The "MIT School of Law" - Keynote Presentation @Stanford CodeX FutureLaw Conference - (V2.01)
1. The MIT School of Law
A Perspective on Legal Education in the 21st Century
Daniel Martin Katz
Illinois Institute of Technology
Associate Professor of Law
21. poison pill - “the most important innovation in corporate law
since Samuel Calvin Tate Dodd invented the trust
for John D. Rockefeller and Standard Oil in 1879”
(2) lawyers as innovators - substance /doctrine
22. emerging areas - 3D Printing, Driverless Cars, Augmented Reality,
Data Breach, Big Data+Privacy, etc.
Drones, Internet of Things, CyberSecurity,
(2) lawyers as innovators - substance /doctrine
23. (3) lawyers as innovators - business/process
innovation directed toward transforming the practice of law
24. (3) lawyers as innovators - business/process
innovation directed toward cultivating new markets for law
56. Quantitative Legal Prediction
- or -
How I Learned to Stop Worrying and Start
Preparing for the Data Driven Future of the
Legal Services Industry
Daniel Martin Katz
Assistant Professor of Law
Michigan State University
2013
72. “The software
identifies standard
and terms in
contracts, and its
benchmarking
tools show
lawyers how their
current document
compares to the
standard.”
77. General Counsels as Legal
Procurement Specialists
TyMetrix -
Using $50 billion+ in Legal
Spend Data to Help GC’s
Look for Arbitrage
Opportunities, Value
Propositions in Hiring Law
Firms
Legal Procurement
(High End of Market)
123. R e p o r t e d s a l e
price between $35
million and $40
million.
Final Number was
likely between
$80 - $100 million
A n u m b e r o f
venture capitalists
have invested in
t h e c o m p a n y ,
including Silicon
Valley’s Sequoia
C a p i t a l w h i c h
invested $7 million
in 2007 ....
134. Law Schools as
academic research
institutions can help
support the frontier
of research and
development in law
204. Building The
“MIT School of Law”
Inputs (Different Students + Faculty)
Better Training = Better Lawyers
Connect to the Broader Industry Ecosystem
Attract
Train
Place