Blockchain technology has impacted the world in a very unique way. It all started with cryptocurriencies which is a unique technology that is still advancing. In fact, governments and financial institutions are researching the vast potential of this unique technology that expands far beyond cryptocurriencies. As I said before, cyberspace has created new innovations that have benefited the global society in both licit and illicit activities. However, it has also created new concepts that can benefit the legal environment in numerous ways.
Market disruption in the legal industry can be defined as technological advances that have attracted new clients and improved the processes of law firms. The technological changes includes predictive software, case management software, digital documents, and data processing to name a few. This article will attempt to bring some clarity to how market disruption impacts the legal industry.