It’s not an open secret that in the past few years, new it companies, automated online services, and even bots have actively influence legal assistance in any country.
Today, company registration, contract verification, and online drafting of high-quality legal documents can be done through Internet platforms. And for this, you do not even need to seek help from lawyers.
In the United States, there are entire corporations that develop services for the automation of legal services. Now they allow millions of Americans to receive high-quality legal assistance for a low fee directly through their gadgets. You don’t even have to leave your office.
With the development of new technologies, everything on the market is changing very quickly. Most of us can solve our problems online. And that’s why.
1. Information becomes available. Now access to legal frameworks, analytical materials, and tools is available not only to professional lawyers, but also to everyone interested in it. Lawyers are already competing not only with each other, but also with… robots. The market is becoming more difficult for them, and we are allowed to use Internet alternatives to their services.
2. Most of the legal processes are routine and can be automated. For example, searching for the necessary regulations, transferring information through documents, searching for templates for filling, and even solving family disputes. At first glance, they seem unique and unrepeatable. But once you settle down with emotions, only routine actions remain.
3. Customers strive to get the highest quality for the lowest price. Once you go to a supermarket, you don’t want to pay for the time you are there. You want to know, for example, the cost of an apple and pay exactly for the apple. The same is true in the legal services market. Customers want to pay for the result, not for the process.
What does Legal Tech mean for lawyers?
Does the emergence of new technologies mean that soon only experts will remain in the legal market, who will solve specific legal issues, and all young lawyers and lawyers without experience will be forced to leave the profession?
Partially yes. The rise in computing power of computers, growing competition, digitalization of the economy, and the emergence of a younger generation of local digital specialists are all driving disruptions in the legal sector. And it affects their work. But, Wellcity team is sure that if lawyers learn how to work with new technologies and introduce them into their activities, they will only work more efficiently. Those specialists who do not plan to do this will have problems.