17 Dec
2003
17 Dec
'03
11:17 p.m.
On Wed, 6 Sep 1995, Buford Terrell wrote:
How could crypto put lawyers out of business? People would still have disagreements; plans would still go wrong; cars would still crash. More important, transactions would still need to be structured to carry out the desires of the parties while minimizing risks.
Good communications technology, including crypto, could make lawyering more efficient, but I suspect the savings would be minimal.
Well, if crypto reduces the role of government in human affairs, it will reduce work for lawyers. Telecoms will certainly break the professional monopoly of lawyers (and other professionals). DCF