Legal Insights: Billing for legal services when time is no longer the measure of value

Legal billing

 

This article is part of Hunit’s Legal Insights series. We’re sharing some of the key learnings that we’ve gained from in-depth interviews with legal professionals across multiple international markets.

We’ve called our series of in-depth interviews with law firms and financial service providers our “listening tour”.  Using a standardized set of discussion questions, we set out to gather systematic insight on the legal professional’s day-to-day operations, their problems, their concerns and of course their understanding of DLT and smart contracts.

One of the listening tour’s key discussion points concerned billing methods in an environment when a lawyer’s ability to create value for the client is disassociated from the use of their time (billable hours). In an increasingly technology-enabled environment, what does the law firm of the future’s customer invoice look like? Read More…

Legal Insights: Will the lawyer of the future know how to code?

 

This article is the first of Hunit’s Legal Insights series. We’ll be sharing some of the key learnings that we’ve gained from in-depth interviews with legal professionals across multiple international markets.

As it stands today, the legal profession’s basic toolset hasn’t changed since the quill and ink pot. First typewriters, then word processors and later document management tools have all provided increasingly large productivity gains, but they all still output to the same medium: paper and signature. The most recent step? A PDF that imitates paper, into which one inserts a digital representation of their freehand signature. Progress? Absolutely. A phase change? Not yet.

So before we get to the subject of coding lawyers, perhaps an even more basic question needs to be answered: will the practice of law continue to orbit around pieces of paper? Read More…

Surprising outcomes: COVID-19 driving digital reserve currencies?

 

Experts are opining that the measures taken to control the COVID-19 pandemic have propelled the world 10 years into the technological future. The most obvious impact has been a massive change in work routines – millions of workers are spending an extended period in home-offices using remote collaboration tools for the first time. But while security flaws in the leading video conferencing systems grab headlines, most of us missed how close we came to an upheaval in the global monetary system. Read More…

Thinking about issuing a digital private market investment?

 

What do you want to accomplish?

Digital investment instruments are flexible – they can be used to tokenize traditional asset classes such as equity or debt (bonds) or they can be built up of different features that combine into a novel instrument. So, the first step is to clearly conceive of what your business needs.

Is it a more efficient way to manage your company’s equity and shareholder obligations? Read More…

Digitalisation of the Private Market

Key Market Enablers

We’re confident that blockchain-based electronic instruments represent a future pillar of the private market financial sector; offering massive operational efficiencies and enabling investment features in ways that are difficult or impossible to achieve in conventional paper-based instruments.

Our analysis found that there are still a number of blockers preventing this new asset class from fulfilling its potential. To achieve our mission of enabling a decentralized economy, we’ve built a platform that addresses these critical obstacles to market acceptance. Read More…