Yes – there is no easy button – but far more streamlining is coming and higher order work streams are on the march in data science …
Goldman Set Out to Automate IPOs and It Has Come Far, Really Fast (via Bloomberg Tech)
From the article – “A computer-based interface called Deal Link has replaced informal checklists that were once tended and passed down between generations of rainmakers. It now arranges and tracks legal and compliance reviews, fills in forms and generates reports.”
Sounds just like law-law land. This is why I teach both legal technology and process improvement to lawyers — because the combo is very potent.
McDonald’s Hits All-Time High as Wall Street Cheers Replacement of Cashiers with Kiosks (via CNBC)
Why Artificial Intelligence Might Replace Your Lawyer (via OYZ)
“It’s the alignment of tech and economics that is allowing all this stuff to start moving … The real roll-up of all this isn’t robot lawyers, its financialization, with law becoming an applied branch of finance and insurance” says Daniel Martin Katz, professor at Illinois Tech’s Chicago Kent College of Law.
As Goldman Embraces Automation, Even the Masters of the Universe Are Threatened (via MIT Technology Review)
STEM > Cult of the Expert in finance and otherwise … #FinLegalTech