This month’s University of Copenhagen, Faculty of Law’s Tech&Law Breakfast talk was given by Vigjilenca Abazi, Assistant Professor of European Law at Maastricht University. The topic: A global cybersecurity pact.
The key takeaways: We clearly need a pact, pronto, but it ain’t going to happen right now. We might’ve seen some positive movements, such as the 2018 Paris Call for Trust and Security in Cyberspace. But we’re going to have to overcome a number of stumbling blocks first. Not least, getting the USA, Russia and China to the table. Filling the void is the private sector. Where states are unwilling to reach an agreement, companies are looking to develop a Digital Geneva Convention. But really? Do we trust companies to regulate themselves?
A global pact may be just too ambitious at this moment. So in the meantime, we must continue to work at regional and national levels to increase cyber awareness and cyber efforts.
This month saw the inaugural launch of TechTorget in Oslo. The event was brought together by Peter van Dam, Chief Digital Officer at Simonsen Vogt Wiig, and Erik Ødegaard, with the full support and collaboration of the Norwegian Bar Association.
The event aims to provide the legal sector with an overview of legal tech solutions that are proven and available to legal practitioners to implement right now.
“We saw the legal sector and vendors using enormous amounts of time to meet each other. So we created a sort of marketplace for them.”
Spending just 2-3 hours at the event, says van Dam, can help lawyers to stay informed on the many vendors they would otherwise be unaware of in the market who are providing some great solutions.
What’s more, the event makes future legal tech concrete. It can really demonstrate how, through small steps and investing in real solutions, the legal industry has nothing to fear as it prepares for that future.
We’re very excited to announce we have another Founding member – Danish law firm, Schultz Legal.
“We decided to join NLT as a founding member because it enables us to continuously strengthen our position in the market for legal information and legal tech. We also believe that we are able to contribute with knowledge to the industry, and hopefully help some of the start-ups to move forward with their businesses.
“Schultz Legal strives to accomplish interoperability and an open platform in order to connect content providers and tech providers. We believe that a partnership with Nordic Legal Tech will enable us to go into dialogue with some of the upcoming legal tech providers – which will enable joint enforcement. This partnership also allows Schultz to gain first-hand insights to the legal information and tech market – which hopefully will help us enrich our platform.”
Schultz Director of Knowledge and Content, Eskil Thygesen
We’re looking forward to a great collaboration in the future.
We’re delighted to announce that the GDPR and privacy compliance tool, Sixtus Compliance, has become a Corporate member of Nordic Legal Tech. Thank you Sixtus. We’re really enjoying working with you and anticipate great things for the future.
“We decided to become a Corporate member because legal tech is a new technology area where we didn’t feel that other organisations could provide us with a sense of belonging and a dedicated network. We expect to have some great discussions with our peers within the legal tech space, develop ideas and help push the envelope for what we can do for the legal and regulative community.”
The 10th and final QV Forum was held in Stockholm this year. Its central theme was Law 2.0 – an exploration of the potential disruption of the legal market.
Nordic Legal Tech was there, with a provocative presentation, “Software Is Eating the World”. CEO Nicholas Hawtin warned:
“The next generation of solution builders are focused on users and their problems. The solutions they are building are built on solving the user’s problems as intuitively and simply as possible. They are focused on the task the user is trying to perform, not on the legal issue related to that task. The resulting solutions integrate seamlessly and are often invisible.
“This may sound straightforward, but it is very hard to do – and it is not something law firms do well. Their processes do not support it. Their business model directly hinders it. Eventually, their inability to master it will cost them lots of jobs and massive revenue. And ‘eventually’ is coming faster than many of them understand.”
Nordic Legal Tech couldn’t make LegalGeek London this year but we have one of our trusty members reporting on this increasingly important event. Torsten Torpe, head of Legal Tech Innovation at Bech-Bruun, gives us a run down of Bech-Bruun’s presentation at the conference and some comments on the gig generally.
Discussing best practice for AI adoption at LegalGeek
At this year’s LegalGeek conference, we were invited by Luminance (an AI software provider) to talk about how you actually get started using Artificial Intelligence. Being among the early adopting law firms of AI, we were asked to share our experience and pinpoint the dos and don’ts.
Although vendors and technologists often tend to claim the opposite, getting started with AI and technology in general isn’t easy. Our vast experience shows that it requires a strong buy-in from the top management. A point that is as surprising as it is constructive. We discussed what strong management buy-in means in Bech-Bruun and how we have succeeded in establishing a legal tech innovation unit with direct report to the top management.
Dr Alexandra Andhov gave a presentation on ‘Blockchain As a Tool for Corporate Governance’ at October’s Tech&Law Breakfast, hosted by the University of Copenhagen, Faculty of Law.
Dr Andhov has been working on a research project that addresses technology and trust in capital markets. Although skeptical at first about blockchain and all the noise around cryptocurrencies, Dr Andhow has devoted a lot of time in trying to understand this phenomenon and see its implications not only for capital markets, but also for companies and their corporate governance.
After the presentation, we caught up with Dr Andhov to dive a little deeper into this hot topic.
We extend a warm welcome to our third legal tech provider member, Risma Systems.
“At RISMA Systems we create IT solutions that help companies save resources and simplify the many complex Governance, Risk & Compliance tasks. Our solutions are designed to make it easier to identify risks and secure compliance by translating legal requirements into practical tasks and procedures, while always ensuring cross-organisational collaboration. Our vision is to create a compliance culture and it is our pleasure to work towards that vision together with Nordic Legal Tech.” Søren Kirketerp, Channel Partner Director
The business association for Danish law firms, Danske Advokater, and Danish law firm, Schultz Legal, have come together to provide a new platform for lawyers to access and search for legal information. The new product will compete with the only service currently on the market and offered by Karnov.
The partners expect to launch their product in September 2020 and are hoping the collaboration will ensure competition in the legal information search market.
The fifth iteration of Legal Tech Day in Stockholm, organised by LegalWorks, was impressive. Not only was there a great speaker line-up, but the panels were dynamite and very well moderated. There were lots of international tech providers and the break-out sessions were well-attended. And it was a pleasure to see that the Swedes have solved the gender imbalance common at conferences in the industry. A key takeaway: less than half of Sweden’s general counsels have started to automate their work, representing a great opportunity for legal tech providers.