Our cover story for this issue, The face of legaltech, explores the booming industry of legal technology that has sprouted up to support the legal profession, mostly since the onslaught of the now subsiding global pandemic forced a brutal adjustment in tech adoption due to lockdowns and isolation. The genie is now well and truly out of the bottle and the seemingly relentless and rapid development of artificial intelligence (AI) along with major advances in legaltech software and hardware can mean law firms face some tough questions on cost, reliability and security, among other issues.
Our feature explores the very latest in legaltech being adopted by law firms and general counsel, along with their appraisals. After all, an expensive piece of legaltech kit is not much good if it cannot evolve with prevailing technology.
Asia Business Law Journal
As always, technology providers are working to develop the tools they hope will become indispensable to legal professionals. They entice law firms to buy their software if “being wrong is not an option”, promising that lawyers can “retrieve key information in a matter of minutes” and harness “powerful administrative software” to “manage their workflow process efficiently”.
But some lawyers point out that more consultation needs to be done with lawyers to tailor tech solutions appropriately. “Persons who design programs generally have no understanding of law,” observes one.
Whether you’re a big outfit set on developing your own AI systems, or a boutique debating whether to take the plunge on affordable and user-friendly legaltech solutions, this article is a must read.
In Pillar Two: Setting the web, we explore the latest developments around the region in response to the OECD’s framework for international tax reform known as BEPS 2.0, which intends to achieve a more
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