The Next Phase: Experts Say Technology Means This Isn't Your Parents' Law Practice
The Cowen Group's 2017 Summit on Legal Innovation and Disruption explored why law is changing and how technology will change legal processes.
September 15, 2017 at 12:54 AM
5 minute read
The legal industry took some time to adapt to the technological shift, but movement into the next phase is happening much faster. At the Cowen Group's 2017 Summit on Legal Innovation and Disruption, experts from all sides of law convened to discuss technology's present and future role in law.
|Why the Change?
Mark Cohen, CEO and founder of Legalmosaic, identified “key change agents” driving a change across the legal industry. He started with globalization, noting that law firms started “literally and figuratively following the money” of their clients as they expanded into international operations. And as this morphed smaller firms into international businesses, technology became a greater part of the business.
“Technology, which like law used to be thought of as a vertical, was a silo onto itself,” he said. “Now, technology has become a horizontal. There is nothing in our business or personal lives that has not been impacted by technology.”
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