'Could that be about to change?' is the key question in this piece. The answer? Absolutely.
We increasingly see questions arising as to whether the legal market is approaching its Uber / Kodak moment and it is a topic that is discussed in great detail.
Many do not believe that technology can revolutionise the legal sector. When you look at how tech has changed other sectors such as medical it's difficult to see how legal can remain untouched.
Up until now there may have been little incentive for the market to change but now customers are increasingly demanding that the power should be in their hands, and rightly so.
Music companies, travel agents, newspapers, taxi drivers. Many sectors have been ravaged by the internet, mobile phone apps and people’s ability to find free information that they used to pay for. Revenues have tumbled and old industries have struggled to find new business models. Surgery can now be done by robots, or performed remotely. Architects use digital tools to design buildings. One sector, however, has carried on as if technology had never been invented: the law. Lawyers’ working practices “have not changed much since the time of Charles Dickens”, say father-and-son team Richard and Daniel Susskind in their book, The Future of the Professions. Lawyers still provide high-cost customised advice. The highest-earning legal partners preside over pyramid-shaped firms, raking in huge fees while teams of junior lawyers do the drudge work of searching for precedents and drawing up contracts.