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Template:Legaltech as rent-seeking: Difference between revisions
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Template:Legaltech as rent-seeking (view source)
Revision as of 10:24, 12 October 2022
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[[Legaltech]] addresses inefficiencies which manifest themselves as negative annuities: ongoing costs and resource drains for quotidian tasks with minimal value. Its business model is | [[Legaltech]] addresses inefficiencies which manifest themselves as negative annuities: ongoing costs and resource drains for quotidian tasks with minimal value. Its business model is therefore predicated on the [[vendor]] earning not just a fee, ''but an annuity''. The rationale is this: | ||
If customers have an ongoing cost of ''ten'', they will be prepared to pay me an ongoing cost of ''two'' to remove it. | If customers have an ongoing cost of ''ten'', they will be prepared to pay me an ongoing cost of ''two'' to remove it. | ||