Law Without Lawyers: A Conversation with Damien Riehl

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Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work

Magnificent Noise x Richard Kramer x Will Page

185 episodes

8 months ago

Bubble Trouble features conversations between economist and author Will Page and independent analyst Richard Kramer that lay out some inconvenient truths about how financial markets really work. Like the “boy who cried wolf,” financial markets have a peculiar tendency to repeat past mistakes and get themselves into “bubble trouble.” They party hard, drink too much of the Kool Aid, and wake up with a pounding hangover...only to do the same thing the next day. With tech dominating daily headlines and teenage traders driving stocks to unprecedented valuations, you might be asking “What’s really going on?” “What am I missing?” Imagine having a set of tour guides to tell you the “story behind the story” of the world’s largest tech companies, and how they bend - or break - the rules of economics.

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Law Without Lawyers: A Conversation with Damien Riehl

Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work

49 minutes 31 seconds

1 year ago

Law Without Lawyers: A Conversation with Damien Riehl

One of the first casualties of the AI race may be lawyers, and that’s where we go this week with Damien Riehl who is at the front line of disrupting the legal profession. Law without lawyers? Really? Are we moving from if to when this tipping point becomes reality.

Damien's company: https://vlex.com/vincent-ai
Damien's TED Talk: https://www.ted.com/talks/damien_riehl_why_all_melodies_should_be_free_for_musicians_to_use
All The Music: https://allthemusic.info/
All the Patents: http://allthepatents.info/

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

The AI Revolution in Law: Disrupting and Democratizing Legal Services

In this episode of Bubble Trouble, hosts Richard Kramer and Will Page delve into the disruptive potential of AI in the legal profession with guest Damien Rio from vLex. The discussion explores the transformative impact of AI on access to legal services, the operational overhaul of legal tasks through large language models, and the future implications for lawyers, courts, and clients. Damien shares insights on his groundbreaking work in automating legal processes, addressing the challenges of legal backlog, and the potential for AI to democratize access to law worldwide. The episode also touches on the impact of AI on litigation strategies, private versus public legal data, and the future landscape of legal arbitration.

00:00 Introduction and Guest Welcome

00:44 Part One

00:52 Damien's Background and TED Talk

01:30 Part Two

01:30 Introduction to V Lex

02:30 The Role of AI in Legal Research

03:41 Disrupting the Legal Profession

07:54 Democratizing Access to Law

09:13 Challenges and Opportunities in Legal Tech

17:59 AI's Impact on Legal Disputes

23:58 The Role of Non-Lawyers in Legal Services

25:28 Democratizing Access to Law

25:58 Part Two

26:08 Economic Impacts of Legal Tech

26:59 Jevons Paradox and Legal Work

28:35 AI in the Judicial System

34:55 Global Implications of Legal Tech

38:18 AI's Limitations and Future in Law

46:45 Copyright and Patent Innovations

48:28 Conclusion and Future Prospects

49:12 Credits

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