Practice points

Exclusive: AI tax law forecasting app sets sights on UK market

Benjamin Alarie

An artificial intelligence (AI) lawtech start-up which claims its product can predict how courts will rule in tax cases with 90% accuracy, in on course to expand into this country. The Canadian company hopes to exploit the similarity of the tax systems in Canada and England and Wales.

January 23rd, 2017

AI contract service secures financial backing

Richard Mabey

A web-based service which uses artificial intelligence (AI) rather than lawyers to give business clients crucial information about their contracts – and already works with Deliveroo – has secured a second round of funding from high-profile investors.

January 18th, 2017

The SRA’s “folly”? Lawyers warn over changes to training of would-be solicitors

City of London insignia

City solicitors, regional solicitors, consumers and the Law Society have all pushed back at the Solicitors Regulation Authority’s plans to reduce the two years that students have to spend in workplace training before qualifying.

January 18th, 2017

City firm launches lawtech start-up incubator

Nick West

Leading London law firm and alternative business structure Mishcon de Reya yesterday announced the creation of an incubator for lawtech start-ups, with the founder saying it was less about investment than helping to change the firm’s culture to embrace technology.

January 17th, 2017

Compensation scheme counts cost of indemnity insurance failures – but predicts no new ones this year

Gibraltar

The Financial Services Compensation Scheme (FSCS) has had to increase its provision for general insurance claims by around £45m for the next financial year, because of the failures of Enterprise Insurance and Gable Insurance AG, it has emerged, while it is still paying out for other insurers that used to back solicitors.

January 17th, 2017

Susskind: Parliament should adopt advanced IT for lawmaking

Susskind House of Lords

Parliament could harness the power of technology to provide a system to lawmakers that gives them the ability to test speculatively the knock-on effects of legislative changes while they are considering bills, according to IT guru Professor Richard Susskind.

January 16th, 2017

Law firm rejects “idiot” tag for identifying unmarked police cars

Simon Brown Matthew Brown Solicitors

A criminal law firm has hit back at a Sunday tabloid newspaper story that quoted a senior policewoman who condemned as “idiotic” its Facebook posts identifying unmarked police cars. The firm told readers that while other firms “will promise you the earth… we’re more practical”.

January 11th, 2017

Online wills venture with big-name backing stakes everything on simplicity

Dan Garrett Farewill

Online wills start-up Farewill hopes to motivate people to make wills by attracting them with simplicity and branded design rather than extensive add-ons. The founders of property website Zoopla and short-term loans business Wonga, together with the tech investment arm of advertising agency M&C Saatchi Plc, have backed the venture.

January 10th, 2017

Clerksroom to pioneer pay-as-you-go video conferences with barristers

Stephen Ward

National direct access chambers Clerksroom is to offer clients pay-as-you-go video conferences with barristers by the end of this year, it has emerged. Clerksroom has also won a place in the final of Disruptive Tech TV’s sales pitch competition – recruiting one of the judges as a client in the process.

January 4th, 2017

Hacking of top law firms for inside information “a wake-up call to lawyers around the world”

Preet Bharara

The case of three men charged with insider trading based on information they hacked from prominent US law firms “should serve as a wake-up call for law firms around the world”, a New York prosecutor has said.

January 3rd, 2017