Prolawgue

Tune in for the latest opportunities, events and news for March 2024. Our monthly newsletter captures: 📢 Resources of the Month 📖 📢News of the Month 📢Events of the Month 📖Article of the Month .... and much more! #legaltech #newsletter #monthly #events #news #opportunities #legalops #legaldesign

8 things #legaltech can learn from #healthtech Stumbled upon this very interesting article by Edward Bukstel that looks to the similarities between digital healthcare and #legaltech (link in comments). Here's my take on the key takeaways: 1. Leveling the Information Playing Field (Reduce Information Asymmetry) Legal tech and digital health are working to bridge the knowledge gap between professionals and their clients/patients. This follows the basic economic idea that markets work best when everyone's well-informed. By making info and ratings more accessible, these technologies help consumers make smarter choices. 2. Cutting Down on Hassle and Costs (Transaction Cost Reduction; See Coase Theorem) By combining scheduling, document handling, and communication tools, both sectors are making things simpler and cheaper. This fits with Ronald Coase's ideas about how technology can lower the costs of doing business and potentially change how industries are structured. 3. The More, the Merrier (Leveraging Network Effect) Platforms like Avvo and Zocdoc use the power of crowds. In digital economics, this is called network effects. As more people use these platforms, they become more valuable for everyone, creating a positive feedback loop of growth and usefulness. 4. Shaking Up the Middlemen (Disintermediation and Reintermediation; See Creative Destruction) These technologies are changing who does what in legal and health services. It's like creative destruction in action - new tech disrupts the old way of doing things but also opens up new possibilities and roles. 5. Making Decisions Based on Data The move to digital platforms means more data can be collected and analyzed. This fits with the scientific approach of basing decisions on evidence, leading to more fact-based practices in both law and healthcare. 6. Tailoring Services to Individuals (Read Client Centered Law Firm by Jack Newton, CEO Clio - Cloud-Based Legal Technology) The trend towards personalized client portals and services is about maximizing value for each person. By offering custom-fit services, these technologies aim to give each client or patient exactly what they need. 7. The Challenge of Making Everything Work Together (See System Thinking and System Change; Read Thinking in Systems) The article points out the difficulties healthcare has had with getting different systems to communicate. This is a heads-up for legal tech about the importance of thinking about how all the parts of a system need to work together. 8. Managing the Shift to New Tech (Read Diffusion Theory; Legal Evolution) The different speeds at which people adopt new technologies reflects the theory of how innovations spread. Understanding what makes people embrace or resist new tech is key to successfully bringing these changes into traditional fields like law and healthcare.

Why You Shouldn't Miss "Running Legal Function as a Business" On September 21st at 11 AM, join Balanand Menon and Vaishali Gopal as they share key strategies to transform your legal department into a business driver. Here’s why this session matters: Realign with the C-suite: Over 60% of legal departments are out of sync with executive priorities. Learn how to bridge that gap. Cut rising costs: 85% struggle with external counsel expenses. Find out how to optimize your budget. Embrace technology: Overcome barriers to AI and tech adoption to boost efficiency. Sign up now and get ahead in the game! https://lnkd.in/gFxgEwjU

Observations from Teaching "Access to Justice through Legal Tech" at National Academy of Legal Studies & Research (NALSAR) University Hyderabad As we reach the last day of the course, I look back to what I’ve learnt the past week thinking more about the intersection of law, justice and technology. 1. The Triad: Problem, Solution, and Commerciality A2J through Legal Tech requires balancing social impact, economic viability, and scalability. While initial implementation costs may be high, tech solutions offer long-term benefits in reach and efficiency. As these solutions scale, we anticipate a democratization of legal services, potentially disrupting traditional models and improving accessibility. Do look to how Glific OpenNyAI Gavel jhana are operating in this space. 2. Systems Thinking in Legal Innovation The legal system is a complex, adaptive network where changes in one area ripple throughout (see JB Ruhl’s work for more). This necessitates a holistic approach to A2J solutions. Innovations may lead to unexpected shifts in legal practices, altering traditional professional roles and requiring adaptability from practitioners. 3. Democratization of Legal Tech Current state of tech, especially emerging technologies like LLMs and GPTs are democratizing A2J solution creation. This empowers individuals to build impactful baseline tech, potentially disrupting service delivery. While this opens doors for innovation, it also raises questions about quality control and the role of legal expertise in tech development. 4. Bridging Law and Entrepreneurship Integrating entrepreneurship education with legal studies creates versatile professionals equipped for the evolving legal landscape. This interdisciplinary approach fosters innovation in addressing A2J needs and prepares future lawyers to navigate both legal and business realms effectively. (One of our well received sessions was building and scaling LegalTech solutions run by my co-instructor, Devarsh Saraf 😀)

