Venture capital money has been increasingly focused on legal technology, but there’s one issue with those investments—VCs inherently expect a return. For ideas that don’t have that high of a return on investment, particularly those focusing on access to justice initiatives, is there a place in the market for innovation?
Gordon Smith, dean of the J. Reuben Clark Law School at BYU, and Kimball Parker, attorney at Parsons Behle & Latimer and founder of legal research company CO/COUNSEL, think that law schools can be the perfect home for this sort of innovation. On June 19, BYU Law School announced the creation of LawX, a legal design lab that will seek to create solutions, through software and other means, to address pressing issues relating to access to legal services.
