Here are excerpts from the post:
[…] Today, I want to propose an idea […]: The Legal Innovation Defense (LID) Fund. The idea is simple: the LID Fund will create a collective insurance program that provides a defense system against the low probability, high impact possibility that a new technology in the legal space will be later discovered to have engaged in UPL [unauthorized practice of law].
There are three components to this project. First, the money: LID would be funded by two main types of actors. There would be a set of smaller startups, non-profits, and other organizations experimenting in legal technology that would pay a small monthly fee for membership in the coalition. We also envision a group of larger institutional supporters and investors with interests in shaping the overall landscape of law around UPL.
Second, the shield: upon facing an UPL action, coalition members would be permitted to trigger the assistance of the LID Fund. The program would deploy not only a preset insurance payment to support the litigation effort, but also would supply legal experts well versed in the law around UPL to guide the challenge. The upshot of this is that the LID Fund would provide insulation to its members from the risks around UPL, and assurance to their stakeholders. Simultaneously, it would support impact litigation in the legal technology space.
Third, the research: LID would be the center of a network of organizations working in legal technology and would be an organization involved in UPL challenges nationally. To that end, it would be able to provide ongoing research and policy work on the evolving state of technological innovation in the legal industry and the landscape of law surrounding the use of those technologies. […]
So with that, this blog post officially puts out the call for willing hands to help launch this initiative: Would you support an initiative like LID? Would you take advantage of the kind of insurance that LID would offer to pursue a legal technology project or business? Do you know of an institutional supporter that would join this effort?
RR&H is seeking any and all assistance and advice as we make a push to turn this into a reality. We also intend to convene a meeting of interested parties in the near future – so get in touch by dropping a line to email@example.com. Keep your eyes on this space! […]
For more details or to contact Tim, please see the complete post.