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Platform economies challenge lawyers

Platform economies challenge many legal paradigms – and consequently the whole legal profession. First I would like to describe how platform economy differs from a traditional value chain based pipeline industry where most lawyers have got their experience from. In the end of this article I list the many areas of law that are undergoing a transformation and put judgement skills of lawyers to the test.

jens-nasstrom

The Legal mind in the digital world

The ushering in of the fourth industrial revolution fundamentally has two dimensions, or perhaps rather two poles on a spectrum; the strategic and the tactical. The contours and the undercurrents of the strategic vector have been well profiled in the summary report of the survey of the 60 General Councils in this report. My own research and work is focusing more on the impact of the IT revolution on the everyday work (i.e. the tactical dimension) of lawyers. While lawyers always have been an elite profession when it comes to performance – putting in those long yet highly qualitative hours – the conditions for the work itself has been radically transformed in the last decade.