This document summarizes a presentation about innovations in the legal services market and legal education. It identifies current trends accelerating the adoption of technology and need for innovation, including the rising costs of legal services, globalization, and new non-lawyer competitors. Examples are provided of innovations like new legal businesses relying on technology and process, in-house legal departments adapting outside business models, and new law firm/legal services models. Legal education is also changing with the rise of online education like MOOCs and DOCCs. The presentation argues that both legal practice and education must innovate through collaboration to survive future challenges. It highlights LawWithoutWalls as bringing together law and business students globally to work on projects innovating legal
Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17
The Future Legal Marketplace: Innovation, Extrapreneurship, and a Law Without Walls
1. The Future Legal Marketplace:
Innovation, Extrapreneurship,
And a Law Without Walls
Michele DeStefano
Professor, University of Miami School of Law
Founder, LawWithoutWalls
Florida Bar June 2014
3. This Presentation Will . . .
• Identify current trends and significant shifts in
the law market within and outside the U.S.
that are accelerating the adoption of
technology and the need for innovation in
legal practice and education.
• Highlight some examples of innovations in
how legal services are being provided and
how legal education is being taught.
• Ultimately, suggest some potential paths our
occupation should consider taking in the
future.
7. “Certain things. They should stay the
way they are. You ought to be able
to stick them in one of those big glass
cases and just leave them alone.”
J.D. Salinger, Catcher in the Rye
Some People Feel This Way
About the Law Market
22. In-House Law Departments:
Exapting Processes from Outside
Law
• Procurement
• Six Sigma
• Project Management
• Refined, automated, and often on-line
RFP Processes
• Internal legal process outsourcing
25. There has been a 75% rise in
legal costs over the past
decade
(compared to a 20% rise in
non-legal costs)
Source: William Blair & Co., National Law Journal,
Eversheds/Corporate Executive Board
27. Some Aren’t Listening
Consider
Heller Ehrman
Wolf Block
Thacher Proffitt & Wood
strong firms that have collapsed in the recent
past
Others Are Listening
30. NonLawyer Law Related Service
Providers and Law Consultants
Work outside lawyer’s rules of professional
conduct
Aren’t necessarily trained in the law
And they are eating lawyers’ leftovers
31. Professional Services Offering
Globally Integrated Business
Solutions,
Including Law Consulting
Note: Big 4 hires tons of law grads
each year for tax and consulting
32. New Law Firm/Legal Services
Models
• Riverview Law
• NovoLawyer
• Clearspire
• Rocket Lawyer
• LegalForce
• Total Attorneys
• Mootus.com
• Burton Law
• LawDingo
• Agreement24
• Legal365
• The co-operative
legal services
• LexMundi
37. Charley Moore
Founder, Rocket Lawyer
“Our mission is to make the law affordable
and simple enough for everyone to to
benefit from the protections of our legal
system,” noted Charley Moore, Founder
of Rocket Lawyer, in a statement. “We are
willing and able to continue to fight for
access to low-cost legal services, even
when a bigger competitor like LegalZoom
comes along to try to maintain the status
quo.”
43. Big Law is Innovating Too
• Content:
• Products and Services
• Structure/Strategy:
• Geographic location, Industry Sector,
Talent Management
• Service and Delivery
44. • Clifford Chance
• Wins innovation award for using six
sigma and Lean to reduce UBS’s
process of closing distressed debt
trades by 30 days
• Allen & Ovary
• 1st firm to embrace LPO – over 300
lawyers and staff in Belfast hub
• Goodwin & Slaughter & May
• Linklaters – matter management (client
Big Law is Innovating Too
47. Even Top Tier Law Schools
are impacted . . .
Seton Hall Down 43%
Hamline Down 55%
Applications down 38% 2010-2013
Harvard Law School has fewer acceptable
applications
– Harvard accepted 16% of applicants for 2015
vs. 11% year prior
54. 2012 “Year of MOOC”
For Profit
• Coursera:
– More than 2 Million Registrants
– Some classes more than 100,000 students
– Over 370 courses
– Partnerships with over 30 institutions including
Brown, Princeton, and Columbia
• Udacity 25 courses
NonProfit
– Harvard and MIT EdX Non-profit $30 million and
35courses
57. MOOCs Legal Education
Non-Credit
• Case Western Professor Michael Scharf
MOOC international criminal law
(Coursera)
• UCL Dame Hazel MOOC English
common law, (Coursera)
• Harvard‘s Professor William Fisher MOOC
copyright law EdX)
• Yale‘s Professor Akhil Amar MOOC
constitutional law (Coursera 2014)
58. MOOCs Legal Education
For Credit
• University of Akron School of Law MOOC
Commercial Paper for course
• On Line LLM Degrees e.g., Washington
University
65. Professor Michele DeStefano:
Innovation Tech & the Law Course
Utilizing a blended technique of asynchronous
lectures and in-class learn-by-doing exercises,
it explores the latest innovations,
entrepreneurial efforts, and technological
advances in the law marketplace around the
world while honing the skills lawyers of
tomorrow need to excel in the new legal
services industry including:
technology, teaming, idea generation, project
management, communication, presentation,
and social networking competencies
66. Professor Michele DeStefano:
Innovation Tech & the Law Course
• In Person Component:
• One hour in-person class sessions that
include a mix of teaming and skills-based
exercises along with explorative sessions
on entrepreneurial ventures and
innovations in the law
67. Professor Michele DeStefano:
Innovation Tech & the Law Course
• On-Line Component:
• Assigned, pre-recorded 2-hour Virtual
Thought Leader Session (VTLS) from
LawWithoutWalls.
