Credit: terovesalainen/Adobe Stock Hedge Funds? Chatbots? Only Lawyers Should Offer Legal Services
The risk of law practices being taken over by corporate America—wealth-management and big accounting firms, private-equity ventures and other financial institutions—continues with each passing year.
November 09, 2022 at 12:00 PM
5 minute read
You wouldn't call a landscaper to perform brain surgery, or an accountant to hang drywall.
If that sounds like a no-brainer, consider that there's a growing faction in the legal world who believe hedge funds, or even digital chatbots, are better suited to offer legal services. Advocates for this direction argue that it's the best way to foster competition and innovation in the profession—to provide access to justice at lower cost for people who otherwise couldn't afford an attorney.
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