The phrase Legal Tech is a hot topic in legal circles. But how can the term Legal Tech (sometimes also Legal-Tech or LegalTech) be defined?
The Law Insider Legal Tech Blog offers the following definition at http://www.thelawinsider.com/insider-news/what-is-legal-tech/:
"The phrase legal tech is nothing new. It refers to legal technology/software that helps law firms with such things as practice management, document storage, billing, accounting and e-discovery."
Another interesting defintion can be found in Wikipedia:
"Legal technology, also known as Legal Tech, refers to the use of technology and software to provide legal services. ][...] Since 2011, Legal Tech has evolved to be associated more with technology startups disrupting the practice of law by giving people access to online software that reduces or in some cases eliminates the need to consult a lawyer, or by connecting people with lawyers more efficiently through online marketplaces and lawyer-matching websites."
Legal technology. (2017, February 9). In Wikipedia, The Free Encyclopedia. Retrieved 08:17, February 20, 2017, from https://en.wikipedia.org/w/index.php?title=Legal_technology&oldid=764537326
In an interview with the DiALOG Magazine, Marie-Alix Freifrau Ebner von Eschenbach, Managing Director of the Bundesverband der Unternehmensjuristen e.V. (BUJ), comments on the opportunities of digital tools, the challenges of LegalTech products and the role of the BUJ.
Amongst other things, she introduced the working group LegalTech of the BUJ:
"Our working group LegalTech is particularly concerned with the questions surrounding the use of LegalTech in the legal departments and the associated legal challenges. We want to clarify for our members what LegalTech is actually, which LegalTech solutions we can use in German companies and how LegalTech has an impact on the organization of our legal department and legal advice, for example, who is liable for the use of LegalTech solutions for errors in legal advice."
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