In this LexCast, we will be talking about LegalTech and its impact on Swiss firms and in particular Swiss law firms. LegalTech is currently rising all over the world and increasingly enters the traditional legal market. With its Focus Area "AI and Digitalisation" Froriep has already delved into the field of digitalisation and now takes a closer look at LegalTech during this LexCast.
Now more than ever, the technological revolution is pushing the boundaries of usual practices in all spheres of our society, including the dispute resolution field. The question is whether justice, the epitome of human creation, will one day also be replaced by artificial intelligence ("AI"). In this blog we look at some examples of how and where technology has already impacted the adjudicatory process as well as the current discussion on whether it is advisable or not to automate judicial decision-making processes.
Chatbot technology is disrupting the ways in which companies interact and engage with their customers. As software has become more and more sophisticated and artificial intelligence and natural language processing more developed, the use of chatbots has significantly increased in the last few years and is expected to grow further. In this blog post, we will provide an overview of the legal considerations connected with the use of chatbots.
The hype around initial coin offerings and new DLT-protocol launches has calmed down. The technology has proven its ability to revolutionise the financial market industry, but also other industries, by serving as an infrastructure where physical and digital assets or financial instruments can be tokenised in rivalrous cryptographic tokens and exchanged in a secure, cost-efficient and reliable manner. The next stage for DLT-technology to enter into full productivity is to have built the surrounding infrastructure, tools and service providers. Trading signals and copy trading are among such additional tools.
Artificial Intelligence («AI») has and will continue to have an increasing impact on our everyday lives. Although AI in general is only at its inception phase, when it comes to medicine it already has a track record in particular in terms of pattern recognition. The application of machine learning systems may even help to develop and fight the current Covid-19 crisis. At the same time, this adds to the need to find out how AI should be addressed from a legal perspective, which the European Union («EU») White Paper on Artificial Intelligence intends to outline.