Welcome to LexRatio web page. This page contains plenty of useful information about LegalTech.
When discussing about Legal Technology, or shortly just LegalTech, we may quickly get uncomfortable, since one might have in mind the law to which certain technology applies to (e.g. #fintech, #regtech, #ediscovery, #competitionlaw etc.), while on the other hand, some define Legal Technology from the other perspective, in particular how particular technology is applied to the law. Such examples are #contractautomation, #contractreview tools, #machinelearning, #casemanagement software, #chatbot, etc. Both […]
I. Introduction Smart contracts are becoming more and more important and represent an integral component of many digital platforms and applications through the usage of Blockchain. In this article, we shall pinpoint what you need to know as to what are smart contracts, their advantages, and spotlight some functions of smart contracts through to their actual […]
During the pandemic we have seen many incentives and new legal tech solutions in legal market, especially as the legal industry scrambled to accommodate remote workflows during the pandemic. What is more, in 2021, the LegalTech market generated revenues of 18.43 billion U.S. dollars worldwide, with the market forecast to grow at a compound annual growth rate (CAGR) of […]
The legal industry has not fully embrace the potential of legal data. Legal data represents various data included in different sources of law, from legal theory data to data generated through legal practice. Legal documents, legal knowledge base, spreadsheets, billing systems, policies, emails and external data sources such as case law and legislation are stored […]
For an average person, decoding the law can be very challenging. What is more and legal experts will (surely) agree, is that law can be sometimes hard to understand even among lawyers. In this hyper-regulated world with uncountable number of legal rules, explaining the law has sometimes became mission impossible. If we add unstructured legal […]
Today’s users are becoming more and more demanding when talking about delivery of wide range of services. The Internet and Mobile technologies result in radical transformation of connecting demand and supply with the support of the technology and data analytics. Sharing economy model’s ultimate goal is to connect customers to service providers in innovative ways. […]