1. Chief Innovation Officer
Legal Innovation
Deakin Law School
Melbourne, Australia
24th May 2017
Toby Unwin
Chief Innovation Officer
Premonition LLC

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

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

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

5. Why?

6. Who are the good Lawyers?

9. How long does a lawsuit last?

11. How much does a lawsuit cost?

13. Is justice blind?

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

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

17. 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…

18. 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

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