Lawyer Meets Developer

Abstract

This chapter investigates how those in working in law and technology can and should work together to develop superior legal technologies, particularly in the context of legally binding smart contracts. It looks at contemporary models of interdisciplinary collaboration—including global consortia and strategic partnerships between law firms and technology companies—and considers how existing strategies to build legal technology could be applied to the challenge of developing distributed ledger solutions such as smart legal contracts. Working in tandem, lawyers and developers can build, deploy and scale smart legal contracts more efficiently; leveraging their expertise to break new ground, without diluting their core competencies. This approach will enhance the way lawyers work and democratize access to their services, while improving return on technology investment. By contrast, working in silos, these stakeholders risk misunderstanding part of the problem they are trying to solve. This chapter concludes by considering how lawyers can further stimulate the uptake of smart legal contracts by applying their skill-set to the development and adoption of international standards that are crucial for the sustainable growth and quality management of emerging legal technologies.