Good lawyers have nothing to fear from technology, says Juro CEO
Juro CEO and cofounder Richard Mabey expressed his view that the legal services industry has a bright future ahead of it. In a wide-ranging interview with Forbes’ Philip Salter, following the recent $750k investment in Juro by Point Nine Capital, Seedcamp and the founders of Gumtree and Indeed.com, Richard told Forbes readers of his positive vision for the future of legal.
“Technology will not replace lawyers, it will help them work smarter”, Richard told Forbes’ readers, leveraging his experience as a former Freshfields lawyer turned legal designer and technologist. Richard works every day with forward-looking legal teams who increasingly embrace technology as a way to focus on higher value work.
He went on: “We see a future where grunt work will be automated through artificial intelligence, and human judgement deployed where needed.
Good lawyers have nothing to fear from technology. For established firms this may even lead to increased fees, as they will be able to focus their time on higher value work. On top of this their employee churn should decrease as junior lawyers spend less of their time proof-reading and more time on the work that they studied for years to do.
The players that will struggle are those charging hundreds of pounds per hour to do work that a computer can do…but they can save themselves through early adoption of technology and their own innovation. It’s a bright future and we are proud to be playing our part.”
Juro continues to lead the field of next generation contract management solutions. By placing data at the heart of our platform, Juro delivers an end-to-end contract solution that fundamentally re-imagines the world of legal and saves customers up to 75% of time spent on contracts.
You can read the full interview in Forbes here.
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