The "MIT School of Law" - Presentation Version 1.02 - (10/14/11)

The MIT School of Law: A Perspective on LegalEducation in the 21st Century Daniel Martin Katz Michigan State University College of Law

Do Not Fool Yourself

The LegalEmployment Crisis

Is More ThanJust a Recession

Two TrendsAre In Play

Structural and Cyclical

StructuralStarted Before The Recession

Those Jobs Will Not Return

Welcome to Law’sInformation Revolution

Revolution Already In Progress

In Light of State of Market forLegal Services ...

How Do We Prepare Our Students toSurvive (Thrive) In this New Ordering?

First, Try toUnderstand What Is Actually Happening

Some MajorTrends in the Legal Services Market

Trend 1:General Counsel asLegal Supply Chain Manager

Data Driven Legal Supply Chain Mgmt.Different Form of PredictionHow Does a CompanyStaff for Peak Load?What sort of InternalPolicies are Efficient?

Legal Supply Chain Mgmt. (High End of Market)Data and Logistics =General Counsels asMaestrosLaw Firms Point ofSale Providers

Legal Procurement (High End of Market)General Counsels asLegal ProcurementSpecialistsTyMetrix - Using$4billion in LegalSpend Data to HelpGC’s Look for ArbitrageOpportunities

Legal Procurement (High End of Market)Driving Downyour Legal BillsYeah there is anApp for That City Firm Size Partner Calculate Experience

Trend 2:The Rise ofQuantitative Legal Prediction

This Was ~10 Years Ago

Quantitative Legal Prediction Version 2.0

A Large Future Law Market

Disputes v. Decisions

What is the Client’s First Question?

do i have a case?

how is that assessment generated?

Mental Models vsAggregated Data

Some Potential Inputs

standard client memo +statistical portrait of10,000 ‘similar’ cases

‘Similar’ Aided by The “Science of Similarity”

Science of Similarityis the Next Frontier in Quantitative Legal Prediction

The Science of SimilarityWhat Makes a Set of High DimensionalObjects ‘Similar”?Movies People Words Music BooksCrowd Sourced Human Reasoning is HelpingDevelop a ‘New’ Science of Similarity

Validation ofSimilarity Analysis

Validation of Similarity AnalysisValidation Can Be AchievedThrough Either: (1) Out of Sample Testing (2) Forward Prediction

Validation of Similarity AnalysisValidation Can Be AchievedThrough Either: (1) Out of Sample Testing (2) Forward PredictionExample:

Validation of Similarity AnalysisValidation Can Be AchievedThrough Either: (1) Out of Sample Testing (2) Forward PredictionExample: http://en.wikipedia.org/wiki/Netflix_Prize http://www.wired.com/epicenter/2009/09/ how-the-netflix-prize-was-won/

Additional Examples

Additional Examples This is the Age of Aspirational Spelling (Spelling is 1.0 Thinking)

Additional Examples

Additional ExamplesPeople Who Bought XAlso Bought Y

Additional Examples Collaborative FilteringPeople Who Bought XAlso Bought Y

Trend 3:The Home BrewComputer Club - Law Edition

“The HomebrewComputer Clubsnewsletter wasone of the most influential forces in the formation of the culture ofSilicon Valley.”

The Artificial Intelligence Revolution is On

“Practically every financial transaction,from someone buying a cup of coffee tosomeone trading a trillion dollars ofcredit default derivatives, is done insoftware ....Health care and education, in my view, arenext up for fundamental software-basedtransformation. My venture capital firmis backing aggressive start-ups in both ofthese gigantic and critical industries.We believe both of these industries, whichhistorically have been highly resistant toentrepreneurial change, are primed fortipping by great new software-centricentrepreneurs ...Companies in every industry need toassume that a software revolution iscoming.”

E-Discovery

That’s Me

>>> Print “Welcome to Computational Legal Studies”Welcome to Computational Legal Studies

Here Are a FewThings from Our Lab Law as a Seamless Web? Electronic World3D HD Visualization of Supreme Treaty Court Citation Network Index Six Degrees of Marbury v. Madison The United States Code

It is ~1975

In Law’s Edition of the Home Brew Computer Club

Trend 4:The Birth ofWalMart Law

The Rise of WalMart Law? (Low End of Market)There is a Long StandingGap in Legal ServiceProvision to the PoorNot Enough Clinics toPossibly Scale to theProblemNeed an Efficient LegalService Delivery Model

Legal Supply Chain Mgmt. (Low End of Market)Data and Logistics =Legal Service DeliveryModel that is actuallyaffordableModel Will BeDeveloped in UK

Trend 5:London Calling and the Legal Centers of the Future

London Calling VS.Empire State of Mind

Global LegalSupply Chain

Shifting of the Axisof the Legal World

London, Dubai, China, India, Brazil, etc.

