The LegalTech Book The Legal Technology Handbook for Investors, Entrepreneurs and FinTech Visionaries

by Chishti, Susanne; Bhatti, Sophia Adams; Datoo, Akber; Indjic, Drago

• ISBN13: 9781119574279
• ISBN10: 1119574277
• Edition: 1st
• Format: Paperback
• Copyright: 2020-08-31
• Publisher: Wiley

Summary

Written by prominent thought leaders in the global fintech and legal space, The LegalTech Book aggregates diverse expertise into a single, informative volume. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. Coverage includes: 

· The current status of LegalTech, why now is the time for it to boom, the drivers behind it, and how it relates to FinTech, RegTech, InsurTech, WealthTech and PayTech

· Applications of AI, machine learning and deep learning in the practice of law; e-discovery and due diligence; AI as a legal predictor

· LegalTech making the law accessible to all; online courts, online dispute resolution

· The Uberization of the law; hiring and firing through apps

· Lawbots; social media meets legal advice

· To what extent does LegalTech make lawyers redundant or more efficient?

· Cryptocurrencies, distributed ledger technology and the law 

· The Internet of Things, data privacy, automated contracts

· Cybersecurity and data

· Technology vs. the law; driverless cars and liability, legal rights of robots, ownership rights over works created by technology

· Legislators as innovators

· Practical LegalTech solutions helping Legal departments in corporations and legal firms alike to get better legal work done at lower cost

Author Biography

SOPHIA ADAMS BHATTI is a public policy expert, with 20 years' experience across a range of sectors. She is the Head of Strategy and Policy at Simmons Wavelength.

SUSANNE CHISHTI is the CEO of FINTECH Circle and the Founder of the FINTECH Circle Institute, a leading global FinTech learning and innovation platform to gain FinTech and digital skills. She is the bestselling author of several fintech books and a global public speaker.

AKBER DATOO is Founder and CEO of D2 Legal Technology, a global award-winning legal data and change consultancy operating at the intersection of FinTech & LegalTech, and an appointed member of the Technology and Law Committee at the Law Society of England & Wales.

DR DRAGO INDJIC is Managing Director at Oxquant, a data science and investment advisory firm, and co-founder of several alternative funds and tech companies across Europe.

Table of Contents

Preface

About the Editors

Acknowledgements

Part 1 – An Introduction to Legal Tech: The Law boosted by AI and Technology

Chapter 1: Liam Brown - We are voyagers

Chapter 2: Daan Vansimpsen - Mapping and classifying legal techs

Chapter 3: Struan Britland and Elly May - Educating for disruption, innovation and legal technology

Chapter 4: Alessandro Galtieri - An introduction to mapping and classifying Legal Tech

Chapter 5: Paul Massey - In-house Counsel can drive Industry Change through Legal Technology

Chapter 6: Brie Lam - The Role of Legal Tech in Financial Services: A Case Study

Chapter 7: Laura Stoskute - How Artificial Intelligence Is Transforming The Legal Profession

Chapter 8: Charlotte Gerrish & Lily Morrison - Can the Law Keep Up with the Growth of AI?

Chapter 9: Cemil Cakir - Fairness, accountability and transparency – trust in AI and machine learning

Chapter 10: Brian Tang - The Chiron Imperative – A Framework of Six Human-in-the-Loop Paradigms to Create Wise and Just AI-Human Centaurs

Chapter 11: Laura van Wyngaarden - Lawyers’ Ethical Responsibility to Leverage AI in the Practice of Law

Chapter 12: Paula Hodges QC and Charlie Morgan - Dispute Resolution 2.0: The Era of BIG data, AI and Analytics

Chapter 13: Ben Stoneham - Why All LegalTech Roads 'Point' to a Platform Strategy

Chapter 14: Simon George - An Introduction to The Internet of Things

Part 2 – Law and Data   

Chapter 15: Natasha McCarthy - Technology and the Law – Data and the Law

Chapter 16: Thomas Hyrkiel - I Make the Rules, Why Should I Care About LegalTech?

