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.
The Ministry of Justice has injected £2m into boosting the development of lawtech via a government-funded network that backs tech start-ups.
Enhancing access to justice appears to be ancillary to the court modernisation programme rather than its central goal, MPs warned yesterday.
The EU is pumping in £4m to fund an innovation lab at a south Wales law school which will carry out research into artificial intelligence and other legal tech innovations.
Despite all of its advantages by way of ease and efficiency in a digital world, storing data within the cloud does not come without risks. Firms have to ensure they are safeguarded from a potentially disastrous loss.