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 that fixed costs
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