lucy bassli

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Several in-house innovators are converging on a set of best practices.

In Competition based on better commercial contract terms (211), I reviewed the current norms surrounding commercial contracting and postulated that the growing transparency regarding what is market for a particular term would cause the market for contracts to evolve from its current souk-like state to something that more closely resembles a modern e-commerce marketplace.  Since that post came out in December 2020, numerous companies have been employing AI tools such as TermScout. and crowd-sourced data such as Bonterms, to make their contracting practices more data-driven.
Continue Reading The emergence of data-driven contracting: notes from the field (292)

Layering in a new set of skills and know-how in an already crowded law school curriculum.

Last week, the Law School Admission Council (LSAC) acquired the Institute for the Future of Law Practice (IFLP).  From far away, many lawyers, law professors, and law students are bound to ask, “Why is the maker of the LSAT, which has been part of the legal education landscape for 70+ years, acquiring a fledging nonprofit start-up focused future of law practice?”

The answer is that LSAC and IFLP saw a clear pathway to benefit future generations of legal professionals in their work with clients and broader society.  Although some readers may question such a lofty purpose, we believe that as a self-regulated legal profession, it is our obligation to foster and maintain a legal system that works for all citizens and upholds the rule of law.  Only then is lasting prosperity possible, both for lawyers and broader society, and the promise of equal justice more within reach.
Continue Reading Special Post: LSAC acquisition of IFLP explained (275)

Legal Evolution contributors, Summer 2020

Breadth and depth on legal innovation and the future of law.

As in prior years, after Labor Day, Legal Evolution shifts to a bi-weekly publication schedule, at least for Sunday longform content. See Post 065, 113.

Fortunately, we exit the summer of 2020 on…

Earlier this year, Lucy Bassli left her position as Assistant General Counsel of Legal Operations and Contracting at Microsoft to become Chief Legal Strategist for LawGeex, a promising legaltech start-up, and to open her own hybrid law firm-consultancy.

Why would one of the legal industry’s most respected legal ops professionals leave the safety and…