FUTURE LAWYERS: HOW TO STAY UP TO DATE WITH THE LEGAL TECH REVOLUTION

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Lawyers should not feel threatened by the exponential growth of new technology and the subsequent social and economic change that it brings. But they should also not deny such change and cling to traditional ways of operating. Instead, they should view new technology as a source of tremendous opportunity and growth. If, as seems likely, machines can reduce standardised legal work, there will be more time for lawyers to assist clients with the new and specific challenges of navigating the complexities of a digital environment. However, to enjoy the benefits of such opportunities, lawyers will need to acquire a new level of literacy in the various basic building blocks of disruptive technologies. In an age of ‘ubiquitous computing’, a crucially important element is code and coding. In this chapter, we argue that lawyers of the future will be ‘transaction engineers’ and that to perform this function effectively, legal professionals will all need to be able to understand the basic concepts and power of coding.

Original languageEnglish
Title of host publicationFinTech
Subtitle of host publicationLaw and Regulation
PublisherEdward Elgar Publishing Ltd.
Pages418-440
Number of pages23
ISBN (Electronic)9781788979023
ISBN (Print)9781800375949
DOIs
Publication statusPublished - Jan 1 2019

All Science Journal Classification (ASJC) codes

  • Social Sciences(all)
  • Computer Science(all)

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