Cutting edge research delving into how blockchain, artificial intelligence and the internet of things, will be discussed at a major legal innovation conference in Sydney today.
The 2018 Future of Law and Innovation in the Profession (FLIP) Conference will provide a snapshot of the near future for lawyers and outline how they should embrace innovation and new technologies.
Law Society of NSW President, Doug Humphreys says itâs important lawyers understand how technology will affect the way they practice in the future.
âArtificial Intelligence. Blockchain. The Internet of Things. At no time in the brief history of legal technology has there been a convergence of so many powerful new innovations, each creating both opportunities and perils for how lawyers can serve their clients,â Mr Humphreys said.
âOur members are hungry for information about innovation and technology that will shape the legal industry of the future.
âThe conference will be an opportunity to hear from international speakers and some of the top legal innovators, thinkers and founders working at the cutting edge of Australiaâs legal landscape, about whatâs in store for the future of legal practices in this country.
The Law Society of New South Walesâ Future Committee recently published a report titled âThe Future of Law and Innovation in the Professionâ.
âThe report recognised that the legal profession is undergoing change at a pace never before experienced and in unforeseen ways,â said Mr Humohreys.
âThis change has major ramifications for not just the legal profession, but for clients and society more generally, particularly in relation to access to justice.
Extensive research into LegalTech is currently being undertaken as part of a partnership between the Law Society and The University of NSW.
In March this year, the Law Society committed $1.25 million towards the partnership.
Todayâs conference is being held at the Sofitel Hotel in Sydneyâs Darling Harbour.