Legal Tech

For more than a decade the global legal services market is transitioning from analog to digital. Being one of the last industries to undergo a digital transformation, the changes were subtle at the beginning but are becoming ever transformational. This has a definitive impact on everything, including the business and operational models at the core of the legal industry. Without a profound understanding of the tectonic shifts in the legal industry it is very hard to understand the need for digital transformation and technology implementation. The slow pace of transformation of the tradition legal industry opens it up to outside competition from major players, like accounting firms and tech companies. We provide an overview of the transformational processes that have an impact on the legal service industry and the legal profession and show how law firms and legal departments of all sizes can keep pace with the speed of transformation and successfully reemerge as a digital-first and data-driven organization.

Duration: 60 min.

Generative artificial intelligence is the single most important technology in the last 2-3 years, with a huge impact already on the legal industry. And we are just at the very beginning. GenAI will completely transform the operational and business model of the legal industry, and it will change the way lawyers work. This will have mahor implications for everyone individually, and it is time to prepare yourself for these changes. We will show you the basic principles of how large language models work, what these models can and can’t (yet) accomplish in the legal domain, what risks are associated with GenAI and how you can use LLM’s as an advanced tool for legal and administrative tasks.

Duration: 60 min.

One of the largest barriers on the road to digital transformation, apart from lack of knowledge, is the lack of budgets. Most of the time lawyers are making decisions on what tools to implement, but the CEO or CFO decide to whether invest money in the automation of legal workflows or not. These decision makers have to be convinced by a cost-benefit analysis, something that lawyers are not trained to do. We will show you how to collect the necessary data, make a business case for an automation project and implement the relevant metrics to prove a positive return of investment.

Duration: 30 min.

Lawyers should not have to deal with tasks that they haven’t been trained to manage. But in reality, especially in a corporate setting, lawyers are forced to deal with financial, technical and HR issues, communicate and collaborate with other departments on legal and non-legal projects, and handle legal requests by internal and external clients at the same time. In order to let lawyers concentrate on their core function – solving legal issues – a new class of professionals was introduced into legal departments (and, lately, into law firms as well). We will show you what tasks are managed by legal operations specialist, what is the job profile of such specialists and how they will work together with legal professionals.

Duration: 30 min.

A lot of legal workflows can be automated to a certain extent with existing legaltech solutions. We show you the specifics of main workflow automation and the necessary tools on the market.

• Legal Research
• Practice Management
• Timekeeping / Billing
• Litigation Support
• Knowledge Management
• Contract Lifecycle Management (Pre- and Post-Execution)
• Document Management
• No-Code / Low-Code Tools
• IP-Rights-Management
• Predictive / Prescriptive Analytics
• Consumer (B2C) Services
• Data Privacy / Compliance / Risk Management
• Cybersecurity

Duration: 60 min.

Nothing illustrates the benefits of automation better than a case of successful implementation of technology. We will showcase how Russian and international law firms and legal departments achieved efficiency gains and solved operational problems by implementing technologies.

Duration: 60 min.

Lawyers are always looking for new business. Usually, to serve more clients, law firms must hire more lawyers, driving costs up. This universal bottleneck of consulting services can be circumvented by turning services into products, using technology. By bringing down the marginal cost of serving an additional client substantially lawyers can tap into an currently underserved market of billions of people and millions of companies. We show you how rather simple tools can turn a standardized service into a product and an easily scalable business.      
Duration: 30 min.

For those who feel confined in the constraints of traditional legal careers – there are over 15 new career paths at the intersection of law and technology. And this number is growing. For the first time people with a law degree have a much broader choice of career options and better ways to balance work and life. We give you an overview over the main new career options, what the new job profiles look like and what salary range to expect.

Duration: 30 min.