Law Society votes to approve regulatory sandbox for innovative legal tech development

“I think it’s absolutely the right decision. I think the Law Society got it right, ”said Aaron Wenner, CEO and founder of CiteRight, a Toronto-based legal tech startup. “I think that as a legal innovator it signals to me anyway that the Law Society is open to innovation in a real and meaningful way. And there are a lot of great opportunities that I know will flow out of it. “

The introduction of the sandpit is in line with the Law Society’s mandate to serve the public interest, says Aaron Baer, ​​a partner at Aird & Berlis LLP, who practices corporate and commercial law and advocates the adoption of legal technology in his firm .

“And that’s what it’s about. Customers first, ”he says. “… You don’t want innovative people to be afraid of building really great tools because they might get into trouble by a regulator. That doesn’t help the public at all. “

“We really have to tell ourselves, are we really protecting the public when most people cannot afford legal services? And when people cannot understand their legal rights because their cost is prohibitive, we are not protecting the public at all. And that’s what this is all about. This is a compromise solution that allows people to try more innovative things. “

Given that Ontario is recognized as a global center for legal innovation, the province needs to learn from that sandbox experience and steer changes in the industry, says Sean Bernstein, co-founder of MinuteBox, the cloud-based legal entity management software.

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