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Law as currently practiced, does not require much capital. You're correct about that. But legal services in general are an expensive, labor-intensive craft ind
by eldavido 7y ago
Law as currently practiced, does not require much capital. You're correct about that.
But legal services in general are an expensive, labor-intensive craft industry. Just like any craft industry, there's probably scope for low-touch industrialization alongside high-end bespoke craftmanship. Clothing is a good example of what I'm talking about--rich people have tailors, everyone else buys off the rack. What you have now in law and may other professions only works for the high-touch case.
Atrium (google them) is trying to get around this by having a traditional high-touch law firm use a lot of software provided by a standard silicon valley-financed venture capital startup. They're basically laundering legal fees to the startup side via the law firm. I'm not sure of the exact legalities but we need more stuff like this.
Access matters. A system that, for completely well-intentioned reasons, attempts to guarantee that everyone only gets the best, means the low end will never have access at affordable rates. It's simple economics. Until practitioners work for free (they won't), or there's some way to do things more cheaply, the bottom won't get served.
- rayiner 7y agoThe atrium model isn’t problematic at all. Law firms use software built by third parties all the time. (West Law, document review platforms, etc.) You don’t need to permit non lawyer ownership of law firms to have that.