The Transformation is inevitable: in the lead-up to Skolkovo LegalTech. BlackEdition experts discussed a new role of the lawyer
The last ten years of society’s development were highly influenced by digital technologies which penetrated all spheres of human activity, reshaping many familiar business processes and radically changing the labor market. Some professions have disappeared – no one longer needs the operational staff of phone operators when this work can be performed by an intellectual answering machine with functions of speech recognition, recordings of conversation monitoring, analysis of client behavior and other CRM-based tricks.
Global digitalization has made it much easier to perform many routine tasks, enabling human resources to reach their full potential. The skill requirements for professionals in many traditional spheres have changed dramatically. Such traditionally conservative sphere as a law has not been left out of progress. The increasing integration of technologies into legal systems enables business to reconsider the role of the lawyer and his or her competence within this modern reality.
In the lead-up to the major conference on legal innovation Skolkovo LegalTech. BlackEdition the event participants and experts tell us how the legal profession is being transformed with LegalTech.
Innovative technologies have become a driver for new expectations from the lawyer. The desire to delegate all routine work to technologies and focus on the customer’s experience management enables top managers of law departments and consulting companies to introduce new positions and acquire new non-major business skills, says Anton Pronin, Director of Legal Technologies Acceleration at the Skolkovo Foundation and conference ideologist.
The main theme of the conference is “a lawyer as a business partner and your strategic advantage.” Entrepreneurs are going to talk about their expectations from a new role of the lawyer while the latter discuss how this new situation affects business processes, roles and technologies. Legal innovations have become new business models for the entire industry. This is not another hype around emerging technologies.”
Anna Kostyra, Managing Partner of Deloitte Legal in the CIS countries, said that the perception of the legal professional has changed in its traditional meaning although the law does not easily for digitalization, taking into account a sufficiently high degree of Intellectual Involvement on a variety of issues.
“FinTech has already largely replaced a man. A legal role is now much more difficult to automate, this is not mathematics. For this reason, legal profession is more protected. I believe that we are going to have two types of lawyers in the future: lawyers-methodologies and lawyers in the purest form of this profession. We have to take it as face value.
10 years ago I could not even imagine that I would be doing what I’m doing at the moment! On top of it, I can see how legal profession in consulting has changed, which legal conclusions we wrote previously and what we write at the moment. The legal profession is by far the most conservative, but even this profession is to face the digital transformation.
Tobias Heining, President of the European LegalTech Association (ELTA), in his turn, being supported his Russian colleague, stating the radical changes that have taken place in the industry over the past ten years.
“We could not think of some aspects of Legal Tech which we now see as perfectly normal. Not everyone believed at that time that technologies could affect the legal segment. Today, LegalTech is an individual segment to occupy its individual niche,” says Heining. The expert says that this transformation has not always been visible for the ordinary market participants, today we see an active growth of startups powered by Legal Tech and startup investments.
It is obvious that new realities of profession now require a respective competent training of professionals. Ari Kaplan, an attorney and legal industry analyst, is an inaugural Fastcase 50 honoree, a fellow of the College of Law Practice Management, and a finalist for the International Legal Technology Association’s Thought Leader of the Year award, gave us a comment on his extensive survey for New York legal school, established to determine promising professional segments for the students.
“We’ve interviewed directors of law firms, corporate lawyers, alternative legal service providers, professors of law departments and industrial engineers. It turned out that CEOs of the companies would rather prefer their junior partner to have experience in conducting in-depth legal research (68%), working with electronic content detection and analyzing high-tech solutions (67%), cybersecurity (65%), as well as selecting and applying LegalTech (56%),” says Kaplan. He stressed that employees of law firms believe that the best way to train new employees to the market changes is teaching them about possible applications of technologies outside legal context.
Skolkovo LegalTech conference. BlackEdition will be held on November 29 at the Skolkovo Innovation Center, bringing together key players of LegalTech communities from around the world. Experts will share their experiences in technology implementation and successful transformation of business processes, discuss trends in the legal market in Russia and abroad as well as answer the main question: what is he like, a lawyer in the era of LegalTech?