The Future of Law
And if Robots replace Law..
What will happen?
From Courts to Code..
From Prediction to Prescription..
From Advice to Algorithm..
..we will be going
- From Courts to Code -
A Case Study of The Netherlands
In 2014, there were 1.3 million casesA decline from 1.7 mln in 2009
Source: cbs.nl
0
425,000
850,000
1,275,000
1,700,000
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
..most were Civil disputes920,700 (70%) cases in 2014
Source: cbs.nl
Admin Criminal Civil
..caused mostly by faulty contracts
or missing contracts in cases like divorce or bankruptcy
Source: rechtspraak.nl
Divorce 55%
Contract 6%
International 1%
Corporate 7%
Intellectual Property 2%
Bankruptcy 14%
Due Process 3%
Labor 10%Procurement
2%
..if over 70% of conflicts stem from contracts
Or 35% due to no formal agreements
..then maybe we should make contracts smarter
Or make it easier to settle disagreements
Let’s take Intellectual Property..
Intellectual Property 2%
Smart music contracts using Ethereum (Blockchain)
..or protect copyright
..and your Free Speech
all powered by Blockchain
..and why it’s so popular with Legal
We could also settle our disputes online
..with Online Dispute Resolution (ODR)UK Online Dispute Resolution Advisory Group, February 2015
..and crowd-source a ‘Jury’ in a civil law systemUK Online Dispute Resolution Advisory Group, February 2015
..to resolve even the highly emotional ones
Divorce 55%
..and save up to half a million with DIY Divorce
- From Prediction to Prescription -
Prescriptive Analytics is considered bleeding edge..Outsell CEO Topics Data Business Fundamentals 24-nov-2015, p.9
…but Legal is already thereOutsell CEO Topics Data Business Fundamentals 24-nov-2015, p.10
- From Advice to Algorithm -
Back to our 920,700 Civil disputesand to the revelation
Source: cbs.nl
Civil
Only 9,867 (1.07%) were published in 2014
what if they all were?
*Source: rechtspraak.nl
7,428 (75%) of the 9867 published cases had no
category
or couldn’t properly be identified and tagged
*Source: rechtspraak.nl
0
2000
4000
6000
8000
Proc
urem
ent
Labo
r
Due
Pro
cess
Eurp
oean
Prop
erty
Bank
rupt
cy
Inte
llect
ual P
rope
rty
Inte
rnat
iona
l
Com
petit
ion
Corp
orat
e
Div
orce
Cont
ract
Und
efine
d
Leaving 99,73% of cases unusable for analytics..
without the proper algorithm to tag them
Civil Cases 2014
2,472918,228
..equal to 15 million civil cases over 18 years
19961997
19981999
20002001
20022003
20042005
20062007
20082009
20102011
20122013
2014
Source: cbs.nl
..enter Machine Learning
and the Players..
Well, actually..Versionone.vc
Not yet in the Legal IndustryVersionone.vc
Not in every sector, definitely not in LegalVersionone.vc
In the Future,
every advice will be based on analytics
analytics will be generated by data
data will be define by algorithms
and the most accurate algorithms wins
..and who will create these algorithms?
Legal Professionals
because if they don’t, we’re doomed 😢
