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 😢

www.Legalcomplex.com/blog