to operate as it has for decades. That too will change. Here’s why.

Could Decentralized Autonomous Organizations (DAOs) become the model for future business structures and transform the legal industry in the process?

We’ve seen APIs and consolidation, but the future of legal tech could also be about using a component approach, or what we can call the ‘Iron Man strategy’, i.e. Jarvis (AI tech or other specialised software), the suit (the workflows and product infrastructure), plus the user.

Over a 10-minute conversation I was able to redirect their efforts and set them on a path toward success. Without a “translator” Legal departments buy into solutions or processes, led by Procurement or IT, using misaligned expectations. This is not uncommon.

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