Development of Legal Education and Machine-Readable Law in the Conditions of Economy Digitization

Abstract

Purpose: The purpose of the paper is to determine the perspectives of development of legal education and machine-readable law in the conditions of economy digitization. Design/Methodology/Approach: The authors perform analysis of the LegalTech market on the basis of the research that was performed in 2018 – early 2019 by the analytical center NAFI (2019) – the research on the basis of 500 organizations from 42 regions of Russia and the world. The tendencies in development of legal education and machine-readable law in the conditions of economy digitization and perspective directions of development of the LegalTech market are determined. Findings: The article analyzes the issues and problems of development of legal education and machine-readable law in the conditions of economy digitization. The conclusions on the current state of the process of implementation of digital processes and products during training of future specialists in the sphere of jurisprudence and of activities of the acting specialists in law are made. Advantages and drawbacks of the digital technologies in the sphere of legal education and provision of legal service are studied. Originality/Value: The perspectives of development of legal education and machine-readable law in the conditions of economy digitization on the basis of Legaltech (digital technologies in the sphere of law) and threats to the legal profession are studied. It is determined that the profession of jurisprudent and lawyer will change in the near future, and typical operations will be performed by artificial intelligence; jurisprudents with competencies in the sphere of digital technologies will have much higher professional level – which will increase the competition between jurisprudents and among the educational establishments that deal with training of specialists in the sphere of jurisprudence. It is shown that digital technologies require a serious legal support. Digital law is entering the sphere of civil, criminal, administrative, and financial law and procedural legal spheres.