Discover and read the best of Twitter Threads about #legaltech

Most recents (6)

I got interested in #legaltech after reading "Tomorrow's Lawyers" by @richardsusskind. In it, Susskind predicts what will happen to the legal industry over the next 20 years, but I wanted to know what people were working on *now*. Everyone I met said “Go to @wearelegalgeek”...
So I went to @wearelegalgeek! I attended all 3 days, and these are some thoughts on Day 1 from an outsider's perspective :). Also, I'm wrong frequently, so please feel free to call me out when you think I said something stupid :) (go easy on the company list I was movin fast)
Day 1 seemed to run like a normal conference (the few I've been to), with speakers, demos and corporate booths happening everywhere. Instead of listening to the awesome lineup of speakers ... I decided to talk to every company I possibly could lol:
Read 23 tweets
@NorthwesternLaw presents "EY Law Point of View: The Legal Market of the Future" with Dr. Cornelius Grossmann, @EY_Law's Global Law Leader.
Dr. Grossmann says "EY is not a law firm" but it is seeking to provide legal- related services.
"If you do work in the third tier, you're in trouble. Why? Because there's a new fourth tier" in which ALSPs (aka #lawcompanies) are starting to provide more affordable services.
Dr. Grossmann says the #biglaw firms in Tier 1 are fighting each other at the top of the market.
"The first tier is fantastic for education. It's not necessarily a fantastic life that you have there."
You can make as much if not more money in the 4th tier, he adds.

Read 24 tweets
The question for the #ethereum community is, how do we do #defi without creating another ICO boom and bust like #YOLO situation... IMO the main cause of current eth/btc price being out of whack with the immense technical progress in and around eth over the last two years.
#bitcoin is overpriced because there's been very little technological progress. But finance isn't just about technology. It's also about trust. #bitcoin is overpriced vs better tech including #ethereum BECAUSE nothing changes, same as the UK and US high street banks.
Finance isn't the best space to move fast and break things. Alright it isn't health care or space flights and #innovation is never risk free but its important for the community to call out things that don't make sense…?
Read 31 tweets
@christianllang Great question. Very open-ended, requires white space thinking. 🤔

Also very design thinking-y ✨ how might we capture, in a system of record, legal events oriented around value delivered?

⚠️ Impromptu mini ⛈️⚠️

(but first the source post)
@christianllang 1/ first assertion: traditional time-and-billing systems largely fail to meet the challenge, bc they are more akin to accounting records than records of legal events. here is a great post on the distinction (billing 💸 event vs legal ⚖️ event)…
@christianllang 2/ above post also IDs problems w the notion that "the atomic unit" of legal svcs is THE MATTER. sounds good in theory but in reality doesn't work so well. can attest to this personally after reviewing $8m+ pro forma in 12m & recoding/reorganizing time+matters for billing 😩😱🤬
Read 22 tweets
.@mchartung in Wien über Probleme der Juristenausbildung: „Lawyers learn much about law, but nothing about lawyering.“
„Wir können nicht Zukunft - wir können nicht sagen, was morgen sein wird. Wir denken immer nur Heute+.“ @mchartung @bucerius_law
„Kanzleistrategien sind oft wie Maginot-Linie - wir verteidigen uns gegen die Gefahren der Vergangenheit.“ @mchartung @bucerius_law
Read 21 tweets
A brief thread on a new feature we've rolled out at @vizlegal that we're particularly proud of! Apologies to any non legal types (but techies might like it too!).
One complaint we've heard over and over again from Irish legal practitioners is trouble with court rules. "Messy", "difficult", "might be out of date" and some more choice words have been used to describe them..
So Irish court rules are bit like the CPRs in England & Wales. They're the legal basis/rules for how practitioners interact with the courts. In Ireland they are based on Statutory Instruments that stretch back to at least 1986.
Read 15 tweets

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