Question: Will the future of law be determined by humans or algorithms? More: https://www.legalcomplex.com/blog/2016/01/27/the-future-of-law-and-why-lawyers-may-save-humanity/

1. The Future of Law

2. And if Robots replace Law..

3. What will happen?

4. From Courts to Code..
From Prediction to Prescription..
From Advice to Algorithm..
..we will be going

5. - From Courts to Code -
A Case Study of The Netherlands

6. In 2014, there were 1.3 million cases
A 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

7. ..most were Civil disputes
920,700 (70%) cases in 2014
Source: cbs.nl
Admin Criminal Civil

8. ..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%

9. ..if over 70% of conflicts stem from contracts
Or 35% due to no formal agreements

10. ..then maybe we should make contracts smarter
Or make it easier to settle disagreements

11. Let’s take Intellectual Property..
Intellectual Property
2%

12. Smart music contracts using Ethereum (Blockchain)

14. ..or protect copyright

17. ..and your Free Speech

19. all powered by Blockchain

20. ..and why it’s so popular with Legal

21. We could also settle our disputes online

22. ..with Online Dispute Resolution (ODR)
UK Online Dispute Resolution Advisory Group, February 2015

23. ..and crowd-source a ‘Jury’ in a civil law system
UK Online Dispute Resolution Advisory Group, February 2015

24. ..to resolve even the highly emotional ones
Divorce
55%

26. ..and save up to half a million with DIY Divorce

27. - From Prediction to Prescription -

28. Prescriptive Analytics is considered bleeding edge..
Outsell CEO Topics Data Business Fundamentals 24-nov-2015, p.9

29. …but Legal is already there
Outsell CEO Topics Data Business Fundamentals 24-nov-2015, p.10

30. - From Advice to Algorithm -

31. Back to our 920,700 Civil disputes
and to the revelation
Source: cbs.nl
Civil

32. Only 9,867 (1.07%) were
published in 2014
what if they all were?
*Source: rechtspraak.nl

33. 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
Procurement
Labor
DueProcess
Eurpoean
Property
Bankruptcy
IntellectualProperty
International
Competition
Corporate
Divorce
Contract
Undefined

34. Leaving 99,73% of cases
unusable for analytics..
without the proper algorithm to tag them
Civil Cases 2014
2,472
918,228

35. ..equal to 15 million civil cases over 18 years
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Source: cbs.nl

36. ..enter Machine Learning

37. and the Players..

38. Well, actually..
Versionone.vc

39. Not yet in the Legal Industry
Versionone.vc

40. Not in every sector, definitely not in Legal
Versionone.vc

41. 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

42. ..and who will create these algorithms?

43. Legal Professionals

44. because if they don’t, we’re doomed 😢

45. www.Legalcomplex.com/blog