In January this year, Linklaters – one of the leading capital-markets law firms headquartered in London – turned its Blue Flag database into a global product. Originally launched in August 1996 as a database of European securities and banking regulations, Blue Flag now extends to Asia-Pacific, with Latin America and eastern Europe due to follow later this year.
Described as a database, Blue Flag sounds uninteresting. In fact, it represents the future of legal practice. Recently, Richard Susskind, a lawyer noted for his grasp of the impact of technology on law, prophesied that law firms of the future would be publishers of legal information.
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