advertisement

What Happens When Robots Join Law Firms

100 %
0 %
advertisement
Information about What Happens When Robots Join Law Firms
Technology

Published on March 13, 2014

Author: goClio

Source: slideshare.net

Description

Technology is increases in reach, power, and simplicity. How should law firms be reacting to tools that can do some of the work traditional done by lawyers?

Joshua Lenon explores this question is his talk for MIT MediaLab's first ever Legal Science Salon.
advertisement

What Happens When Robots Join Law Firms Joshua Lenon Lawyer-in-Residence Clio

JUDGMENT DAY

Computer Prices 2005+ 0.0# 20.0# 40.0# 60.0# 80.0# 100.0# 120.0# 140.0# 160.0# 180.0# 2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014# From#the#Bureau#of#Labor#Sta;s;cs’#Consumer#Price#Index#–#pulled#03/11/2014#

Legal Service Prices 2005+ 0.0# 50.0# 100.0# 150.0# 200.0# 250.0# 2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014# From#the#Bureau#of#Labor#Sta;s;cs’#Producer#Price#Index#J#Legal#Services#–#pulled#03/11/2014#

Compared Prices 2005+ 0.0# 50.0# 100.0# 150.0# 200.0# 250.0# 2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014# Computer# Legal# From#the#Bureau#of#Labor#Sta;s;cs##–#pulled#03/11/2014#

Why does this matter?

Constant Information Growth •  Number of Treaties on File with the UN: 550 •  Number of Pages in the U.S.C.A: 200,000 •  Number of Federal Court Civil Cases Filed Last Year: 271,950 •  Number of Federal Court Civil Cases Terminated: 254,619.

Constant Information Change J20%# J15%# J10%# J5%# 0%# 5%# 10%# 15%# 20%# 25%# 60000# 65000# 70000# 75000# 80000# 85000# 2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# FR#Pages# %#Increase# Source:#Federal#Register#Pages#Published#1936J2012#

Changes in law affect every part of our lives.

It has become impossible for legal professionals to know every relevant aspect of the law

THE FIRST SHOT

Legal is not the only knowledge sector growing.

Medical Information •  Journal articles published last year: 1,113,989 •  Pharmaceutical trials undergone: 162,866 •  Malpractice cases payouts 2012: 12,142

IBM Watson Mines: •  patient data •  treatment guidelines •  Eletronic medical data •  Doctor’s notes •  Clinical studies

Processing Power 0# 100# 200# 300# 400# 500# 600# 2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014#

Technology allows medicine to predict and react from an informed position.

Technology allows medicine to predict and react from an informed position.

ROBOT INVASION

Technology should allow lawyers to predict and react from an informed position.

Processing Power 0# 100# 200# 300# 400# 500# 600# 2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014# CPU# Mind# Computer# Legal# From#the#Bureau#of#Labor#Sta;s;cs##–#pulled#03/11/2014#

Technology to React •  Fastcase’s Bad Law Bot

Robot Invasion •  Expert Trusted Advisor •  Enhanced Practitioner •  Legal Knowledge Engineer •  Legal Process Analyst •  Legal Risk Manager

Predict Rather Than React Source:#Neota#Logic#

Family & Medical Leave •  Rules: – Family Medical Leave Act – State Law •  Factual Variations: 15m •  Questions Asked: 16-25 •  Time: 2-6 minutes User: Corporate Managers Source:#Neota#Logic#

EU Collateral Directive •  Rules: – 21 jurisdictions – 93 types of financial obligations – 10 forms of agreement – 4 types of collateral – 11 types of counterparties – 16 types of financial institutions •  Factual Variations: 13m •  Questions Asked: 8-12 •  Time: 1 minute User: Lawyers Source:#Neota#Logic#

Robots as Investments Embracing technology has reduced the costs of producing bound volumes by 60% and time to dispatch by 80%. Source:#Applying#Con;nuous#Improvement#to#highJend#legal#services,#Clifford#Chance#2014#

POST-INVASION

Reduced Territory Since 2010, more than 20 law firms in Washington, DC have reduced their office space. •  Contracted 270,000 Square Feet •  Backend operations moved out of town Source:#Washington#Post,#March#11,#2014#

Reduced Population Applications to law school have dropped 20% since 2008 Of those students completing law school in 2012, only 56% had long-term, full-time jobs that required Bar passage – i.e. lawyers Law firms are shedding non-professional staff Source:#American#Bar#Assoc.#Sec;on#of#Legal#Educa;on#2012#Law#Graduate#Employment#Data#

Reduced Trade •  Business steering work away from law firms – In-house legal departments hiring technology vendors over law firms for discovery •  Consumers unable to afford traditional legal services – Average person must work 7-10 hours to pay for 1 hour of lawyer’s time Source:#Gartner#Legal#IT#2020#Scenario## #

CONCLUSION

Robots will not replace Lawyers Robots WILL do the work of many traditional lawyer duties, like e-discovery & compliance. Law firms that embrace robot colleagues will have a competitive advantage Lawyers that can build robots will be in demand

Thank You Joshua Lenon joshua@goclio.com @JoshuaLenon Linkedin.com/in/joshualenon

Image#by#Richard#Stevens,#creator#of#Diesel#Swee;es,#used#without#permission.##

Add a comment

Related presentations

Presentación que realice en el Evento Nacional de Gobierno Abierto, realizado los ...

In this presentation we will describe our experience developing with a highly dyna...

Presentation to the LITA Forum 7th November 2014 Albuquerque, NM

Un recorrido por los cambios que nos generará el wearabletech en el futuro

Um paralelo entre as novidades & mercado em Wearable Computing e Tecnologias Assis...

Microsoft finally joins the smartwatch and fitness tracker game by introducing the...

Related pages

The Myth of the Three Laws of Robotics – Why We Can’t ...

... robots or AI computers cannot. The Three Laws of ... join and love it. As with the Evil Robots, ... Three_Laws_of_Robotics#Zeroth_Law ...
Read more

Robots May Drive Lawyers To Extinction By 2030 | UPROXX |

Anybody who’s dealt with the legal system is probably imagining Terminators herding entire firms ... happens when you give a robot ... law firms can be ...
Read more

What happens when the robots (peacefully) take over ...

What happens when the robots ... Some guy or some firm ... I don't see how a robotic laborforce equals robots taking over. If robots take over they ...
Read more

Law Firms Changes: The Ethical Obligations When Lawyers ...

Law Firms Changes: The Ethical Obligations ... of an attorney is a joint letter from the firm and ... address what happens when a partner leaves the firm:
Read more

Breaking Up Is Hard to Do: Ethics Concerns When Your Firm ...

One partner intends to retire in six months while a second partner is contemplating leaving to join another firm ... departing lawyer or the law firm ...
Read more

Robot Law – Slaw - Slaw – Canada’s Online Legal Magazine

Robot Law . by ... of some of the interesting questions that have been asked about robots and the law in that ... hasten to join the ...
Read more

Podcast #32: Sonia Miller Van Oort's Non-Traditional Law Firm

What does a law firm look like ... your law-firm policy. What Happens When Your ... and small-firm lawyers in the world. Join the Lawyerist ...
Read more

The End of Moore’s Law: A Love Story | TechCrunch

... where he led the firm’s ... Moore’s Law drove the train of ... what would actually happen in a real 1 on 1 contest ...
Read more

What Happens If Your Summer Associate Firm Doesn't Want ...

... happens when law students don't get offers from their summer associate firms. Here's what happens when law students don't get offers from ...
Read more