Commercial lawyers have been warned that the disruptive impact of technology on the law and the legal system means they should be prepared. Chancellor of the High Court Sir Geoffrey Vos urged the profession “to turn its incredible intellectual fire-power towards the development of the English common law, so that it can effectively tackle the problems thrown up by the use of big data, cryptoassets, on-chain smart contracts, and artificial intelligence.” He cautioned that lawyers in other jurisdictions could steal a march on their British counterparts, telling the Commercial Bar Association’s annual lecture that lawyers should “think imaginatively about the world in which the commercial legal services of the future will be required.”
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
June 16, 2020
November 8, 2019