Chapter 17: Stevan Gostojić – From Legal Documents to Legal Data

Chapter 18: Afsaneh Towhidi, Mehran Kamkarhaghighi, Masoud Makrehchi - Acquisitive Information Extraction Framework for Legal Domain

Chapter 19: Clive Spenser – Legal Expert Systems

Chapter 20: Rebecca Kelly - Tech v Law: Consent

Chapter 21: Charles Lombino - New Privacy Laws Require Changed Operations on Commercial Websites

Chapter 22: Asim Jusic - Dealing With Tensions Between the Blockchain and the GDPR

Chapter 23: Christy Ng - Rise of the Legalbots: How in-house teams and business lines benefit

Chapter 24: Leyanda Purchase - AI Is Changing Boardroom Dynamics

Chapter 25: Sam De Silva - Cloud Computing Contracts

Part 3 – Technology vs Law

Chapter 26: Ann Brooks - Legal tech in our daily lives

Chapter 27: Ivy Wong - Legal Tech for the rest

Chapter 28: Mike Butler - Technology and in-house counsel

Chapter 29: Ekaterina Safonova - Smart home or spy home?

Chapter 30: Graham Thomson, Daryna Plysak and Irwin Mitchel - Cybersecurity myths & the hero’s journey

Chapter 31: Dana Denis-Smith - Legal talent platform economy – the beginning of the end?

Chapter 32: Kate Lebedeva - Can Intelligence Be Appropriated: Ownership over AI

Chapter 33: Israel Cedillo Lazcano - The Electronic Creation Right (ECR)

Part 4 - Cryptocurrencies, Distributed Ledger Technology and the Law

Chapter 34: Nita Sanger - Distributed Ledger Technology and the Legal Profession

Chapter 35: Anna Elmirzayeva - Cryptoasset Regulation: Clarification and Guidance

Chapter 36: Eleftherios Jerry Floros - The Legal Implications of Digital Security Offerings

Chapter 37: Enrique Agudo Fernandez - Crypto-Assets and Market Abuse

Chapter 38: Marc Van de Looverbosch and Pierre Berger - Crypto-Securities: Traditional Financial Instruments on a Distributed Ledger

Chapter 39: Emanuele Pedilarco, Lawyer, Grimaldi Studio Legale - The Use of Digital Tokens for the Boost of Supply Chain Finance

Part 5 – Smart Contracts and Applications

Chapter 40: Robert Peat - LegalTech’s impact in the role and job of a lawyer

Chapter 41: Martin Davidson, Lachlan Harrison-Smith and Emanuela Denaro - SMART(ER) Contracts – Digitising contracts for a new age

Chapter 42: Zeljka Motikaf - Smart Contract and Traditional Contract

Chapter 43: Anne Rose - Getting Smart: Blockchain and Smart Contracts

Chapter 44: Luigi Telesca - Legal Prose to Code: Restructuring Contract Templates for Blockchain Automation

Chapter 45: Christian Spindler - The legal framework of Pay-Per-Use financing

Part 6 – Legal Technology: Increasing or Impeding Access to Justice?

Chapter 46: John Finnemore - Legal Technology: Increasing or Impeding Access to Justice?

Chapter 47: The Law Society of England & Wales - Legal Technology: Increasing or Impeding Access to Justice?

Chapter 48: Laurence Lieberman - Digitising Disputes

Chapter 49: Qiyin Chuah - Humanise with Lawtech Lawyering

Chapter 50: Imranali Panjwani - From Fair Hearing to Fairtech Hearing: Improving Access to Justice in the UK Asylum and Immigration Process

Chapter 51: Sebastian Ko - The Dark Side of Technology in Law: Avoiding the Pitfalls

Chapter 52: Tresca Rodrigues - Closing the Justice Gap – Technology is NOT the First Step

Chapter 53: Mikolaj Barczentewicz - Combining AI and digitization of judgments for access to justice

Part 7 – LegalTech Around the World

Chapter 54: Ron Cai, Xuzhou Chen and Sherry Zhang - Legal Implications of Artificial Intelligence in China

Chapter 55: Matthias Qian, Dr Adam Saunders and Maximilian Ahrens - Mapping LegalTech Adoption and Skill Demand

Chapter 56: Clare Weaver - A Case Study of Adoption of Legal Technology in a non-Western market

Chapter 57: Huey Ching Beh - Why Now Is The Time For Legal Tech To Boom?

Part 8 – The Future of Legal Tech

Chapter 58: Mitchell E. Kowalski - Legal Tech's Legacy?

Chapter 59: Benjamin Silverton - Back to the Future: How LegalTech is changing the law firm

Chapter 60: Magnus Lindberg - How much disruption can we handle?

Chapter 61: Patricia Pinheiro - The role of RegTech in delivering better Regulatory Compliance

Chapter 62: Tara Chittenden - Patterns of speech: A future of AI-authored legal reasoning and arguments?

Chapter 63: Greg Miot - From Innovation Frenzy to Productivity Steadiness

Chapter 64: Richard Mabey - The humans strike back: the fall of the robots in legal tech's future

List of Contributors

Index