1.The MIT School of Law A Perspective on Legal Education in the 21st CenturyProfessor Daniel Martin Katz Assistant Professor of Law

2. Where Do Things Currently Stand? 3. 44,000 ~ Graduating Law Students 4. 22,000 ~ Net Law Jobs (per year) projected over next decade**** Includes Projected Retirements 5. The Legal Employment Crisis 6. Is More Than Just a Recession 7. Two Trends Are In Play 8. Structural and Cyclical 9. Structural Started Before The Recession 10. Those Jobs Will Not Return 11. Welcome to Laws Information Revolution 12. Revolution Already In Progress 13. Since 1998 The Core of the Legal Industry Has Experienced Very Little Net Job Growth 14. Since 2005 Other Legal Services have experienced double digit year over year growth 15. The Current Market Offers Peril for Some Possibility for Others 16. In Light of State of Market for Legal Services ... 17. How Do We Prepare Our Students to Survive (Thrive) In this New Ordering? 18. Provide them with skills that make them undeniable 19. to do so we must imagine and develop a new type of legal education... 20. Liberal Arts Legal .Edu 21. Liberal Arts Legal .Edu Polytechnic Legal .Edu 22. Some Major Trends in the Legal Services Market 23. Trend 1: General Counsel as Legal Supply Chain Manager 24. What is one major historic barrier to legal innovation? 25. Client Sophistication 26. The Sophisticated General Counsel 27. The Financial Crisis Placed Signicant Pressure on GCs 28. To Control Their Legal Spend 29. Legal was brought in line with the Other C Level Ofcers/Divisions 30. I am not running your training program ... 31. (i.e. Dont Put 1st and 2nd Year Associates on our work) 32. If you want our work you are going to work with other providers 33. The General Counsel as Legal Supply Chain Manager 34. Blended Teams of ProvidersLaw Firm + E-Discovery Firm + Legal Process Outsourcing + Law Division Insourcing + Software/Analytics Firm 35. Legal Supply Chain Mgmt.Data and Logistics = General Counsels as the Maestros 36. Client Sophistication is Critical to this Story ... 37. Client Sophistication has reset historic relationships ... 38. and is a necessary precondition for legal entrepreneurs 39. Trend 2: The Rise of Quantitative Legal Prediction 40. Quantitative Legal Prediction 41. Data Driven Law Practice 42. It Has Already Begun ... 43. The Age of Quantitative Legal Prediction2011 44. The Age of Quantitative Legal Prediction2011 45. The Age of Quantitative Legal Prediction2012 46. Quantitative Legal Prediction - or -2013How I Learned to Stop Worrying and Start Preparing for the Data Driven Future of the Legal Services Industry Daniel Martin Katz Assistant Professor of Law Michigan State University 47. Some Examples 48. Predictive Coding 49. Legal Procurement (High End of Market) General Counsels as Legal Procurement Specialists TyMetrix Using $40 billion in Legal Spend Data to Help GCs Look for Arbitrage Opportunities, Value Propositions in Hiring Law Firms 50. https://lexmachina.com/ 51. The software identies standard and terms in contracts, and its benchmarking tools show lawyers how their current document compares to the standard. 52. Trend 3: Retail Legal Services (US + UK) 53. 70%+ of US does not have a lawyer ... 54. architecting solutions to this problem 55. is extremely valuable 56. but also very meaningful 57. technology aided access to justice 58. Retail Legal Services UK Edition Interesting Models Are Being Developed in UK 59. Retail Facing Legal Services US Edition 60. Trend 4: Law.Tech 61. LegalTechNYC is the largest technology show in the legal industry 62. 12,000+ attend ~ 63. Up to 20 billion dollars of technology/commerce on display****Estimate via Oliver Goodenough of Vermont Law School 64. This Year ... 65. My Friend Bill Henderson ... 66. Took A Photo When We Were At LegalTechNYC 67. He Then Asked .... 68. Who Are These Companies? 69. What are they doing? 70. Process / Project Mgmt. Workflow Optimization 71. Discovery / Document Management 72. Search Info Visualization Automated Document Generation 73. Legal Analytics Legal Prediction 74. Law+Tech Sector is Heating Up 75. A number of venture capitalists have invested in the company, including Silicon Valleys Sequoia Capital which invested $7 million in 2007 .... Reported sale price between $35 million and $40 million. Final Number was likely between $80 - $100 million 76. Some of these are established companies ... 77. But there are many more coming ... 78. https://angel.co/ 79. 15 2009Law or Legal Related Companies 80. 15 2009Law or Legal Related Companies 81. 