A set of perspective on the future of legal services and some tips and advice on how to start innovation from within a law firm

2. Digital transformation and artificial intelligence –
the effect on lawyers
Knut-Magnar Aanestad

3. ▪ Legal Market today is estimated 650 billion USD per year
- the investments in Legaltech are microscopic - 740M USD during past 5 years (2011-2016)
- Traditional LegalTech - internal tools – minimal client value added
- Waking up – Client Centric technology
▪ Legal Market regulations – innovation inhibitor «par excellence»
▪ Law Firm Business Model – another great inhibitor
▪ Law Firm Management reactions
- Defensive, protectionistic and lack of history
- Reluctant investment strategy
Introduction
3

4. OSLO
BERGEN
HAMAR
STAVANGER
«Will AI replace the Lawyers?»

5. 5
«Will disruptive forces displace Lawyers?»

6. ▪ A meta-technology - a technological platform, not a product!
- You cannot go out and buy AI and put it to a task|
- Constant development of products and services – We haven’t seen nothing yet
- Incremental development – the platform’s capabilities will develop
− Wave 1: Handcrafted Knowledge
- Most of the commercial products we see today is still driven by Wave 1
− Wave 2: Statistical Knowledge
- Predictability – great potential in risk assessment and business decisions
− Wave 3: Contextual Adaption
- Forefront of development – at one point it can do anything we can it imagine
▪
What is AI?
6

7. How can AI be used in Legal Work?
7
Performing
-Legal management
Contract Management
-Compliance
-Litigation
M&A
Managing
Transparency
Matter Management
Project Management
Counsel analysis
Fact SurveillanceInternal training

8. «The best AI LegalTech has yet to be created»
And then….
8

9. ▪ Law firm.
- Technology will drive efficiency substantially, increasingly and probably exponentially
▪ Legal Operations
- Technology will drive efficiency, reduce risk, increase transperency
▪ New entrants
- Offering same or better value, only faster and cheaper
▪ Agile competitors
- Take market share from incumbents
▪ Large Consultancy Firms
- Complete value proposition
▪ Tech-platform development in business infrastructure
- Blockchain, AI and more
Disruptive forces on traditional Legal Services
9

10. How empty will the glass be ?
10

11. 11

12. ▪ Top down –
- If not do it anyway!
▪ Lean innovation process -
▪ Truely user centric
▪ Dare to fail
▪ Involve clients
▪ Seek a platform
Innovation approaches
12

13. ▪ Demystify Innovation
▪ Lower the treshold
▪ The «Tech-myth»
▪ The «Cost myth»
▪ Power of the client
▪ Power of external communication
How can we initiate change?
13
▪ Adress «self centricity»
▪ Adress «micro perspective»
▪ Work like a start-up
▪ Develop «organisational GRIT»
▪ Build a «platform» innovation
carrier
▪ Reinvent your service delivery

14. 14

15. A true client centric business model, combining
“no nonsense” quality advice with technology
New ways of working – in the forefront of the development
15
Kluge offers a unique Legal Management tool to clients
through a web based unified collaboration platform
The Kluge OMNIA Legal Management Portal offers a set
of modules, ready to be customized for client needs
Structure
Technology
Expertise
Client
Education
Client’s
business
needs

16. 16
«Prepare for the uncertain?»

17. ▪ Change will come!
«Change has never evolved faster than today…
and will never evolve slower again»
It’s a WHEN and HOW, not an IF!
Where tech meets stupidity – denial or tech pessimists – time to wake up!
17
▪ Technological transformation explosion
- Blockchain
- Human Augmentation
- 3D/4D printing
- Robotics and Drones
- AI – Consciuos Technology
- Computing Architecture
- Mixed Reality
- Synthetic Biology
- Brain Uploading
- Healthcare
- Energy Innovation
- Matter innovation

18. OSLO
BERGEN
HAMAR
STAVANGER#becurious
#gocreate
: @KMKnutM