• Assigned relevant reading materials on
the weekly topics addressed by these
sessions.
79. 1) When are legal educators going to start
training our law students with the skills to
be the global 21st Century lawyers of
tomorrow?
And
2) When is legal practice going to innovate
to tackle the challenges of our “new” global
marketplace?
94. Not Just Be Intrapreneurs
intrapreneur (ˌɪntrəprəˈnɜː)
n
1. a person who while remaining within a
larger organization uses entrepreneurial
skills to develop a new product or line of
business as a subsidiary of the organization
95. Not Just Legal Entrepreneurs
entrepreneur (ontrəprəˈnəː)
n
1. a person who starts or organizes a
business company, especially one involving
risk
96. But Build A Law Without
Walls
LAWYERS
LAW SCHOOLS
98. Become Extrapreneurs
extrapreneur (xtraprəˈnəː)
n
1. a person with an entrepreneurial spirit
(an intrapreneur) that not only chooses
to apply those talents to their own
organization but also applies those talents
externally to other organizations. And then
brings those experiences back internally to
their own organization.
99. A More Iterative Partnership
Between Law Schools + Lawyers
The Market is Ready
117. Entrepreneurship in the Law
• Axiom
• Riverview Law
• NovoLawyer
• Clearspire
• Rocket Lawyer
• LegalForce
• Total Attorneys
• Burton Law
• LawDingo
• Agreement24
• Legal365
• The co-operative
legal services
• LexMundi
118. Interdependent
Relationships
Between Law Schools and
Lawyers• Externships and Legal On Ramp placements
• Clinics
• Executive Education (e.g. Harvard)
• White & Case and Jindal Law School
• MiamiLex (United Lex and Miami)
• Reinvent Law
• École HEAD: 1st private Law School in
France (Founded with 15+ law firm and
business partners including)
123. 26 Law + Business Schools
50+ Students
Bifröst University (Iceland) Stanford Law School
Fordham Law School Tel Aviv University (Israel)
Harvard Law School University College London (UK)
IE Business School (Spain) University of Miami Law
IE Law School (Spain) University of Montreal Law
Indiana University Law University of São Paulo (Brazil)
The Graduate Institute, Geneva University of St. Gallen (Switzerland)
National Law School of India University of Sydney Law (Australia)
New York Law School Wharton School of Business
Peking University STL (China) York University School of Business
Pontifical Catholic U (Chile) York University School of Law
Sciences Po Law (France) Witwatersrand Law (South Africa)
École HEAD (France) University of East London (UK)
124. Multi-Disciplinary Teams
15 TEAMS OF:
• 2-3 Business and Law Students
• Academic Mentor
• Entrepreneur Mentor
• Practitioner Mentor
• Corporate Law Mentor
125. Team Topics
Teams are assigned broad topics
in either legal education or
practice.
EXAMPLE:
Cyber Justice: Using Technology
to Provide Legal Services to the
Underserved Around the Globe
126. Team Topics
Teams are assigned broad topics
in either legal education or
practice.
EXAMPLE:
The Increasing Importance of
Corporate Compliance: More Jobs
For Law Grads or Another Threat
to Lawyers’ Monopoly?
130. Court Systems and Technology: If I
am a Legal Document Where Do I
Go and How Do I Get There?
• It’s finally the day you get paid, it’s
judgment pay.” Judgment Pay is an online
portal that harnesses the powers of
crowdsourcing to help those who have
obtained a favorable civil judgment collect
the money they are owed. .
• Support and services from LWOW Inc, a
large financial services company,
entrepreneurial lawyer, and marketing
131. Increasing Access to Justice and
Creating New Models of Regulation:
How Can the Two Go Hand-in-
Hand?