15 2009300+ 2013Law or Legal Related Companies 82. Trend 5: Tech/Process Infused Law Firms 83. All of this is part of so called #NewLaw 84. These Trends (and Many Others) Point to a Skills Mismatch in the legal market ... 85. In order to fully participate students need a different set of skills 86. What is Needed is 87. Real Innovation Real Competition and 88. An End to the Age of Mimicry 89. In Other Words, 90. Law Schools Should Stop Trying to be the 50th / 100th Best Harvard and Yale 91. Seriously, These Schools Are Not Even That Great ... 92. And The Game Is Rigged Anyway ... 93. The Game Is Rigged Anyway ... 94. Outflank these Schools 95. By Making Their Backhand Your Forehand 96. Just to Make the Point 97. This is a glimpse at the existing prestige hierarchy 98. Daniel Martin Katz, et. al., Reproduction of Hierarchy? A Social Network Analysis of the American Law Professoriate, 61 Journal of Legal Education 76 (2011) 99. Two Institutions Generate a Non-Trivial Fraction of All Law Profs 100. How Many Professors at either of these Elite Institutions ... 101. Seriously Know Anything About ... Legal Information Technology Legal Information Engineering? 102. Not Normative Argumentation or Policy Making 103. But Actually Building Things 104. This Weakness Is Serious Because The Walls that Separated ... 105. Legal Education from the Legal Services Market Are Coming Down 106. Protected from the harsh winds of the markets, legal educators were free to develop a hothouse plant that bore little resemblance to anything that grew in the natural soil of law practice .... The hothouse walls are falling, leaving law schools to cope with markets. Larry Ribstein Practicing Theory: Legal Education for the 21st Century 107. And it is Game On :) 108. Time to Reboot What It Means to Think Like a Lawyer 109. Substantive Legal Exper tise 110. Is NOT Enough 111. {Law} 112. Has Already Become ... 113. TM{Law + Tec h + Design + Deliver y} 114. TM{Law + Tec h + Design + Deliver y} Substantive Legal Expertise 115. TM{Law + Tec h + Design + Deliver y} Substantive Legal ExpertiseAnalytics Platform AI Computing 116. TM{Law + Tec h + Design + Deliver y} Substantive Legal ExpertiseAnalytics Platform AI ComputingProcess User Experience Design Thinking 117. TM{Law + Tec h + Design + Deliver y} Substantive Legal ExpertiseAnalytics Platform AI ComputingProcess User Experience Design ThinkingBusiness Models Regulation Marketing 118. So How Exactly Can We Train Law Students to Thrive in 21st Century Law Practice 119. A Thought Experiment: MIT School of Law 120. Blueprint for Legal Education in the Age of Laws Information Revolution 121. I Guess I Was Fooled Because it Made Tons of Sense 122. Lawyer 2.0 Is A Hybrid 123. Traditional Tasks with the Substantial Aid of Technology 124. New Law & ___ Tasks 125. Extend This Idea to Skill Blending in Many Domains 126. Building The MIT School of Law Attract Inputs (Different Students + Faculty) Train Better Training = Better LawyersPlaceConnect to the Broader Industry Ecosystem 127. MoneyLaw: The Student Admissions Edition 128. Systematically Undervalued By The US News Rankings Posturing 129. Applied Mathematics Computer Science Statistics Economics Engineering Information Science 130. Must Go Out and Recruit Them 131. To Do So, You Need to Make the Case of Why Your School Over Others? 132. Critical Mass Is Important 133. If You Build It They Will Come 134. If You Build It They Will ComeThey Will Come If The Rest of the Team is there to join them 135. Faculty = Having Hiring Lines Biases You To Present 136. The Best Athlete Approach Depends Upon Which Sport You are Playing 137. Basketball Sumo Wrestling Tennis 138. Are You Sure You Have the Right Athletes? 139. Training and Skill Development For Students 140. A Potential Animating Rule ... 141. Every Course Be Evaluated in Light of ... 142. its ability to help students compete in the Legal Labor Market 143. Down Come The Hot House Walls 144. Of Course, There is Uncertainty about What Skills Are Needed 145. 65 percent of current grade-school kids may end up doing work that hasnt yet been invented 146. Response --> Hedge By Providing Lots of Different Types of Skills 147. Diminishing Marginal Returns In Every Class 148. Therefore, Use The Quarter System 149. And Impose More Requirements 150. LAW 151. LAW 152. LAW 153. LAW 154. LAW 155. LAW 156. LAW 157. LAW 158. Who Said This Was Going to Be Easy? 159. Yes, there is going to be math on the exam 160. Capstone is NOT a Paper 161. Unless it is a Business Plan w/ Mkt. Research 162. Students Must Build Something... 