🚀 Exciting Announcement! 🚀 I'm thrilled to invite you all to our upcoming LinkedIn Live session, "Legal Design in the Indian Landscape"! Join us for a deep dive into the innovative world of legal design and its transformative impact on the Indian legal landscape. 🌍🔍 📅 Mark your calendars for Tuesday, July 9th, 2024 🕔 Time: 5:00 PM CET | 8:30 PM IST Our panel includes: Kanan Dhru - Senior Lecturer, Legal Technology at De Haagse Hogeschool / The Hague University of Applied Sciences Netherlands | Co-Founder of Lawtoons Shreya Vajpei - Board of Advisors (Innovation) at Global LegalTech Hub / GLTH | Chief Ecosystem Officer at Indian LegalTech Network (ILTN) Gunjan Saxena - Assistant Dean at Vinayaka Mission's Law School (VMLS) Mission's Law School| Co-Founder of Legal Design Arc Karol Valencia - Design Ops & Legal Design Lead WOW Legal Experience | Director of CISL | Lecturer in different universities As the moderator of this session, I will guide us through thought-provoking discussions, shedding light on the latest trends and innovations in legal design within the Indian context. 🌟🚀 Don't miss this opportunity to attend a lively and informative session where you'll have the chance to interact with thought leaders, ask questions, and gain valuable insights. 💬💡 🔗 Join us live on LinkedIn for an unforgettable session: https://lnkd.in/gc-Zzc7u #IndianLegalTech #FutureOfLaw #LegalInnovation #lawstudents #csstudents Looking forward to seeing you there and hearing your thoughts! 🌐💬

Get ready for a legal revolution! 🚀 AI-powered copilots and custom GPTs are transforming the legal industry, from automating tasks to providing expert support. 💼 In the next 12-18 months, legal teams will rely on these tech marvels for FAQs, policy research, templates, and compliance. For more details, visit the link in the comments below! #Prolawgue #legalinnovation #AIinLaw #LegalTech #AIRevolution 🤖

Disruption is the new normal in legal;. in-house teams sleepwalking into this shakeup will get left behind. "The Great Legal Shake-Up" is your wake-up call to the tech, talent and client revolutions remaking the industry now. The old playbook is obsolete. Reinvent your legal department's game before change forces your hand. Vaishali Gopal

🚀 Calling Everyone in the Bengaluru LegalTech Scene! 🚀 Get ready for an evening about everything #legaltech right here in Bengaluru! 🌆 🎉 Why You Can’t Miss Out: Network with pioneers and innovators in the LegalTech field 🤝 Exchange ideas and stories that could shape the future of legal technology 💡 Discover collaborations that could kickstart your next big project 🚀 👥 Limited Spaces Available! Don’t miss your chance to be part of this exclusive gathering. ✅ Sign Up Here Now: https://lnkd.in/dmQykwHM 📣 Already expressed your interest? Keep an eye on your inbox; confirmations will be rolling out shortly! Let’s make it an evening of meaningful conversations, potential collaborations, and a whole lot of fun. Can’t wait to see you there! 🎈 #Bengaluru #Networking #Innovation #LegalTechMeetup

Join Jan Roggen, Tom Mespreuve, and myself for a chat on how Deloitte Legal is making the most of AI and automation in legal drafting!

We know you’re overwhelmed; but you’ll continue to be till you put some processes in place !