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08 March 2018 / Clare Arthurs , Richard Marshall
Issue: 7784 / Categories: Features , Profession
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A practical alphabet

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Clare Arthurs & Richard Marshall share an (almost) A-Z guide to the future of law

 

 

Automation
Using software to perform simple tasks automatically, such as populating a contract using information about the parties etc already entered into a firm’s DMS. Time and effort saving.

Blockchain
An ordered, continuously growing list of time-stamped records (‘blocks’) that update in real time. Extremely secure and hard to edit. The future of how we hold and access information?

Cryptocurrency
Digital money, often protected by Blockchain. Increasingly widely used but still unregulated and somewhat volatile. Some law firms already accept cryptocurrency as payment: will you?

Digitisation
A key part of the government’s £700m reform programme for modernising the court system in the UK. Just nobody mention e-borders. Or Universal Credit. Or the NHS...

E-signatures
High quality e-signatures can help authenticate a signatory, guarantee a document’s integrity, and provide satisfaction as to the origin of the signature.  

Fixed costs
As far as we know, the government is (in its spare time) considering Jackson LJ proposal’s

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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