• Be #selfless with ProBonoPro.org, a social
media platform that matches law students
with relevant pro bono opportunities,
allows students to track and certify their
pro bono hours, and enables others to
publicly endorse students’ skills.
• Will be pursuing this business idea this
Fall through LWOW Inc at Miami Law and
likely in partnership with ProBono.net.
132. Increasing Access to Justice and
Creating New Models of Regulation:
How Can the Two Go Hand-in-
Hand?
• “Hear Victims, Help Victims, Protect
Victims.”
Help victims of Human Rights abuses find
their voice and share their story. Nirubi is
an innovative app interface that provides a
secure way for NGOs to gather, record,
and share witness testimony.
• Winners of LWOW X.
133. Trickle Down Justice? Access to
Justice for Vulnerable Client
Populations
• Founded a global NGO featuring a social-
network-like website specifically designed
to unite and connect legal, political, and
community advocates around the world
who fight against human trafficking.
• This Project of Worth got funding from the
United Nations and the 2012 Summer
Olympics.
134. LWOW Arbitration
Students teamed with lawyer, academic,
arbitrator, and judge mentors to help them
design and develop implementable solutions to
procedural, regulatory, or statutory problems in
arbitration.
– 1) Realism in Arbitration: Making Arbitration
Work in a National Space and Enforcing
Awards Across the Border;
– 2) Drafting Arbitration Clauses with Corporate
Counsel;
– 3) What’s Under the Invisibility Cloak:
Transparency in Arbitration
135. LWOW Compliance
• LWOW X Compliance
– Students teamed up with compliance officers
and academic mentors to critically analyze,
internationally compare, and create solutions
to pressing issues involving compliance in
organizations including corporations, nonprofit
organizations, and law firms.
Same core values and components as the
original LWOW
136. 21st Century Lawyering Skills
Problem Solving
Teaming
Technology
Entrepreneurial
Social Networking
Cultural Competency
Business Skills
New Platforms for Relationships
159. Go into the gaps.
If you can find them;
They shift and vanish too.
Stalk the gaps.
Squeak into a gap in the soil,
turn, and unlock – more than a
map
– A universe.
167. . . . And indeed there will be time
To wonder, ‘Do I dare?’ and, ‘Do I dare?”
. . .
Do I dare
Disturb the universe?
In a minute there is time
For decisions and revisions which a
minute will reverse.
T.S. Eliot
168. 5) Accept Imperfect Offerings
Ring the bells that still can ring.
Forget your perfect offering.
There is a crack in everything.
That’s how the light gets in.”
Leonard Cohen
173. Academic Thought Leaders:
Elizabeth Chambliss,
Bill Henderson,
Renee Knake,
John Flood,
Leo Staub,
Tom Morgan,
Deborah Rhode,
Carole Silver,
Marco Salgado,
Marie Claude-Rigoud
Brian Tamanaha
Laurel Terry,
Ray Cambell, and
David Wilkins
174. Practitioner Thought Leaders &
Entrepreneurs :
Jeffrey Carr,
Susan Cartier Liebel
Jordan Furlong,
Mark Harris,
Bryan Hughes,
Stephanie Kimbro
James Peters,
Doug Richmond,
James Batham
Scott Rogers,
Karan Singh,
Mark Smith
Andy Daws
Kevin Doolan
Adam Ziegler
These freegans are Non Lawyers offering law consulting aw consultants work outside the rules, have knowledge and power – more power perhaps - – and we can’t tell the diference here – between l’s and nl’s ask questions – what is this doing to our profession as a profession? Regardless of the answer: Nonlawyers have seen value in what lawyers have thrown away –-
Riverview Law - legal advice for a fixed fee
NovoLawyer - find lawyer services - agreement 24 – software based legal zom
Venture and private equity-based company - $65 M including from JP Morgan (latest round was $28 million)
Focuses on the 80% of the work tha tlaw firms provide - the bread and butter - NOT the cream - not th e20% that W&C provides (most law firms on the 20% cream)
Different physical and professional structure -550 attorneys work from home offices or at the clients; all attorneys have 4+ years of exp - most 8+
Not a temp agency - ful salary when fully engaged then stops (at beach) when not
Get around the Model rules - - bc has to be to in house attorney htat is overseeing the work (otherwise
Technology is KEY part of how they deliever on this new model
Rocket Lawyer has been around since 2008. While LegalZoom charges for forms, Rocket Lawyer has gone after disrupting that model by making forms free and charging for legal and advisory services around getting them completed. It has raised just over $53 million. - and it charges flat rates
Legal Zoom with the access to justice angle – also focuses on small businesses