We live in an era of unprecedented technological change. Against that backdrop, Australian companies are all busy disrupting, transforming, getting agile and going digital. Companies are using a range of initiatives to make sure they are the ones to get an early start and not be left behind by the next big thing in their …
Continue reading In-house lawyers and the innovation economy
Blockchain, the emerging peer-to-peer distributed ledger technology, has continued to make recent headlines in the business and legal media. Blockchain underpins a new generation of disruptive transaction technologies, by promising trust for users and eliminating the need for intermediaries. Blockchain can also combine with “smart contracts”, or ways of embedding contract terms and functions in our digital or physical world.
Hardly a day goes by without the business and legal media reporting different versions of a story with the same theme: new technologies and automation are on the cusp of replacing a whole range of professional services, including within the legal sector. The inevitable result, so the story goes, will be less need for lawyers. …
Michael Milnes 