TY - CHAP
T1 - FUTURE LAWYERS
T2 - HOW TO STAY UP TO DATE WITH THE LEGAL TECH REVOLUTION
AU - Fenwick, Mark
AU - Kaal, Wulf A.
AU - Vermeulen, Erik P.M.
N1 - Publisher Copyright:
© The Editor and Contributors severally 2019, © International Bank for Reconstruction and Development/The World Bank. All rights reserved.
PY - 2019/1/1
Y1 - 2019/1/1
N2 - 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.
AB - 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.
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U2 - 10.4337/9781800375956.00032
DO - 10.4337/9781800375956.00032
M3 - Chapter
AN - SCOPUS:85137496205
SN - 9781800375949
SP - 418
EP - 440
BT - FinTech
PB - Edward Elgar Publishing Ltd.
ER -