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The Lawyer of the Future as “Transaction Engineer”: Digital Technologies and the Disruption of the Legal Profession

In: Legal Tech, Smart Contracts and Blockchain

Author

Listed:
  • Mark Fenwick

    (Kyushu University)

  • Erik P. M. Vermeulen

    (Tilburg University
    Philips Lighting)

Abstract

This chapter introduces two connected arguments about the future of the legal professionLegal profession . First, the ongoing “digital revolutionDigital revolution ” will continue to disrupt legal work as it has traditionally operated. Various aspects of this disruption are outlined. Second, in contrast to previous technological revolutions, the “deployment” of disruptive innovationDisruptive Innovation in the context of the digital revolutionDigital revolution seems unlikely to be primarily “state-led.” Instead, new technologies will be deployed by a coalition of diverse private actors (entrepreneurs, technologists, consultants, and other professionals) working in collaboration. Crucial amongst these actors will be the lawyer of the future operating as “transaction engineerTransaction engineer .” The chapter outlines this transaction engineerTransaction engineer function and its importance in the deployment of emerging digital technologies.

Suggested Citation

  • Mark Fenwick & Erik P. M. Vermeulen, 2019. "The Lawyer of the Future as “Transaction Engineer”: Digital Technologies and the Disruption of the Legal Profession," Perspectives in Law, Business and Innovation, in: Marcelo Corrales & Mark Fenwick & Helena Haapio (ed.), Legal Tech, Smart Contracts and Blockchain, pages 253-272, Springer.
    • Handle: RePEc:spr:perchp:978-981-13-6086-2_10
    DOI: 10.1007/978-981-13-6086-2_10
    as

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