Technology is advancing rapidly in all fields, and the legal world is no exception. Currently, lawyers are adapting and adapting to the challenges of the digital age. For this reason, when2nd Magno Legaltech Forum in MexicoTechnological advancements and tools were revealed to help expedite the work of lawyers in an efficient and secure manner.
Richard Susskindleader’Society for Computers and Law‘, we are in an unpredictable technological change that, like lawyers, will forget their boring and mundane tasks so that they can develop new skills and focus on high-value tasks, recommending the use of quality tools like this one. Artificial intelligenceBlockchain technology and smart contracts, the best technology is yet to come.
“Los Lawyers will not disappear, but the way they work today has to change. It is necessary for them to adapt to new technologies, otherwise they run the risk of being left behind in the ever-evolving legal world”, noted the expert, one of the most recognized experts in the guild internationally, during a presentation on ‘Impact of AI on Tomorrow’s Lawyers’.
Among the technological advances presented at an event that is changing the legal profession in Mexico, it was highlighted. Peace of mindStart of offering Notary services and digital trusts. weetrust has changed the landscape of one of the country’s most traditional guilds: the real estate industry, allowing procedures to be carried out remotely and completely securely.
Innovation is a cultural thing, it is the responsibility of leaders to educate teams and understand that innovation replaces tasks, not people (…) WeeTrust, notaries will not disappear, notaries using WeeTrust will take care of it.
Luis Cardenas Ibarra, Notary Public and CEO of WeTrust
The entrepreneur promised through the instrument Peace of mind, customers have the opportunity to know the status of their notary processes in real time and all documents are available to consult, use and download. Additionally, another advantage is that it streamlines procedures, eliminating the need for those involved to be present in person.
At the conference ‘Financial Automation to Scale Your Enterprise’, Gloria MendozaCounseling and Conflict of law, noted the impressive growth legal technology has seen since the pandemic. As there was resistance and fear of change on the part of companies, needs arose to be addressed, starting with the implementation of work-from-home systems. However, currently, we have various tools that are beneficial in the legal field such as advanced electronic signatures that are valid in trials, NFTs, Blockchain We also already have the option to receive credits from mobile devices.
related to this, Paulina Gonzalez, Partnership Manager De La Fintech Capital, who specializes in providing financial solutions through smart banking, explained that the digitization of banking institutions has been met with resistance from merchants and customers over the years. However, at present, Capital has left traditional banking and has a presence across the Republic, building trust by employing a personalized and trained management staff to guide and inform its customers.
“We are a digital platform to improve the management of collections, payments and additionally finance (…). By connecting directly to the SAT portal, we can extract all the necessary financial information from customers to carry out financial analysis, thus improving productivity and business management in terms of time. The decision maker no longer needs to depend on the finance person, they can enter the application and consult the company’s financial data to make decisions,” he said.
The event discussed the expected changes in the real estate sector like tokenization, which seeks to simplify real estate transactions through the current law, represent rights through digital paper in the future, and exchange between wallets. Kenji Lopez, co-founder of UrvitaGroup participants’Real Estate Tokenization and the Legal Path’.
We are in a lab moment where both judges and legislators are trying to force reality to regulate this segment and this huge market, users are starting to demand this type of service and as there are actors willing to participate, we will push for its regulation.
Roman Esteban David Gonzalez, Notary 38 in Tabasco
In addition, he added the importance of looking at variables such as the financial aspect and the legal certainty offered to those who receive the token, especially considering the opponents of this advance.
Within the ‘Technology used in legal teams’ panel, lawyers shared their experience and how tools have evolved to streamline and streamline their work; as well as resistance from some of his colleagues due to distrust of new technologies.
“The new generation now has a huge advantage and should take advantage of all this to increase and improve their work in their legal fields,” he explained. Sandra Monroy, Uber’s director of legal affairs.
Finally, Jorge Cervantes, partner of Gonzalez, SC, He opined that many companies will disappear and others will emerge in line with technological advancement, so it is important to join the ongoing changes. On the other hand, Jesus Soledad, co-founder at SimonThe pandemic has forced many organizations to modernize and adopt technological tools like the Internet, highlighting the importance of not being afraid of the help that artificial intelligence can provide and consider it a valuable tool to carry out procedures.
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