Lawyers’ devotion to billable hour has stopped truly disruptive technology from changing the way legal services are delivered to the public, last week’s Legal Futures Innovation Conference was told.
Arbitration and online dispute resolution should be used when there are disputes about smart contracts, the Chancellor of the High Court has said.
The head of the Criminal Bar Association has outlined her “grave concerns” about algorithmic technology that is being used in the justice system without adequate regulation.
Blockchain and smart contracts were given a major boost yesterday, when the expert panel charged with giving the technology legal certainty declared they should be treated in principal as property.
A Supreme Court justice has called for the creation of an expert commission to act as “a sort of independent regulator” of algorithms, staffed by coding technicians, with lawyers and ethicists.
The Chancellor of the High Court has urged commercial lawyers to prepare for the disruptive impact of technology on the law, the legal system and legal profession before others “steal a march” on them.
Professor Richard Susskind has called for the development of a “standard, adaptable, global platform for online courts” that can be rolled out to fortify access to justice around the world.
The vast majority of major law firms still have significant unaddressed cyber-risk, despite repeated urging by regulators, insurers and others to shore up their defences, according to new research.
A niche alternative business structure working with companies that build the global infrastructure of technology has used it to take on external funding and non-lawyers who can help the business grow.
The government’s court modernisation programme may not be completed by the deadline of 2023, the House of Commons public accounts committee has warned.