Dheepa
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Junior Lawyer 43
- Jan 20, 2019
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Hi guys, I was wondering if you might know of any useful resources to understand how legal technology operates in practice? I am really interested in learning more. While I know it facilitates more 'cost-efficient services', I am not sure how contract review and everything works, and how firms are developing this technology. I have been sifting through a lot of information on the internet but there are also a lot of repetitive 'buzzwords' that I don't really understand. Would really love to hear your thoughts on this, thank you so much.
Hi Intrepid,
I'll confess that I'm not an expert on legal tech at all. One thing I found really useful when applying was this (hyperlinked) podcast by A&O and their Fuse platform.
In terms of the more technical side of exactly how contract review works, beyond the basics of understanding that there are platforms that use data from existing contracts to pre-determine information that needs to be inserted/deleted in other standard form contracts, I can't imagine that any interviewer will push you further on the technicalities. If you haven't actively mentioned your interest in these technicalities in your applications/interview, I don't think it will come up in the detail you're imagining.
To answer your third question, most firms are developing this technology through tech incubation platforms. Essentially they invite legal tech start-ups to pitch their product/service and if the firm deems that start-up to be worth the investment, they are provided with the financial + logistical support to develop faster (in addition to obviously benefiting from having the firm test their actual technology for them)
If you could be more specific about exactly what kind of buzzwords you're confused about perhaps myself and of course Jacob and Naomi can offer a bit more insight.