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The Shift: Curb Your Enthusiasm, Web3 Won't Transform Legal Anytime Soon

It's time for a reality check: the extent to which Web3 will transform the legal market has been greatly exaggerated—at least, for the foreseeable future.

Of course, that's not to say the impact of Web3, which refers to a host of blockchain-powered technologies that many see as the future of the internet and digital economy, has been negligible in the legal market. These days, law firms are opening up metaverse offices, accepting cryptocurrency payments, and even serving court papers as NFTs. Surely this augurs a broader revolution on the horizon?