Chief Innovation Officer Legal Innovation Deakin Law School Melbourne, Australia 24th May 2017 Toby Unwin Chief Innovation Officer Premonition LLC tu@premonition.ai

Chief Innovation Officer Legal “Innovation” Deakin Law School Melbourne, Australia 24th May 2017 Toby Unwin Chief Innovation Officer Premonition LLC tu@premonition.ai

Why is legal technology so bad? Toby Unwin Quora.com Article View Stats Lack of data Buyers aren’t users Hourly billing

“Every great change in law will come from transparency.” - Toby Unwin

Why?

Who are the good Lawyers?

How long does a lawsuit last?

How much does a lawsuit cost?

Is justice blind?

“Every great change in law will come from transparency.” - Toby Unwin

Transparency Brings… An efficient market Competition Price comparison The best earn more The worst must discount, or exit the market

Flat fee billers earn 20% more… We can’t all be first Where true competition starts. Competition on items other than win rate. Cost Time Flat fees Flat fee billers earn 20% more…

standard Flat fee billing Law will get cheap Law will get FAST Time finally equals money to law firms. Lawyers push opposing counsel to be quicker. To settle sooner. Aggressive representation is rewarded. Time wasting is eliminated It actually pays to implement technology Automation Artificial Intelligence When Legal “Innovation” Becomes Legal Innovation

But nothing will happen Until Law is Post Transparency 2017 A.D. (After Data) Toby Unwin Chief Innovation Officer Premonition LLC tu@premonition.ai