The Nordic region has for several years now been an early adopter of new legal tech. Where some markets in Europe have sat on their hands, Danish, Swedish, Norwegian and Finnish law firms have charged ahead and made use of AI and automation systems – see this feature Artificial Lawyer did on the subject as a case in point.
So, it’s a pleasure to share with you a collection of market views from across the Nordic region, from mostly law firms, plus a couple of local tech companies, all assembled by Mikkel Boris who does PR for Contractbook and is the editor at Denmark’s very own LegalTechWeekly. The views cover AI, automation and what more broadly they think will happen in legal tech this year.
Dottir – Partner, Daniel Stranius
Legal tech is still lacking the Slacks and Typeforms – well-designed and easy-to-use solutions that truly make everyone’s life easier.
Borenius Development Director, Niko Jakobsson
We will see acquisitions and mergers as a vendor strategy to deliver more integrated solutions to the law firms. However, wrestling with different platforms and applications, and risking error with duplicate data entries will remain as the main concerns of the risk management and the user point of view
Simonsen Vogt Wiig Chief Digital Officer, Peter van Dam
We expect a lot from legal tech and there are many promising trends: Our standard documents need to be automated, our standard complex processes need to become self-service, the ‘standard’ high volume processes need to be optimized using machine learning algorithms.
BAHR Knowledge manager, Henrik Fagerholt
Law firms are still in the first wave of utilizing new technology. They have started to use and adopt technology, but are yet to change the way they work and deliver their services. In order to extract the full potential lawyers need to change. Law firms that do not will slowly become more and more inefficient.
Lawbotics CEO, Merete Nygaard
Here in Norway, where several law firms have begun to use legal tech in order to streamline some of the more ordinary tasks. I think, and I may not be completely unbiased, that 2019 will be the year where most people will use document automation. It is perhaps the most basic tool for lawyers to start using without having to change their habits too much
Synch Law Head of Digital Services, Magnus Sundqvist & Lawyer/developer Sergii Shcherbak
The pace of disruption will accelerate. Traditional legal markets will be heavily influenced by successes in neighbouring jurisdictions which are more innovative and adaptive to change. Unwieldy Legal Tech landscapes will become more vibrant mostly with the help of outside actors, who already have a good track record in practical innovation in their home markets. How close the above predictions are to reality – time will tell.
Gorrissen Federspiel Partner, Tue Goldschmieding
We will also begin to see concrete examples of AI in use, and these solutions will reflect a more realistic level of expectation in relation to the use of AI in legal tech for the next 3 to 5 years. We expect the number of Danish legal tech companies to grow within new business areas. However, we also expect that a number of the many solutions developed in connection to GDPR will disappear from the market during 2019.”
Kammeradvokaten Partner, Thomas Ilsøe
The legal industry is going to play an important role ensuring that the rule of law and the democratic mindset is incorporated into the digital transformation of society. Since digitisation must take place in a responsible manner, so data ethics will also be a key concept in 2019. The large investments in 2019 will also reflect this.
Plesner Partner Niels Christian Ellegaard
We will begin to see more solutions that cover more than one flank, we will also see more acquisitions and a general consolidation of the market. In the long term, you will either eat or be eaten; so you need a well-developed roadmap as a legal tech supplier.
Contractbook Suits CEO, Niels Martin Brøchner
Clients will get better insights to what the lawyers are doing, and the lawyers will get more data to make better decisions and deliver a more proactive service. [This] will improve clients’ legal situations and increase lawyers’ revenue so there are clear financial incentives to incorporate this approach here and now. I think it will be a huge boost for legal tech and digital transformation of the legal profession as a whole.
DAHL LAW Commercial Director, Anders Madsen Pedersen
A few years ago we started working with artificial intelligence and process automation, and more people will join the movement in 2019. So, you have to decide whether you want to be ‘first mover’ or ‘fast second’. It is time to make a digitisation strategy if you haven’t already got one because there lies the answer.
Many thanks again to Mikkel, the full views can be seen here. Which reminds me, Artificial Lawyer founder, Richard Tromans, will be speaking at the 10TH ANNUAL VQ FORUM ON 17 OCTOBER 2019 in Stockholm, Sweden – tickets go on sale 15th March. Looking forward to catching up with all the Nordic legal tech folk there!