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{{a|technology|}}{{d|Legal tech|/ˈliːgəl//tɛk/|n|}}<br> | {{a|technology|}}{{d|Legal tech|/ˈliːgəl//tɛk/|n|}}<br> | ||
[[Information technology]] that assists in the provision of or, more likely, ''[[Legal services delivery|delivery]]'' of, legal services. In these pages used interchangeably with [[reg tech]]. Both quite disappointing. | 1. [[Information technology]] that assists in the provision of or, more likely, ''[[Legal services delivery|delivery]]'' of, legal services. In these pages used interchangeably with [[reg tech]]. Both quite disappointing. | ||
2. (''Contrarian usage'') ''Not'' [[chat-bot]]s, {{t|AI}}, [[metadata extraction]], fuzzy logic or semantic syntactical parsing. That’s [[reg tech]], and it’s easy: the answer is [[blockchain]]. [[Legal technology]] is the real-life code that lawyers generate day in and day out: '''[[words]]'''. | |||
===Addressing the [[barnacle]] risk=== | |||
'''[[Strategic over tactical]]''': When drafting and updating templates *always* prioritise [[strategic over tactical]]. Say a new regulation has been introduced (I mean, just imagine!) which poses the question whether an existing form should be updated: | |||
*really, does it? Challenge whether any change is necessary | |||
**on economic grounds (could we lose money? How much? Realistically, how likely?) | |||
**on regulatory grounds (could we be in breach of the law? What are the consequences?) | |||
**on reputational grounds (could this affect the firm's franchise? How?) | |||
*If the issue is important look to do so in a way that shortens and simplifies: | |||
**take out specifics and render them as general statements | |||
**remove optionality and complexity – this is a tech and management imperative. | |||
{{sa}} | {{sa}} | ||
*{{aiprov|A faster horse}} | |||
*{{br|Code: Version 2.0}} | |||
*[[Plain English]] | |||
*[[Why is reg tech so disappointing?]] | *[[Why is reg tech so disappointing?]] | ||
*[[Software as a service]] | *[[Software as a service]] | ||