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Exploring Legal Innovation Themes: 2020's Emerging Trends

Delve into the evolving landscape of legal innovation, from CINO roles to data science and beyond, capturing the essence of the changing legal industry dynamics. Learn about platforms, products, and innovative ideas shaping the legal field for the future.

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Exploring Legal Innovation Themes: 2020's Emerging Trends

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  1. Some Thoughts onThe State of#LegalInnovation A Set of Semi Connected Conversation Points Circa2019 daniel martinkatz edu | illinois tech - chicago kentlaw blog | ComputationalLegalStudies.com page | DanielMartinKatz.com lab|TheLawLab.com corp | LexPredict.com

  2. AS PART OF THE INITIAL KICKOFF TO2019 GLENLEGAL CONFERENCE

  3. I THOUGHT I MIGHT EXPLORE AFEW EMERGING THEMES IN THE FIELD OFLEGAL INNOVATION

  4. I WILL NOTDO COMPLETE JUSTICE TO ALL OFTHESE THEMES…

  5. AND SOME WILLBE EXPLORED IN GREATER DETAIL IN THE SESSIONS THAT WILL FOLLOW…

  6. SO TODAYA PRESENTATION IN FIVE PARTS…

  7. PARTI: CINO’S, CIO’S AND THE ILLUSIVE PRODUCT, SERVICEBUNDLE PARTII: PLATFORMS, PRODUCTS AND POINTSOLUTIONS PARTIII: DATA SCIENCE AND THE VIRTUOUS TRIAD OFAI PARTIV: FINANCIALIZATION > ROBOTLAWYERS PARTV: CLOSING INNOVATION IDEAS FOR THE2020’S

  8. CINO’s,CIO’sand theIllusive {Product,Service} Bundle

  9. EVERYONEIN PROFESSIONAL SERVICES IS ON A QUEST…

  10. TO DEVELOPOPTIMAL {PRODUCT, SERVICE} BUNDLE(S)FOR TOPIC SPECIFIC USECASES

  11. IN OUR WORLD OF ENTERPRISE LAW…

  12. LAW FIRMS LEGALOPS LAWCOMPANIES

  13. HAVE BEEN ATTEMPTING TO BRINGTHESE BUNDLED OFFERINGS TOMARKET

  14. FIRMS HAVE LOCATED THISINNOVATION FUNCTION INA VARIETY OFFOLKS

  15. CIO - CHIEF INFORMATION OFFICER COO - CHIEF OPERATING OFFICER CKO - CHIEF KNOWLEDGE OFFICER CINO - CHIEF INNOVATIONOFFICER

  16. “As of 2019,CINO roles havebeenadded in 57 of the top 200 law firms by gross revenue … up from 32 one year ago,“ said DavidCowen

  17. SOME OF THE FOLKS IN THESE POSITIONS ARE UNFORTUNATELY TOOTHLESS…

  18. BUT OTHERS ARE AT LEASTPARTIALLY EMPOWERED TO TRY TO MOVE THINGSFORWARD

  19. BEST CASESCENARIO

  20. WHY WOULD A LAW FIRM HAVE A CINO?

  21. LAW IS A SERVICEBUSINESS (HISTORICALLYSPEAKING)

  22. ITS INNOVATIONS WERE GENERALLY IN THE AREA OF SUBSTANTIVELAW

  23. UNTIL RECENTLY MOST PROVIDERS LEVERAGED TECHNOLOGYAND OPERATIONAL TOOLS ONLY THE EXTENT NECESSARY TO DELIVER THESERVICES (EVEN THAT HAS BEENUNEVEN)

  24. SO THERE IS A NOTION THAT AN INNOVATION OFFICER IS NEEDED TO TRY TO HELPTHE ORGANIZATION

  25. LEVERAGE PRODUCTS, DEVELOP PRODUCTS, THAT CAN BE MERGED WITHSERVICES

  26. BY BUILDING MULTIDISCIPLINARY TEAMS

  27. BECAUSE IN CRAFTING SOLUTIONS

  28. BECAUSE IN CRAFTING SOLUTIONS TECH DESIGNTHINKING PROCESSIMPROVEMENT

  29. BECAUSE IN CRAFTING SOLUTIONS TECH DESIGNTHINKING PROCESSIMPROVEMENT ARE ALLECONOMIC SUBSTITUTES FORLABOR

  30. BECAUSE YOU CANNOT DO THE CONFIGURATION OF THESE INPUTS IF YOUDO NOT HAVE THETALENT

  31. Platforms,Products and PointSolutions

  32. ALTHOUGHAN OUTSIDE OBSERVER MIGHTGUESS OTHERWISE

  33. IN LAW-LAW LAND THE QUEST TOBUILD {PRODUCT, SERVICE} BUNDLE(S)

  34. HAS SEENMANY PRODUCTS DEVELOPED OUTSIDE OFTHE TRADITIONALMARKET

  35. OVER THE PAST FEW YEARS, WE HAVESEEN SIGNIFICANT GROWTH IN THE SHEER NUMBEROF LEGAL TECH STARTUPS…

  36. THERE ARE A VARIETY OF DIFFERENTLISTS

  37. ANGELLIST 749+ ‘LEGAL TECH’ COMPANIES 1800+ IF YOU ONLY SEARCHUNDER ‘LEGAL’ HTTPS://ANGEL.CO/COMPANIES? MARKETS%5B%5D=LEGAL+TECH

  38. STANFORD CODEXLIST 800+COMPANIES tech.law.stanford.edu

  39. BEYOND US + UK THINGSARE HEATING UP ACROSS THEGLOBE

  40. SPAIN LEGALTECH DENMARK LEGALTECH

  41. FINLAND LEGALTECH RUSSIAN LEGALTECH

  42. AUSTRIAN LEGALTECH SWISS LEGALTECH

  43. BELGIUM LEGALTECH DUTCH LEGALTECH

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