MaRS (www.marsdd.com) have launched LegalX. A community and program to drive legal technology, innovation, and thought leadership. It is the brainchild of Aron Solomon and Jason Moyse, two recovering lawyers driven to help inspire productive and meaningful change to how legal services are delivered.
I was fortunate enough to be asked to present Beagle (www.beagle.ai) and be on the panel at the LegalX kick off event in Toronto ON on June 22nd at the MaRS facility. It was a great event, great attendance, and of course some pre and post mixing and mingling. Over the course of the event there are three things I learned.
- LegalX is very much needed.
- The quality of the panelists, movers and shakers is unbelievable.
- The opportunities in legal tech are endless.
Well done to my friends Aron and Jason for their efforts in putting LegalX together. Why is LegalX needed? Legal services are not just lawyers delivering briefs, writing contracts, or standing up in court. Everything we do as part of a civilized society revolves around rules, regulations and procedures. So much of that infrastructure, forms, applications, check lists, etc. is based on old technology or no technology at all. LegalX brings global attention, and invitation to updating everything related to legal services. It tells everyone, "it is OK to change". With Aron and Jason leading the charge, with their extensive network, the message will be loud and clear.
The quality of the panel was fantastic. Sanjay Kamlani (Founder of Pangea3), Monica Bay, (CodeX fellow at Stanford Law, and seasoned legal journalist), Mitch Kowalski, (Professor, global thought leader and celebrated author legal services), Dan Lear, (Connection builder, recovering lawyer, and a huge advocate of legal innovation), Noah Waisberg (Founder and CEO of Kira Inc. www.kirasystems.com), Aron, Jason, and myself. The questions, and conversations were dynamic, rich, thoughtful and relevant. Too often panels become self promotion stories. This was very different. It showed a diverse group with different approaches, all revolving around the central issue of changing how legal services are delivered. I was so fortunate to be asked to contribute and be part of such an esteemed group.
And finally, legal tech is ripe for picking. Companies like Law Scout, ClauseHound, Ross, Kira, and of course my own Beagle, are just a handful of companies driving to make a difference in how legal services are provided. We are not even scratching the surface on the potential. $800 Billion is spent annually on Legal Services, yes that is a B not an M but a B. $800 Billion is a Big number. Innovation, change, modernization is needed, and the time is now.
My call to action here is to look at what you do on a day to day basis, see what is broken, and at the very least talk about it. Get the ideas out in the open. LegalX is the place to do that. Again my thanks to Aron, and Jason for their outstanding efforts, my fellow panelists for their commitment, and the attendees for being part of change!