Source: GritDaily
One of the major problems with developing legal tech in the United States is the state bars of the 50 states. Even when LegalZoom was just trying to create template forms back in the early 2000s, two dozen state bars filed a major lawsuit against them, resulting in LegalZoom having to pay more than $100 million to settle the case. With a history like that, it’s no wonder legal tech has been slow to take off in the U.S. But a few weeks ago, John Anthony Castro, CEO of AiTax.com, explained how legal tech could gain a foothold in the U.S.
“There’s a U.S. Supreme Court case called Sperry v. Florida, which ruled that state bars don’t have the constitutional authority to regulate the practice of federal law. This gave birth to the concept of federal practitioners immune from state bar regulation. This includes patent and trademark law, immigration law, bankruptcy law, and tax law. This is where AI has to start,” explained Mr. Castro. “If we start with federal practice areas and prove the efficacy of AI, state law practitioners will beg us for the same advanced tools to beef-up their practices as well.”
Mr. Castro is the Founder of Castro & Co., an international tax law firm established…
Read full article: https://gritdaily.com/ai-legal-tech-us-foothold/
