1. Legaltech:
A Silk Road Ahead?
Dr Drago Inđić
drago@oxquant.com
d.indjic@ucl.ac.uk
International University of Sarajevo, July 2021
2. Content
1. LegalTECH Book project
2. English Law: from Inns of Court to ALSPs
3. Legaltech in China: from ODR to A2J via blockchains
4. Challenge: Global technology, local justice, global norms
5. Case studies: compliance and contract management
3. LegalTECH Book
● Legaltech book project: global snapshot by fintech community
● Time frame: Jan 2019 – (July 2020)
● Edited volume: 60 authors; May 2021: 7 videos
4. Legaltech in England and Wales
English Law: from Henry VIII (via Empire, £££, USA, oligarchs) to ALSP
“Like any other, the legal industry is open to competition on the basis of price”.
Legal Services Act 2007
Digital + business innovation.
Susskind: legal expert system (1987) to Online Courts and Future of Justice (2020)
USA-UK special relationship beyond the Magic Circle
UK Regulatory sandbox, response unit, Global Talent Visas ...
Teaching: MSc at Swansea in Wales, UK-wide, Oxford CS and Law, inter alia
5. Beyond Legal Workflow: Scalability of ALSP
What if … > 1 billion people?
A2J → D2C
…. many of billions devices?
IPv6, IoT, 5G
… receive the economies of scale?
13. Discussion
● Legal norms: polysemy and national borders
● Fintech and NLProc (BERT) have raised the bar
● Machine readable to explainable, understandable, inclusive
○ Rules, contracts, judgements – remember BERT
● The onset of digital regulation: finance, smart transport
○ Procurement? Land planning? Net zero transition?
● The Economics of Justice
○ Private markets and governance: from in-game to smart contracts: market-based solutions
○ DAO: global, liquid capital but local citizen rights
○ Global commons: spectrum (ITU), sea, climate justice
14. Further Readings
● Rule, C. (2020) “Online Dispute Resolution and the Future of Justice”, Annual
Review of Law and Social Science, Vol. 16, pp. 277-292, 2020, Rule (2020)
● Barresi (2021)
● Community: AI and Law; smart contracts
● In BSCM languages: ELTA webcast, March 2021
● In practice: ALSP: listing, Oxford/Thomson Reutres report