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Full-Text Articles in Legal Profession
Volume 41, Issue 1 (Spring 2017)
Technically Bankrupt, Brook E. Gotberg
Technically Bankrupt, Brook E. Gotberg
Faculty Publications
What is the difference between a robot and a lawyer? The answer is not a joke, and may soon be a matter of great urgency for attorneys, as the legal field attempts to adjust to disruptive technologies that are likely to permanently alter the way that law is practiced throughout the United States. The consequences for failing to adjust to technological disruption for any industry, as demonstrated in recent years by big-name, bankrupt companies, can be disastrous. Legal tools found in chapter 11 of the Bankruptcy Code are largely intended to assist debtors in reorganizing their business affairs, preserving value …