On October 11, ELTA president Hariolf Wenzler was one of the speakers at London Law Expo 2016. He gave a talk about „Innovation for Strategic Competitive Advance“, highlighting the challenges and opportunities LegalTech brings to the legal services community. While innovation for long time has not been associated with lawyers in the first place, the dynamics of change in most industries forces all professional services firms to put innovation on main stage. Legal technology is an enabler to redefine value chains and business models in the legal industry, whilst being a potential threat to some functions in today’s pyramid structure. Innovators in the legal industry will not only set the pace but also shape the profession’s future, he concluded.