when robots join law firmsilta.personifycloud.com/webfiles/productfiles/2171899/...applications to...
TRANSCRIPT
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When Robots Join Law Firms
Joshua Lenon – Lawyer in Residence at Clio
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JUDGMENT DAY
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Computer Prices 2005+
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
From the Bureau of Labor Statistics’ Consumer Price Index – pulled 03/11/2014
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Legal Service Prices 2005+
0.0
50.0
100.0
150.0
200.0
250.0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
From the Bureau of Labor Statistics’ Producer Price Index - Legal Services – pulled 03/11/2014
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Compared Prices 2005+
0.0
50.0
100.0
150.0
200.0
250.0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Computer
Legal
From the Bureau of Labor Statistics – pulled 03/11/2014
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Why does this matter?
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Constant Information Growth
• Number of Treaties on File with the UN:
550
• Number of Pages in the U.S.C.A: 200,000
• Number of Federal Court Civil Cases Filed
Last Year: 271,950
• Number of Federal Court Civil Cases
Terminated: 254,619.
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Constant Information Change
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
60000
65000
70000
75000
80000
85000
2005 2006 2007 2008 2009 2010 2011 2012
FR Pages % Increase
Source: Federal Register Pages Published 1936-2012
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Changes in law
affect every part
of our lives.
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It has become impossible
for legal professionals to
know every relevant aspect
of the law
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THE FIRST SHOT
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Legal is not the only
knowledge sector
growing.
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Medical Information
• Journal articles published last year:
1,113,989
• Pharmaceutical trials undergone: 162,866
• Malpractice cases payouts 2012: 12,142
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IBM Watson
Mines:
• patient data
• treatment
guidelines
• Eletronic
medical data
• Doctor’s
notes
• Clinical
studies
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Processing Power
0
100
200
300
400
500
600
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
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Technology allows medicine
to predict and react from an
informed position.
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Technology allows medicine
to predict and react from an
informed position.
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ROBOT INVASION
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Technology should allow
lawyers to predict and react
from an informed position.
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Processing Power
0
100
200
300
400
500
600
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
CPU
Mind
Computer
Legal
From the Bureau of Labor Statistics – pulled 03/11/2014
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Technology to React
• Fastcase’s Bad Law Bot
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Robot Invasion
• Expert Trusted Advisor
• Enhanced Practitioner
• Legal Knowledge Engineer
• Legal Process Analyst
• Legal Risk Manager
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Predict Rather Than React
Source: Neota Logic
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Family &
Medical Leave
• Rules:
– Family Medical Leave Act
– State Law
• Factual Variations: 15m
• Questions Asked: 16-25
• Time: 2-6 minutes
User: Corporate
Managers
Source: Neota Logic
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EU Collateral
Directive
• Rules:
– 21 jurisdictions
– 93 types of financial obligations
– 10 forms of agreement
– 4 types of collateral
– 11 types of counterparties
– 16 types of financial institutions
• Factual Variations: 13m
• Questions Asked: 8-12
• Time: 1 minute
User: Lawyers
Source: Neota Logic
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Robots as
Investments
Embracing
technology has
reduced the costs
of producing
bound volumes
by 60% and time
to dispatch by
80%.
Source: Applying Continuous Improvement to high-end legal services, Clifford Chance 2014
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POST-INVASION
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Reduced Territory
Since 2010, more than 20 law firms in
Washington, DC have reduced their office
space.
• Contracted 270,000 Square Feet
• Backend operations moved out of town
Source: Washington Post, March 11, 2014
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Reduced Population
Applications to law school have dropped
20% since 2008
Of those students completing law school in
2012, only 56% had long-term, full-time jobs
that required Bar passage – i.e. lawyers
Law firms are shedding non-professional
staff Source: American Bar Assoc. Section of Legal Education 2012 Law Graduate Employment Data
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Reduced Trade
• Business steering work away from law
firms
– In-house legal departments hiring technology
vendors over law firms for discovery
• Consumers unable to afford traditional
legal services
– Average person must work 7-10 hours to pay
for 1 hour of lawyer’s time
Source: Gartner Legal IT 2020 Scenario
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CONCLUSION
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Robots will not replace Lawyers
Robots WILL do the work of many traditional
lawyer duties, like e-discovery &
compliance.
Law firms that embrace robot colleagues will
have a competitive advantage
Lawyers that can build robots will be in
demand
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Image by Richard Stevens, creator of Diesel Sweeties, used with permission.