The Transformation Of Legal: Key Takeaways

Together with Lena Haffner, I recently had the opportunity to listen to a brilliant discussion between Richard Susskind and Mark A. Cohen on The Transformation of Legal: Technology, Data, and Human Adaptation. Our key takeaways are as follows:

1. The fundamental revolution in law (and other professions) will come about when we move from one-to-one consultative advisory service to one-to-many online or embedded service. Income will come not from selling people's time, but from licensing content. If law firms will not change to this extent Mr. Susskind is highly confident that other alternative providers will instead grasp the opportunity "to make money while others sleep".