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At the top end, human expertise will still be necessary. For example here is some recent work over the last few days at a leading London law firm. " ... is a
by cant_kant 11y ago
At the top end, human expertise will still be necessary.
For example here is some recent work over the last few days at a leading London law firm.
" ... is advising GE on the intellectual property, know-how and information technology aspects of the potential sale of GE’s Equipment Finance and Receivables Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel.
We are working with Bredin Prat and Hengeler Mueller who advise on certain French and German IP and technology aspects of the transaction."
https://www.slaughterandmay.com/news-and-recent-work/recent-work/recent-work-items/2015/slaughter-and-may-is-advising-ge---ip-know-how-and-it-aspects-of-potential-sale-of-equipment-finance-and-receivables-finance-businesses.aspx https://www.slaughterandmay.com/news-and-recent-work/recent-...
" ... advised Santander UK Group Holdings plc on its issue under its EUR 30 billion Euro Medium Term Note Programme of JPY 3,000,000,000 0.557 per cent. Notes due 2018 and JPY 27,000,000,000 0.787 per cent. Notes due 2020.
The Notes are dual-listed and have been admitted to listing and trading on the Global Exchange Market of the Irish Stock Exchange and the TOKYO PRO-BOND Market of the Tokyo Stock Exchange, Inc.
Mizuho International plc and Nomura International plc acted as Joint Lead Managers on the issuances."
https://www.slaughterandmay.com/news-and-recent-work/recent-work/recent-work-items/2015/slaughter-and-may-advised-santander-uk-group-holdings-plc---issue-under-its-eur-30-billion-euro-medium-term-note-programme.aspx https://www.slaughterandmay.com/news-and-recent-work/recent-...
Bespoke work like this will still have human lawyers guiding and monitoring the course of the transaction.
At this level, the cost of elite lawyers is less than a rounding error on the balance sheet.
- casaloma 11y agoThis misses that: (1) Though the work in aggregate may be highly complex, it is disaggregatable. A very significant portion of the overall cost of these bespoke matters is composed of automable work (e.g., diligence, preparing closing documents). Humans may guide and monitor, but that could exist with significant changes to how legal work gets done. (2) While "the cost of elite lawyers is less than a rounding error on the balance sheet”, most serious companies (e.g., GE) take efficiency very seriously in their businesses overall. Why would they not expect and push for it with their outside lawyers?