163. Legal Incubator/ Startup Legal Info Engineering Lab Quant Legal Prediction Design/Legal Architecture Lab 164. Building The Ecosystem 165. R & D for the Industry (Grant $$) 166. Legal R & D (NSF Funding?) 167. Tech Transfer 168. Venture Capital Angel VCs 169. Strategic Relationships with Key Members of the Industry 170. Again Critical Mass is Very Important 171. As Peer to Peer (P2P) Education is Critical 172. for me ... 173. this is not just a theoretical exercise 174. I have been a law prof for ~20 months 175. my goal is simple -- 176. give students the professional education they need to thrive in this economic environment 177. MichiganState Law we are building out a polytechnic legal education track ... @ 178. We have made very good progress thus far ... 179. We Are Helping Cultivate the Ecosystem 180. Osama Abu-DehaysOmar ChristidisCara DwyerChristopher GroutHussain HadiYousef HamzaSilvia HodgesJames PetersDavid YatesRany SaderDaniel KatzKarnig KerkonianRenee KnakeGeoff Wild(many more speakers to be conrmed)ReInvent Law DubaiA Conference on Law, Technology, Innovation and Entrepreneurship Monday, December 10, 2012 1 to 6 p.m. DIFC Centre for Excellence, Lecture Theater, Level 1 Lawyers, innovators, entrepreneurs, students, developers, and all who are interested in the future of law, technology, or entrepreneurship are encouraged to attend. For more information and to register, visit www.ReInventLawDubai.com. Register today! Registration is free, but seats are limited. Sponsored by Michigan State University College of Laws graduate programs in Dubai Visit www.law.msu.edu/llm/dubai to learn more about Michigan State Laws LL.M. and M.J. degree programs in Dubai. Earn an advanced degree in as little as two years, part-time, at MSU Dubais Knowledge Village campus.Keynote Speaker:Hala Fadel 181. ReInvent Law Dubai 2012TM 182. ReInvent LawTMMarch 8, 2013SPONSORED BY:SiliconValley 2013 www.ReInventLawSiliconValley.comdavid estradajosh beckercharley moorestephanie kimbrosilvia hodgesjason mendelsonkevin colangelochris stonejames petersraj abhyankerHon. Ann Aikened waltersDeven Desaihenry jonesmichael bommaritoron dolindaniel martin katz sean mcgrathbill henderson karnig kerkonianrenee knakeray bayleymark shermanjosh blackmanandy dawstim stanleynicole auerbachtony laisol irvinekingsley martinajaz ahmedrichard granatjohn murdock iiimarci harriscolin rulemichael poulshock 183. ReInvent LawTMSiliconValley 2013 www.ReInventLawSiliconValley.com 184. ReInvent LawChannel ReInventLawChannel.comTM 185. ReInvent LawTMReInvent LawLondon 2013New York 2013June 2013Feb 2014More Free Events Coming Soon! ReInvent.com #ReInventLawTM 186. My Research Group is Actively Engaged in Research that is Relevant to Developing Future Legal/Govt Information Products 187. Here Are a Few Things from Our LabCampaign Contributions and Legislative Ecosystems Six Degrees of Marbury v. Madison3D HD Visualization of Supreme Court Citation NetworkElectronic World Treaty Index The United States Code 188. Here Are a Few Things from Our LabAmerican Federal Judiciary American Law ProfessoriateBuilding New AlgorithmsLarge Scale Judicial Studies 189. Legal Language ExplorerIndexing 450,000+ Cases 190. New Training For A New Type of Lawyer + Emerging Industries 191. TM{Law + Tec h + Design + Deliver y} 192. TM{Law + Tec h + Design + Deliver y} Substantive Legal ExpertiseAnalytics Platform AI ComputingProcess User Experience Design ThinkingBusiness Models Regulation Marketing 193. ReInvent LawTMLaboratory Current Course Offerings: 21st Century Law Practice London Summer Program Entrepreneurial Lawyering Legal Information Engineering & Technology Quantitative Methods for Lawyers Electronic Discovery Law Practice Innovation Virtual Law Practice Tentative Future Course Offerings: Legal Analytics Economics of the Legal Service & Product Market Design Thinking for Lawyers Litigation: Data, Theory & Practice Project Management for Lawyers Technology Aided Document Assembly Legal Process Engineering Artificial Intelligence & LawReInvent.com #ReInventLawDaniel Martin Katz Co-DirectorRenee Newman Knake Co-DirectorSponsored By: 194. The MIT School of Law 195. Dont Expect A New Law School in Cambridge, MA 196. What I Am Really Saying Is ... 197. the Future is Not Self-Executing 198. it is up to all of us ... 199. lets go make it happen! 200. Daniel Martin Katz Assistant Professor of Law Michigan State Universityhttp://about.me/daniel.martin.katz computationallegalstudies.com reinventlaw.com@ computational