Innovation paradox: Difference between revisions

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{{a|tech|[[File:2cv.jpg|450px|thumb|center|{{maxim|To increase efficiency, seek to remove technology from the workplace}}]]}}{{quote|
{{a|tech|{{image|2cv ad|jpg|{{maxim|To increase efficiency, seek to remove technology from the workplace}}}} }}{{quote|
{{frog and scorpion}}
{{frog and scorpion}}
:—Folk tale}}
:—Folk tale}}
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::— The [[JC]]’s maxims for a happy life.}}
::— The [[JC]]’s maxims for a happy life.}}


Behold, the [[Innovation paradox]]: Why does [[reg tech]] promise so much but deliver so little?   
Behold, the [[Innovation paradox]]: Why does [[legaltech]] promise so much but deliver so little?   


''Is'' it a {{tag|paradox}}, though?
''Is'' it a {{tag|paradox}}, though?
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''That’s what lawyers do. [[It is not in my nature|It is in our nature]]''.
''That’s what lawyers do. [[It is not in my nature|It is in our nature]]''.


Yet, yet yet: many painful artefacts of the analogue era — the gremlins and hair-balls you would expect [[technology]] to remove — ''persist''. To this day, we ''still'' have [[side letter]]s and [[amendment agreement]]s. We ''still'' write: “[[this page is intentionally left blank]]”. We ''still'' say “[[this clause is reserved]]”, as if we haven’t noticed [[Microsoft Word]] has an automatic numbering system.<ref>It is a truth universally acknowledged that no [[lawyer]] on God’s earth can competently format a document in [[Microsoft Word]].</ref> Not only has [[reg tech|regtech]] ''failed'' to remove legacy [[Complication|complications]], ''it has created entirely new ones.''
Yet, yet yet: many painful artefacts of the analogue era — the gremlins and hair-balls you would expect [[technology]] to remove — ''persist''. To this day, we ''still'' have [[side letter]]s and [[amendment agreement]]s. We ''still'' write: “[[this page is intentionally left blank]]”. We — well, our [[US Attorney|American]] friends, at any rate — ''still'' say “[[this clause is reserved]],” as if we haven’t noticed [[Microsoft Word]] has an automatic paragraph numbering system.<ref>Albeit one that almost no-one knows how to use. It is a truth universally acknowledged that no [[lawyer]] on God’s earth can competently format a document in [[Microsoft Word]].</ref> Not only has [[legaltech]] ''failed'' to remove legacy [[Complication|complications]], ''it has created entirely new ones.''


*Are there any fewer lawyers today? No.<ref>There are more than ever: [https://www.lawgazette.co.uk/news/warning-as-number-of-solicitors-tops-140000/5063349.article The number of practising solicitors in England and Wales has reached another all-time high] — ''Law Gazette''.</ref>  
*Are there any fewer lawyers today? No.<ref>There are more than ever: [https://www.lawgazette.co.uk/news/warning-as-number-of-solicitors-tops-140000/5063349.article The number of practising solicitors in England and Wales has reached another all-time high] — ''Law Gazette''.</ref>  
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*Are more deals being done? No.<ref>The number of M&A deals peaked in — you guessed it - [[Global financial crisis|2007]]: [https://imaa-institute.org/mergers-and-acquisitions-statistics/ Number & value of M&A deals worldwide since 2000]  — ''The Institute for Mergers, Acquisitions and Alliances''.</ref>  
*Are more deals being done? No.<ref>The number of M&A deals peaked in — you guessed it - [[Global financial crisis|2007]]: [https://imaa-institute.org/mergers-and-acquisitions-statistics/ Number & value of M&A deals worldwide since 2000]  — ''The Institute for Mergers, Acquisitions and Alliances''.</ref>  


*Are there more words? My oath there are.<ref>Now, to be sure, I have no data for this last assertion — where would you get them? — but there is no doubt the variety, length and textual density of legal {{t|contract}}s ''exploded'' after 1990.</ref>  
*Are there more words? My oath there are.<ref>Now, to be sure, I have no data for this last assertion — where would you get them? — but there is no doubt the variety, length and textual density of legal {{t|contract}}s ''exploded'' after 1990.</ref>


The more [[technology]] we have thrown at “[[the legal problem]]”, the longer and crappier our [[contract]]s have become. A curious fellow might pause to wonder ''why''. Surprisingly few have.<ref>Not even those professionally motivated to do so: futurologists of the law have forged whole academic careers by predicting a [[The Singularity is Near - Book Review|legal dystopia]] which seems, in thirty years, only sclerotically to have got any nearer. [[A World Without Work: Technology, Automation, and How We Should Respond - Book Review|A world without work]]? Fat chance.</ref>  
The more [[technology]] we have thrown at “[[the legal problem]]”, the longer and crappier our [[contract]]s have become. A curious type might pause to wonder ''why''. Surprisingly few have.<ref>Not even those professionally motivated to do so: futurologists of the law have forged whole academic careers by predicting a [[The Singularity is Near - Book Review|legal dystopia]] which seems, in thirty years, only sclerotically to have got any nearer. [[A World Without Work: Technology, Automation, and How We Should Respond - Book Review|A world without work]]? Fat chance.</ref>  


Why isn’t technology helping?  
Why isn’t technology helping?  


Let me hazard a guess. To be sure, Andy has given; it isn’t Bill that has taken away.<ref>Let me [https://en.wikipedia.org/wiki/Andy_and_Bill%27s_law Google that cultural reference for you].</ref> So who is it? ''All of us''. You and me, readers: we [[Mediocre lawyer|nit-picky, care-worn, pedantic attorneys]]. It is a function of the [[incentive|incentives]] at play. We [[lawyer]]s and [[negotiator]]s are remunerated by the time we take and the [[value]] we add. We “add value” in the shape of ''words''. We put them in and we take them out. We are rewarded for the complexity and sophistication of our analysis.  
Let me hazard a guess. To be sure, Andy has given, but it wasn’t Bill who took away.<ref>Let me [https://en.wikipedia.org/wiki/Andy_and_Bill%27s_law Google that cultural reference for you].</ref> So who was it? ''All of us''. You and me, readers: we [[legal eagle|nit-picky, care-worn, pedantic attorneys]]. It is a function of the [[Agency problem|incentives]] at play. We [[lawyer]]s and [[negotiator]]s are remunerated by the time we take and the [[value]] we add. We “add value” in the shape of ''words''. We put them in and we take them out. We are rewarded for the complexity and sophistication of our analysis.  


That means, we ''fiddle''.  
That means, we ''fiddle''.  
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{{sa}}
{{sa}}
*[[e-discovery]]
*[[Boilerplate]]
*[[Boilerplate]]
*[[ClauseHub]]
*[[ClauseHub]]
*[[Innovation]]
*[[Innovation]]
*[[Natural language processing]]
*[[Natural language processing]]
*[[Reg tech]]
*[[Legaltech]]
{{c|paradox}}
{{c|paradox}}
{{ref}}
{{ref}}