After the WholeFoods purchase and their new lending program, Above the Law, ask the open question… is there money and services to be taken from the legal sector…
They write…..
This matters for a lot of attorneys. Amazon is all about cutting costs to enable lower prices for customers, and they would likely bring that same focus to a broad lending platform. This would almost certainly mean lower fees for attorneys, or possibly borrowers forgoing an attorney altogether in favor of boilerplate documents that Amazon could use. That has significant implications for any attorney involved in finance. Moreover, imagine what would happen if Amazon moved into lending to consumers for housing; the traditional attorney-led closing process for buying a house could disappear.