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Is a Lawyer Monopoly Responsible for Creating DTC Market

It used to be that the only direct-to-consumer (DTC) legal service around was a website that offered access to basic legal documents like wills and rental agreements. That is no more. The nascent DTC market has exploded in the last couple of years thanks to an influx of mobile apps and service providers.

A growing DTC market has some in the legal sector wondering what is afoot. Could it be that the long-standing monopoly lawyers have had on proffering legal advice is responsible for creating demand for DTC services? At least one expert thinks so. Canadian lawyer and former Ontario Attorney General Chris Bentley asserted as much in a recent lecture and report given on behalf of the Law Society of Ontario.

Bentley insists that lawyers have enjoyed monopoly on legal advice for quite some time. One of the results has been a gradual restriction of legal services among consumers … Read more

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“The firm has supplied very sensible advice in a timely method, well considering the fact of business,” says a legal counsel at Nippon Steel Corporation. UMBRA is the first Indonesian law firm to undertake a synthetic intelligence (AI) platform for due diligence, created by Luminance AI. Ginting & Reksodiputro has more than 30 lawyers, including 5 companions. It has labored on a number of the most excessive-profile current deals in Indonesia, corresponding to Gojek’s collection F fundraising led by Google, JD and Tencent, Tokopedia’s US$1.1 billion series H fundraising from Softbank and Alibaba, the sale of QBE General Insurance to Great Eastern, and FWD’s acquisition of life insurer Commonwealth Life. It also suggested the bookrunners on the acquisition financing for Semen Indonesia’s acquisition of Holcim Indonesia, as well as on the US$450 million syndicated financing for Titan Infra Energy.

FWP’s company and commercial law apply … Read more