14th FRAP – Finance, Risk and Accounting Management Perspectives Conference @ Oriel College – Oxford

Tomorrow I will presenting initial results for my new project called ‘Law on the Market’ (co-authored with Jim Chen, Michael Bommarito & Tyler Soellinger) at the Oxford FRAP Finance Conference at Oriel College!

Law 2050 – A Forum about the Legal Future (via JB Ruhl @ Vanderbilt Law)

Screen Shot 2014-09-02 at 10.47.19 AMLaw 2050 is a blog operated by J.B. Ruhl from Vanderbilt Law School in conjunction with his course on legal futurism offered to 2L + 3L students @ Vandy.  There are two major classes of legal futurism and J.B.’s course does a nice of covering both.

First, there are changes in the world that require lawyers, judges, lawmakers, etc. to develop new legal rules to take stock of shifting realities over time.  Driverless cars and drones, 3-D printing, the internet of things, humans living until age 120, climate change, augmented reality and many other related innovations/developments will transform society. Law schools must produce agile and creative lawyers who can craft appropriate solutions to these developments (as they come online).  Lawyers who are able to operate in such ever changing environments are the true value creators whose bespoke expertise will *never* be subjected to automation, etc.

Changes in way the lawyer work is the other class of changes for which we must prepare our students. Technology, design thinking, process engineering (lean six sigma, etc.), analytics, outsourcing, etc. have already changed and will continue to modify the legal production function.  Law’s information revolution will continue to unfold and creep up the value chain.  Organizing / managing / participating in this unfolding dynamic is also a form of bespoke activity. Unfortunately for many students at many schools, it has received very little (typically zero) curricular coverage (with MSU (and Vandy) excluded).

Students in J.B. Ruhl’s Law 2050 course are extremely lucky as they get the opportunity — while in law school — to consider how they fit into one or both of these forms of legal futurism.