The #MakeLawBetter Confernce – Presented by The Law Lab at Illinois Tech (Chicago Kent Law)

On August 15, 2019 – The Law Lab at Illinois Tech Chicago-Kent College of Law presents #MakeLawBetter – A Conference on Legal Innovation. Tickets are *FREE* but registration is required. So please visit makelawbetterconference.com for a registration link.

Continuing its legacy as an academic leader in legal technology and innovation, Chicago-Kent will bring together a wide-ranging and diverse group of industry leaders and academics for this day long event. Speakers will be announced over the coming weeks but videos from previous Law Lab events can be found at TheLawLabChannel.com

We will see you in Chicago on 08.15.19 ! #LegalInnovation #LegalTech #LegalData #LegalEducation 
#LegalTechnology #LegalAI

Harnessing Legal Complexity – Bring Tools of Complexity Science to Bear on Improving Law (Ruhl, Katz & Bommarito in Science Magazine)


We have been working in the field of Law + Complex Systems for more than a decade (starting during the time that Mike Bommarito and I were graduate students at the University of Michigan Center for the Study of Complex Systems) – today we took a big step forward with publication our article in the March 31 Edition of Science Magazine. It was a great pleasure to work with J.B. Ruhl & Michael Bommarito
on this paper!

Measuring the Temperature and Diversity of the U.S. Regulatory Ecosystem (Preprint on arXiv + SSRN)

From the Abstract:  Over the last 23 years, the U.S. Securities and Exchange Commission has required over 34,000 companies to file over 165,000 annual reports. These reports, the so-called “Form 10-Ks,” contain a characterization of a company’s financial performance and its risks, including the regulatory environment in which a company operates. In this paper, we analyze over 4.5 million references to U.S. Federal Acts and Agencies contained within these reports to build a mean-field measurement of temperature and diversity in this regulatory ecosystem. While individuals across the political, economic, and academic world frequently refer to trends in this regulatory ecosystem, there has been far less attention paid to supporting such claims with large-scale, longitudinal data. In this paper, we document an increase in the regulatory energy per filing, i.e., a warming “temperature.” We also find that the diversity of the regulatory ecosystem has been increasing over the past two decades, as measured by the dimensionality of the regulatory space and distance between the “regulatory bitstrings” of companies. This measurement framework and its ongoing application contribute an important step towards improving academic and policy discussions around legal complexity and the regulation of large-scale human techno-social systems.

Available in PrePrint on SSRN and on the Physics arXiv.