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

Mark Fenwick () and Erik P. M. Vermeulen
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Mark Fenwick: Kyushu University
Erik P. M. Vermeulen: Tilburg University

A chapter in Legal Tech, Smart Contracts and Blockchain, 2019, pp 253-272 from Springer

Abstract: 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.

Keywords: Blockchain; Digital revolution; Disruptive innovation; Lawyers; Legal profession; Smart contracts (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:perchp:978-981-13-6086-2_10

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DOI: 10.1007/978-981-13-6086-2_10

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