Full Description
This book provides a state-of-the art picture of the transformation of the global legal market.
The traditional business model of law firms has been upended by new forms of organisation, often (but not exclusively) brought about by technological innovation and the use of technology for the execution of legal activities, which implies the so-called 'servitisation' of the legal market. Such trends raise a broad range of questions of both practical and academic nature, which the book tackles extensively, relying on the competence of a remarkable group of experts, coming from different professional backgrounds and knowledgeable of many different jurisdictions, from Europe to the USA, from Asia to Australia.
In particular, the book has three main focuses: 1) a law and economics analysis of today's legal market, combined with a description of how regulatory changes have had an impact on competition in the legal services business, and on the evolution of this industry; 2) a thorough investigation of the impact of technological disruptions on the legal services industry, considering how legal tech companies and artificial intelligence solutions are reshaping the activities of legal professionals and the legal market more broadly; 3) a survey of the "new lawyers" and other new legal professionals, along with a reflection on the reforms needed to align their education with market needs.
The book caters to all those interested, professionally or academically, in keeping track of the evolution of the legal services market. Practising lawyers who want to be "future-proof", law students, new specialised legal professionals active in the business and financial sectors, scholars and other researchers (both lawyers and economists) conducting research in the field, as well as anyone engaged in providing legal education, will find in this book extremely valuable insights on current trends and future developments in the legal market.
Contents
Preface, Michel Cannarsa (Lyon Catholic University, France)
Part 1: The (R)evolution of the Market for Legal Services, between Competition and Law and Economics
1. The Legal Services Market between EU-driven Liberalisation and Continuing National Restrictions, Riccardo de Caria (University of Turin, Italy)
2. Generative Artificial Intelligence and Revolution of Market for Legal Services, Frederic Marty (Université Côte d'Azur) and Bruno Deffains (Université Paris Panthéon Sorbonne)
3. Bridging the Justice Gap: Can AI make Legal Services More Accessible and Less Lawyer-Centric? Umberto Nizza (University of Turin, Italy)
4. Transformation of the Legal Services in the Era of Digitalisation, Gentjan Skara (Bedër University College, Albania)
5. Ecodesign and Sustainable Product Initiatives: The Re-design of our Economy, Silvia Martinelli (University of Turin, Italy)
Part 2: The Impact of Technology on the Legal Services Industry
6. When Compliance Diverges: Legal Interpretations and Tech Understandings, Olga Kokoulina (University of Copenhagen, Denmark) and Alexandra Andhov (University of Auckland, New Zealand)
7. AI-provided and AI-assisted Legal Advice: Promises and Perils: Some Thoughts on Concept, Typology, and Selected Key Legal Issues, Teresa Rodríguez de las Heras Ballel (Universidad Carlos III de Madrid, Spain)
8. The Transformative Power of Technology: Reshaping Legal Services through Legal Tech, Karolina Mania (Jagiellonian University, Poland)
9. Lawyering in the LLMs Era: EU/US Perspectives, Cristina Poncibò (University of Turin, Italy)
10. The Generative Artificial Intelligence - Powered Legal Technology: Application, Risk and Governance, Ran Wang, Xiuwen Yao, and Yu Zhang (Tianjin University, China)
11. Innovating Legal Services: The Legal AI Maturity Model (LAMM) Framework, Richard Finkelman (Secretariat Advisors LLC, USA), Kassi Burns (King & Spalding LLP, USA), and Olga V Mack (The Stanford Center for Legal Informatics, USA)
12. Locating 'the Vanguard of Innovation': Change Management in Legal Practice, Felicity Bell and Justine Rogers (University of New South Wales, Australia)
Part 3: The "New Lawyers" and Other New Legal Professionals, and the Challenges in their Education
13. How Innovation, Legaltech and AI have been Reshaping the Legal Market, Macarena Plaza (IE Law School, Spain)
14. Balancing Progress and Responsibility: Examining the Sustainability Challenges in Legal Education's AI Evolution, Anil Balan (King's College London, UK)
15. Teaching Law and Technology: A View from the Jagiellonian University's Future Tech Law Clinics, Piotr Tereszkiewicz (Jagiellonian University, Poland)
16. Lawyers, Law Schools, and Cyborgs: A Modern Fantasy, Erik Vermeulen (Tilburg University, the Netherlands)
