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Friday, October 14, 2011
Transfer of "Legal Technology"
I just heard a talk about technology transfer (a piece by Jennifer Carter-Johnson).? Roughly speaking, the inventors are scientists with academic positions and the technology transfer process enables inventions originating in universities to be licensed to industry.? I don?t think an equivalent exists in law schools, although maybe this model will be ? or has been - explored as law schools search out new funding sources.?
Why no transfer of "legal technology"?? The broad answer might be that it just doesn?t fit with the academic mission of law schools, and raises concerns about academic freedom and how monetary incentives might influence research.? The narrow answer probably lies in what is patentable ? do law professors generate anything patentable??
But my suspicion is that some information generated in law schools is worth good money.? For example, sometimes law professors are like analysts.??A passage from Michael Lewis?s new book, Boomerang: Travels in the New Third World, described Meredith Whitney?s prediction of municipal defaults.? She?s a Wall Street analyst, but the description of what she did to identify this risk rang a bell.? She needed the answer to some question.? When she did the research, she discovered another pattern.? This?led to more research and ultimately to a conclusion that challenged common wisdom.? It sounds like what law professors do at least some of the time.
Posted by Verity Winship on October 14, 2011 at 12:17 PM in Books, Life of Law Schools | Permalink
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