Company & Commercial
Specialist lawyers publish free AI contract clauses
The Society for Computers and Law has launched a set of free contractual clauses for transactions involving artificial intelligence.
Law Commission wants digital assets to be “third category of thing”
The Law Commission has called for new legislation to create a “third category of thing”, which is neither “a thing in action nor a thing in possession” but could include certain digital assets.
Nearly half of companies swapped external lawyers in last year
Law firms can not assume they have a fixed place on a client’s roster, with 45% of clients changing which practices they allocate work to in the past year, new research has warned.
Law firm’s negligent advice to football club owner caused no loss
A law firm advising on a dispute over the sale of Sheffield United FC was negligent, including in failing to advise that it had an own-client conflict, the High Court has ruled.
Digital securities “can be accommodated” within existing English law
The most common types of digital securities can “easily be accommodated” within existing English law, the UK jurisdiction taskforce of the LawTech Delivery Panel has concluded.
Solicitor’s visual modelling start-up receives £3m funding boost
A start-up founded by a City solicitor that creates visual models of complex legal transactions is aiming to double in size by the end of next year after raising almost £3m in funding.
Financial firepower means US firms are “set to topple” magic circle
The magic circle law firms are being attacked from all angles and pressure from US practices in particular means they may have to reinvent and reposition themselves, a corporate adviser has warned.
Unregulated in-house specialist partners with magic circle firm
Unregulated legal business The Law Boutique has teamed up with a magic circle law firm Linklaters and its own contract management platform to provide companies with an “holistic” service.
Digital law firm partners with start-up platform as part of expansion
Digital law firm arch.law has announced a “strategic investment” in Connectd, a platform linking the founders of start-ups, investors and advisers.
“Exponential growth” for open-source contract platform
The chief executive of a contract platform which provides businesses with free open-source templates backed by artificial intelligence has reported “exponential growth”.