Some Thoughts on The State of #LegalInnovation

1. Some Thoughts onThe State of#LegalInnovation A Set of Semi Connected Conversation Points Circa2019 daniel martinkatz edu | illinois tech - chicago kentlaw blog | ComputationalLegalStudies.com page | DanielMartinKatz.com lab|TheLawLab.com corp | LexPredict.com

2. AS PART OF THE INITIAL KICKOFF TO2019 GLENLEGAL CONFERENCE

3. I THOUGHT I MIGHT EXPLORE AFEW EMERGING THEMES IN THE FIELD OFLEGAL INNOVATION

4. I WILL NOTDO COMPLETE JUSTICE TO ALL OFTHESE THEMES…

5. AND SOME WILLBE EXPLORED IN GREATER DETAIL IN THE SESSIONS THAT WILL FOLLOW…

7. SO TODAYA PRESENTATION IN FIVE PARTS…

8. PARTI: CINO’S, CIO’S AND THE ILLUSIVE PRODUCT, SERVICEBUNDLE PARTII: PLATFORMS, PRODUCTS AND POINTSOLUTIONS PARTIII: DATA SCIENCE AND THE VIRTUOUS TRIAD OFAI PARTIV: FINANCIALIZATION > ROBOTLAWYERS PARTV: CLOSING INNOVATION IDEAS FOR THE2020’S

10. CINO’s,CIO’sand theIllusive {Product,Service} Bundle

11. EVERYONEIN PROFESSIONAL SERVICES IS ON A QUEST…

12. TO DEVELOPOPTIMAL {PRODUCT, SERVICE} BUNDLE(S)FOR TOPIC SPECIFIC USECASES

13. IN OUR WORLD OF ENTERPRISE LAW…

14. LAW FIRMS LEGALOPS LAWCOMPANIES

15. HAVE BEEN ATTEMPTING TO BRINGTHESE BUNDLED OFFERINGS TOMARKET

17. FIRMS HAVE LOCATED THISINNOVATION FUNCTION INA VARIETY OFFOLKS

18. CIO - CHIEF INFORMATION OFFICER COO - CHIEF OPERATING OFFICER CKO - CHIEF KNOWLEDGE OFFICER CINO - CHIEF INNOVATIONOFFICER

19. “As of 2019,CINO roles havebeenadded in 57 of the top 200 law firms by gross revenue … up from 32 one year ago,“ said DavidCowen

20. SOME OF THE FOLKS IN THESE POSITIONS ARE UNFORTUNATELY TOOTHLESS…

21. BUT OTHERS ARE AT LEASTPARTIALLY EMPOWERED TO TRY TO MOVE THINGSFORWARD

23. BEST CASESCENARIO

24. WHY WOULD A LAW FIRM HAVE A CINO?

25. LAW IS A SERVICEBUSINESS (HISTORICALLYSPEAKING)

26. ITS INNOVATIONS WERE GENERALLY IN THE AREA OF SUBSTANTIVELAW

27. UNTIL RECENTLY MOST PROVIDERS LEVERAGED TECHNOLOGYAND OPERATIONAL TOOLS ONLY THE EXTENT NECESSARY TO DELIVER THESERVICES (EVEN THAT HAS BEENUNEVEN)

29. SO THERE IS A NOTION THAT AN INNOVATION OFFICER IS NEEDED TO TRY TO HELPTHE ORGANIZATION

30. LEVERAGE PRODUCTS, DEVELOP PRODUCTS, THAT CAN BE MERGED WITHSERVICES

31. BY BUILDING MULTIDISCIPLINARY TEAMS

32. BECAUSE IN CRAFTING SOLUTIONS

33. BECAUSE IN CRAFTING SOLUTIONS TECH DESIGNTHINKING PROCESSIMPROVEMENT

34. BECAUSE IN CRAFTING SOLUTIONS TECH DESIGNTHINKING PROCESSIMPROVEMENT ARE ALLECONOMIC SUBSTITUTES FORLABOR

35. BECAUSE YOU CANNOT DO THE CONFIGURATION OF THESE INPUTS IF YOUDO NOT HAVE THETALENT

37. Platforms,Products and PointSolutions

38. ALTHOUGHAN OUTSIDE OBSERVER MIGHTGUESS OTHERWISE

39. IN LAW-LAW LAND THE QUEST TOBUILD {PRODUCT, SERVICE} BUNDLE(S)

40. HAS SEENMANY PRODUCTS DEVELOPED OUTSIDE OFTHE TRADITIONALMARKET

42. OVER THE PAST FEW YEARS, WE HAVESEEN SIGNIFICANT GROWTH IN THE SHEER NUMBEROF LEGAL TECH STARTUPS…

43. THERE ARE A VARIETY OF DIFFERENTLISTS

44. ANGELLIST 749+ ‘LEGAL TECH’ COMPANIES 1800+ IF YOU ONLY SEARCHUNDER ‘LEGAL’ HTTPS://ANGEL.CO/COMPANIES? MARKETS%5B%5D=LEGAL+TECH

45. STANFORD CODEXLIST 800+COMPANIES tech.law.stanford.edu

46. BEYOND US + UK THINGSARE HEATING UP ACROSS THEGLOBE

47. SPAIN LEGALTECH DENMARK LEGALTECH

48. FINLAND LEGALTECH RUSSIAN LEGALTECH

49. AUSTRIAN LEGALTECH SWISS LEGALTECH

50. BELGIUM LEGALTECH DUTCH LEGALTECH