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How to Create Simple Smart Contract

I.            Introduction It can be quite challenging, especially if you are new to this field, to learn and understand the technology supporting smart contracts. Even experienced developers are frequently taken aback by how complicated creation of smart contracts might be. With this article, our intent is to delve into basic technical details of creating smart contracts. […]

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Legal Analytics: Benefits and Limitations

I.            Introduction In the modern world, the wheels of technology and innovation are spinning faster with each day that passes, and the wind of discovery is reaching almost all paths of sectors of life, and the legal sector is here no exception. One of ways the legal sector is changing lies within the introduction of technology […]

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The Birth of a New Legal Era: Decentralized Justice

I.            Introduction Nowadays, phrases such as ‘the justice system can not be trusted’ have become common language. The extremely long and dense processes often lead to unresolved conflicts and miscarriage of justice. The traditional system has many times been proven as inefficient, not only for handling domestic cases, but also a large number of cases across […]

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Legal Chatbots and Increasing Productivity of Legal Practice

I.            Introduction Although the trend in recent years is changing, the “time is money” aphorism is still present among lawyers since most of them charge for their services on an hourly basis. However, not every task of running a legal practice is billable, in fact, most of them are not. 2020 Legal Trends Report found that law firms […]

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Legal Technology: Defining Scope and Usage for Meaningful Discussion

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, e-discovery, competition law etc.), while on the other hand, some define Legal Technology from the other perspective, in particular how particular technology is applied to the […]

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Introduction to Smart Contracts

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 […]

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How LegalTech Digital Platforms can Accelerate Development of Entire LegalTech Sector

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 […]

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How Data Visualisation Can Support Legal Sector

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 […]

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What is Legal Design and Why it Matters?

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 […]

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UBERISATION OF LEGAL SERVICES: “Just in time and just enough of legal services”​

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. […]

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Legal Research

Legal Research of LegalTech is creative activity and the process of identifying and retrieving information necessary to support legal decision-making.

Legal Assistance

Legal assistance means provision of legal advice, counseling and representation by a competent lawyer with sufficient expertise in certain field of expertise.

Legal Innovation

Legal Innovation is a set of steps where the goal is to made legal practice more efficient. As a consequence clients get valuable legal solution.

Legal Design and Gamification

Legal design is the application of human-centered design to the world of law, to make legal systems and services more human-centered, usable, and satisfying. Gamification is a step further, where adding game elements encourage user to achieve certain goal.

Legal Automation and Process Improvement

Legal automation and process improvement is execution of legal tasks, processes, and workflows, in part or entirely performed by machines previously trained by experts.

Legal Marketplace

In the legal market legal services are provided either by the automated platform or a lawyer. Legal marketplace concentrate legal services and facilitate its delivery to the users.

What you will like about LexRatio

LexRatio mission is to encourage LegalTech enthusiasts and the ones interested in LegalTech to take the initiative and use the technology while making the law more accessible and effective. LexRatio aim is to aggregate fragmented and sometimes confusing information on LegalTech and present it in simple and structured manner.