Lawyers: Meet the CEO trying to make you obsolete — from abovethelaw.com by James Goodnow
Call it a drive for increased access to the legal system, call it a grab for cash, the legal and business worlds are getting more comfortable with nonlawyers handling issues traditionally reserved for attorneys.
Excerpt:
Mehta and Factor aim to take a bite out of the segment of the legal market that has previously been off-limits to anyone except Biglaw attorneys: challenging, sophisticated contract negotiations and compliance.
…
Factor’s secret sauce is combining attorneys, nonattorney legal professionals, and curated technology into an efficient package. Factor’s team of hundreds of in-house lawyers oversee nonattorneys specially trained in contract management, compliance issues, and leading-edge technology. The goal, of course, is to bring the cost of even highly complex transactions down to a minimum.
Make no mistake: a new front has opened up in the war between alternative legal service providers and traditional law firms.
From DSC:
While I don’t think lawyers will become obsolete, the amount of technology being integrated into law firms and throughout the legal realm is definitely on the increase. I don’t see that trend slowing down, but rather picking up steam.