A lack of IT knowledge exposes compliance officers to the Darwinism of the labor market. Compliance officers must acquire new skills in risks, system processes and cybersecurity controls.
Management, Innovation & Technology
On Data Protection Day, we take stock of a particularly hectic year, for many reasons other than data protection, but also for what has happened regarding data protection itself. The pandemic has forced us to strike a balance between the right to data protection and other fundamental rights, such as public and individual health.
In current times, no business can survive without some form of digitization. Even the most traditional sectors, like the legal profession, are adapting and creating new roles.
Francisco de Elizalde’s latest paper was chosen by ‘Machine Lawyering Conference 2021: Human Sovereignty and Machine Efficiency in the Law’ as one of the five ground-breaking keynote papers. Learn more about his latest work.
Technology continues to transform the traditional legal landscape with new digital tools, making data-driven legal practice an increasingly powerful reality.
The most brilliant innovations are irrelevant if lawyers lack the skills to use it. To release the potential of digital transformation in the legal sector, lawyers must think first about investing in talent and people who can make that technology useful.
What would make a rule technologically efficient? Professor Francisco de Elizalde argues that it would depend on the rule having two characteristics: objectivity and standarization.
While the term smart contracts may have us drawing associations with AI and machine learning, there’s no real relation between these technologies. Let’s debunk the myths of smart contracts and explain how they may be used now and in the future.
The world reacts as the OECD faces a setback in its efforts to set new international tax principles for the digital economy. In the meantime, several countries move forward with their own tax measures.
With increased regulatory complexity, the role of the compliance function is expanding, moving from reactive to strategic. Compliance-as-a-service is the solution.
Yoko Takagi, partner at White and Case, on the advice she believed would have been useful when she was starting her career and that double as good life advice in this particular context.
As technology advances, we must strengthen social institutions. Growing agreement could allow policymakers to prepare the ground for action, with the goal of offering realistic solutions for everyone in the “platform economy.”
Soledad Atienza recognizes the opportunities for the future of legal education and the profession.
Natural language has important and diverse roles to play in facilitating critical innovation the future legal industry will require.
Legal professionals find themselves having to adapt to a new virtual work environment
The ability to identify emotions is a great ally for lawyers but few take advantage of it. Now is the time to incorporate it at the company and individual levels.
The shift in today’s working world is pushing corporate law to find a new normal. Corporate lawyers need to move seamlessly with this shift and take on the new profile of a liquid lawyer.
If the old competition rulebook has weathered the storm of digital economy so far, blockchain may pose too much of a challenge: it may bring a change of incentives that at least calls for more flexible and cooperative enforcement, albeit perhaps not a complete paradigm shift.
There is more than one way to approach Legal Project Management. Creating a positive, diverse and productive environment will allow lawyers to expand their knowledge, skill-set and reach their full potential.
How can lawyers, traditional law firms, and company legal departments address the digital transformation of their services?
How to build the data economy: creating a legal and policy framework that sets the right safeguards while allowing us to reap the rewards of data
With most non-urgent legal activity having been suspended indefinitely as a result of the pandemic, the judicial system is facing a steep uphill climb. With this unprecedented digitalization of the workforce, returning to age-old methods is no longer viable; innovation is crucial.
The COVID-19 crisis has seen videoconferencing move beyond the merely useful to become an absolutely essential tool for business and individuals. What are the ramifications of that change on privacy, security and trust?
More and more employees are working remotely by the day. Against this backdrop, companies need to take the utmost care to protect employees and confidential company information. What are the IT and legal risks companies face as workers go remote?
In a moment where the personal and professional lives of lawyers are being upended, how can lawyers adapt and successfully manage remote work in times of uncertainty?
In today’s modern digital era, traditional legal practice and long-established law firms are facing constant disruption and complex challenges. Lawyers are having to change the way they think, the way they work, and the tools they use, which begs the question—what does the future look like for legal professionals?
What are the seismic changes that are taking place in legal technology and what can we expect in the near future? If 2019 was a record-breaking year, 2020 is already on pace to set the bar even higher.
As the new decade begins, and digital transformation continues to overhaul the law industry, a new frenzy of hopes and predictions for legal tech is shaping up. But the jury’s still out, and we need to focus on what really matters
The idea of going alternative is replacing everything that is traditional. In the next future, will Alternative Legal Service Providers be the norm?
What are the most common legal mistakes made by entrepreneurs when launching and managing start-ups?