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The Use, Issues and Policies of Legal Technology for Lawyers and In-House Counsel

Reading time: 19 minutes

Written by Johanna Lim Ziyun (Associate Author) | Mentored by Nisha Rajoo | Reviewed by Edmund Koh

LawTech.Asia is proud to have commenced the third run of its popular Associate Author (2020) Programme. The aim of the Associate Authorship Programme is to develop the knowledge and exposure of student writers in the domains of law and technology, while providing them with mentorship from LawTech.Asia’s writers and tailored guidance from a respected industry mentor.

In partnership with the National University of Singapore’s alt+law and Singapore Management University’s Legal Innovation and Technology Club, five students were selected as Associate Authors. This piece, written by Johanna Lim and reviewed by industry reviewer Edmund Koh (China Telecom Asia Pacific), marks the third thought piece in this series. It scans the landscape of lawyers and technology, and sets out steps that lawyers should take to meet a future technologically-driven paradigm.

Lawyers and Technology

Reading time: 7 minutes

Written by Thomas Lee (Associate Author) | Mentored by Ong Chin Ngee | Reviewed by Rakesh Kirpalani

LawTech.Asia is proud to have commenced the third run of its popular Associate Author (2020) Programme. The aim of the Associate Authorship Programme is to develop the knowledge and exposure of student writers in the domains of law and technology, while providing them with mentorship from LawTech.Asia’s writers and tailored guidance from a respected industry mentor.

In partnership with the National University of Singapore’s alt+law and Singapore Management University’s Legal Innovation and Technology Club, five students were selected as Associate Authors. This piece, written by Thomas Lee and reviewed by industry reviewer Rakesh Kirpalani (Drew & Napier and DrewTech), marks the second thought piece in this series. It scans the landscape of lawyers and technology, and sets out steps that lawyers should take to meet a future technologically-driven paradigm.

The Use of Chatbots as a Way to Create a Two-Step Approach to Providing Legal Services: Case Study: LRD Colloquium Vol. 1 (2020/06)

Reading time: 16 minutes

Written by Elizaveta Shesterneva*

Editor’s note: This article was first published by the Law Society of Singapore as part of its Legal Research and Development Colloquium 2020. It has been re-published with the permission of the Law Society of Singapore and the article’s authors. Slight adaptations and reformatting changes have been made for readability.

ABSTRACT

Chatbots have already been deployed by law firms and Legal Technology (‘LegalTech’) start-ups to perform some law-related activities as a way to provide better assistance to clients. The widespread use of chatbots may further deepen existing issues relating to the scope of legal functions chatbots undertake, the unauthorised practice of law and the competitiveness in the legalsector. This paper examines the aforementioned issues and suggests a two-step approach to providing legal services which incorporate the use of chatbots with help from qualified attorneys. The goal of the suggested two-step approach is an attempt at a peaceful collaboration between technology and legal professionals, where the use of chatbots do not threaten the ‘status-quo’ of qualified persons, but rather, encourages further innovation in the legal profession.

How to Choose the Right Contract Management Software for You

Reading time: 6 minutes

Written by Alison Wilkinson

Contracts are an essential part of any legal office. If your law practice drafts contracts, conducts due diligence or does compliance work on behalf of your clients, you likely process hundreds, if not thousands, of contracts per year.

If they lack contract management software, many legal offices will instead store their contracts on secured shared drives like Google or Sharepoint. Using a secured shared drive is a step up from storing contracts in filing cabinets, but it’s inefficient. Contracts remain hard to access by multiple people, and it’s cumbersome to assign management and authorship duties.

With inefficiencies and management issues come errors. The International Association for Contract and Commercial Management estimates that the average company loses more than 9 percent of its revenue annually due to contract-related issues. Further, firms can lose up to 40 percent of the value of a given deal due to inefficient contracting, according to an estimate by the professional services firm KPMG.

Contract management software helps eliminate value leaks and inefficiencies by providing centralized, organized access to all your firm’s contracts. The software can give your group the tools it needs to share contracts among coworkers securely, assign and manage assignments, analyze key terms, review contracts quickly and accurately, streamline and process results and keep track of important deadlines. It also frees up time for attorneys to do more strategic, high-value work and allows them to update contracts more regularly.

TechLaw.Fest 2020 Quick Chats: Wong Meng Weng, Principal Investigator of Singapore Management University Centre for Computational Law; Co-Founder of Legalese

Reading time: 8 minutes

Interview by Tristan Koh and Ong Chin Ngee | Edited by Tristan Koh, Ong Chin Ngee and Josh Lee

TechLaw.Fest 2020 (“TLF”) will take place online from 28 September – 2 October 2020, becoming the virtual focal point for leading thinkers, leaders and pioneers in law and technology. In the weeks leading up to TLF, the LawTech.Asia team will be bringing you regular interviews and shout-outs covering some of TLF’s most prominent speakers and the topics they will be speaking about.

This week, LawTech.Asia received the exclusive opportunity to interview Wong Meng Weng, Principal Investigator of Singapore Management University Centre for Computational Law and Co-Founder of Legalese. Meng Weng will be speaking at the Knowledge Cafe on “What Computational Law Can Do For You” on the third day of TLF (30 September 2020).

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