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The World Legal Summit: Informing and Taking Action – Physically and Virtually

Reading time: 5 minutes

Written by Josh Lee and Aileen Schultz (Founder, World Legal Summit)

The World Legal Summit (WLS) is a 30+ city, 20+ country initiative designed to bridge the gap between legislative understanding and emerging technologies. Part One will occur in physical locations simultaneously across a 24 hour window on August 1, while Part Two will occur between September 6  to 8. The WLS will also provide global networking and remote participation opportunities in a virtual world. 

Introduction

Technology and global systems are evolving at unprecedented rates, with humanity now poised at the tip of the exponential curve of technological evolution. There is, however, a lack of incentives to create required legislative and regulatory frameworks for the proper governance and responsible use of such technologies. Further, legal advances in technology governance – typically developed in silos – are not keeping pace with the development of technology. In turn, this creates a governance and trust deficit between emerging technologies, their associated global systems, and the necessary frameworks for a globally sustainable future.

While the legal industry has seen global initiatives to drive technology in legal practice (such as through global events such as the Global Legal Hackathon), the World Legal Summit (“WLS”) tackles the converse challenge of legal and regulatory issues relating to new technology. It is primarily focused on emerging technologies that are global in nature and that are facing complex regulatory challenges. In its inaugural year, the WLS will be focusing on the following three technology categories: 

  • Identity and Personal Governance;
  • Autonomous Machines; and
  • Cyber Security and Personal Data.

LawTech.Asia: Strategic Media Partnership with Singapore Academy of Law

Reading time: < 1 minute

LawTech.Asia is proud to announce a Strategic Media Partnership with the Singapore Academy of Law (SAL)!

Through this partnership, LawTech.Asia will be qualitatively supported by SAL through its networks, platforms and information, for LawTech.Asia to be the portal on all things law and technology in Asia.

With a proliferation of publications and platforms showcasing legal innovation and technology in the Western Hemisphere, lawyers in the US, UK and the Europe have no lack of sources of information and inspiration to embark on legal transformation.

But what about Asia? This is not a space lacking in innovation – from the blockchain courts in Dubai, legal tech firms in Korea, to Singapore’s Legal Technology Vision, Asia has long been a hotbed for legal industry innovation. There is a need to share this innovation journey with the rest of the world – to let them know that innovation is an essential element of the DNA of Asia’s legal industry.

Commenting on the strategic media partnership, Paul Neo, Chief Operating Officer of SAL shared, “This strategic media partnership with LawTech.Asia is a timely one. It allows us to support a neutral and credible partner in growing and driving thought leadership in law and technology in Asia.” 

Huiling Xie, Head of Partnerships & Revenue in LawTech.Asia, said, “We are proud that SAL has chosen LawTech.Asia to be its strategic media partner. This is a testament to the credibility and quality of LawTech.Asia. We look forward to paving the way forward in the law and technology space with SAL, and driving Singapore and more broadly Asia as a hub for innovation in this space.

LawTech.Asia is proud to embark on this ambitious journey to cover and push the frontiers of innovation in Asia’s legal industry!

The LawTech.Asia Team

Hacking Through the Gordian Knot – The LIT Hackathon 2019

Reading time: 9 minutes

Written by Josh Lee | Edited by Jennifer Lim Wei Zhen, Wan Ding Yao

Introduction

It is a classic Gordian Knot. A legal industry that is highly risk-averse, and heavily reliant on precedents and traditional ways of work. Lawyers who are too occupied with work to generate innovative ideas, let alone implement them. Technology that is believed to be too inaccessible and alien to a profession that is beginning to struggle with disruption. All these, with the backdrop of rising costs, inefficiencies (and long hours), and barriers to access to justice.

The legal industry’s solution to this? The hackathon.

Legal Hackers APAC Summit 2018 – A Summary

Reading time: 7 minutes

Written by Cai Xiaohan | Edited by Josh Lee

From 16-17 November 2018, LawTech.Asia co-organised the Legal Hackers APAC Summit together with SG Legal Hackers and the Singapore Academy of Law. This saw over twenty Legal Hackers chapter organizers from at least ten different countries in the Asia-Pacific region converge in Singapore to discuss the latest developments in law, technology and innovation in the APAC region.

The APAC Legal Hackers Summit 2018 welcome page. (Image credit: Legal Hackers Singapore)

TechLaw.Fest 2018 – Meeting Where It Matters

Reading time: 7 minutesWritten by Josh Lee | Edited by Amelia Chew

LawTech.Asia had the privilege of being a media partner for TechLaw.Fest 2018. The inaugural TechLaw.Fest, held from 4 to 6 April 2018, saw the convergence of more than 1,000 legal professionals, technologists, entrepreneurs and regulators to participate in critical conversations about the future of the legal community. This article shares some of the common themes that emerged across the three days of TechLaw.Fest, highlighting the state of legal technology in Singapore and situating its development in Southeast Asia and the world.

Keynote address by Mr Brad Smith (President and Chief Legal Officer, Microsoft) at the Law of Tech Conference, TechLaw.Fest 2018 (Photo credit: Singapore Academy of Law)

The state of law and technology in Singapore

In recent years, there has been a growing buzz around law and technology in Singapore. In his opening address at the Law of Tech Conference, Minister-in-Charge of the Smart Nation initiative Dr Vivian Balakrishnan highlighted seven major technology trends making a global impact today:

  1. Declining marginal cost of replicating, storing and transmitting information;
  2. Declining marginal cost of computing;
  3. Accelerated clock speed of technology;
  4. Wide deployment of sensors leading to an explosion of data;
  5. Increasing capacity to analyse data;
  6. Disruption caused by robotics; and
  7. Progress in artificial intelligence.

Minister Balakrishnan observed that these technological trends “interact and catalyse virtual cycles, feeding and accelerating one another”. The interaction and reinforcement of these trends have political and socio-economic ramifications, such as the creation of echo chambers and filter bubbles that threaten to disrupt the fabric of society.

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