These Trends (and More) Points to aGreat Skills Mismatch ...

It is True AcrossThe Entire Economy

Skills Mismatch?

I Will Argue

What is Needed

InnovationCompetition and

An End to theAge of Mimicry

In Other Words,

Stop Trying to be the 50th / 100thBest Harvard and Yale

Seriously, They AreNot Even That Great ...

And The Game IsRigged Anyway ...

The Game IsRigged Anyway ...

Outflank these Schools

By Making Their BackhandYour Forehand

Just toMake the Point

How Many Professors at either of theseElite Institutions ...

Seriously KnowAnything About Legal Information Engineering?

NotNormative Argumentation or Policy Making

But Actually Building Things (i.e. Science / Engineering)

Natural Language ProcessingKnowledge Representation Feature Extraction Feature Selection Machine Learning Classification Clustering

This Weakness IsSerious Because The Walls that Separated ...

Legal Education from the LegalServices MarketAre Coming Down

GAME ON :)

A Proposed Response:“MIT School of Law”

Blueprint forLegal Education in the Age ofLaw’s Information Revolution

I Guess I was Fooled Because it Made Tons of Sense

I Would Like toBriefly Sketch TheBalance of the Idea and Solicit Your Comments ...

Lawyer 2.0Is A Hybrid

Traditional Taskswith the Substantial Aid of Technology

New Law & ___ Tasks

Extend This Idea to Skill Blending in Many Domains

Building The“MIT School of Law”Inputs (i.e. Students / Faculty)Training The StudentsBuilding the Broader Ecosystem

MoneyLaw: The StudentAdmissions Edition

SystematicallyUndervalued By The US News Rankings Posturing

Applied Mathematics Computer Science Statistics EngineeringInformation Science

Biology,Chemistry, Physics,Economics (If Rigorous)

All Else Equal: Higher LSAT Lower GPA

Critical MassIs Important

If You Build ItThey Will Come

Faculty = Having“Hiring Lines”Biases You To Present

The “Best” AthleteApproach DependsUpon Which Sport You are Playing

Basketball ≠ ≠Sumo Wrestling Tennis

Are You Sure You Have theRight Athletes?

Training andSkill Development For Students

A PotentialAnimating Rule ...

Every Course BeEvaluated in Light of ...

its ability to helpstudents compete in the Legal Labor Market

Down Come The“Hot House” Walls

Of Course, There isUncertainty about What Skills Are Needed

“65 percent of current grade-school kids may end up doing work that hasn’t yet been invented”

Response -->Hedge By Providing Lots of Different Types of Skills

DiminishingMarginal Returns In Every Class

Therefore, Use The Quarter System

AndImpose More Requirements

Who Said ThisWas Going to Be Easy?

Yes, there isgoing to be math on the exam

Capstone isNOT a Paper

Unless it is a Business Planw/ Mkt. Research

StudentsMust BuildSomething...

Legal Incubator/ StartupLegal Info Engineering Lab Quant Legal Predication Supply Chain Lab

Building The Ecosystem

Legal R & D (Grant $$)

Legal R & D(NSF Funding?)

Tech Transfer

Venture Capital Angel VC’s

Strategic Relationships withLegal Informatics Firms

Strategic Relationships with Intl. Legal Centers

HomeBrew LegalComputing Club?

Again Critical Mass is Very Important

As Peer to Peer (P2P)Education is Critical

The MITSchoolof Law

Don’t Expect A New Law School inCambridge, MA

What I Am ReallySaying Is ...

The MITSchoolof Law

It Could Be You!

PAPER INPROGRESS COMING SOON TO SSRN! :)

COMMENTS WELCOME (particularly if favorable)katzd@law.msu.edu

>>> Print “Welcome to Computational Legal Studies”Welcome to Computational Legal Studies

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The "MIT School of Law" - Presentation Version 1.02 - (10/14/11)

by Daniel Katz on Oct 14, 2011

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The "MIT School of Law" - Presentation Version 1.02 - (10/14/11) — Presentation Transcript