3 weeks ago the DreamDao bootcamp started, and I became a participant in this, when I was applying I had a really vague notion of web3, I learned about the basics of NFTs, DAOs, Blockchain, etc.

It was great but as a good law student I started wondering, how can web3 impact or is impacting this sector and I found out about LEGALTECH,

(Disclaimer: This is more like a diary entry for me to see how my thoughts and knowledge evolutions with time and as I get more into web3)

What is Legaltech?

It is the term that refers to the application of technology including artificial intelligence to legal services and processes, among its applications we can find:

• Contract management tools and platforms

• Legal research

• Dispute resolution

Basically, any application that helps us to reduce time and costs to make it as efficient as possible.

How does it help lawyers?

• Automate tasks: Typically, administrative tasks are repetitive and time-consuming; legaltech tools help us reduce the time it takes to complete these tasks and eliminate or reduce human error.

• Improved communication and collaboration: For more complex cases that require the assistance of multiple attorneys, these tools allow us to improve collaboration and communication between attorneys and the client.

• Access to more accurate and timely information: Law and policy are fields that are constantly and rapidly changing, and keeping up with all the legal changes can be complicated. These tools can provide us with more accurate and up-to-date information on legislation and precedents.

• Cost reduction: Legaltech solutions allow for greater efficiency and cost reduction, which can help lawyers offer more affordable services to their clients.

Legaltech software already being used today:

Contract Lifecycle Management (CLM): Contract lifecycle management tools, including process automation and secure document storage.

E-Discovery: Electronic discovery tools for identifying, collecting, and reviewing documents relevant to a case.

Everlaw: Specializes in electronic discovery, identifying and reviewing electronically stored data, collecting electronic discovery information, and tagging documents.

After investigating all of this I leave with a final question, can we teach an Ai to judge cases, and if we can how much would this differ from a human judge?