2020 saw unprecedented adoption of legal technology and legal innovation, however, one of the more surprising developments are legal regulatory sandboxes, introduced first in the state of Utah in the United States and now in Canada, by the Law Society of British Columbia. The regulatory sandbox model allows for the experimentation of new alternative business models, including non-lawyer ownership and fee sharing, in a controlled environment under the regulator’s supervision.
The Utah Supreme Court two-year pilot of a regulatory sandbox (a regulatory body under the oversight of the Supreme Court to be called the Office of Legal Services Innovation, . . . [more]