Practice Management
Lawtech start-ups bag multi-million pound investments
Two lawtech start-ups have secured significant investment – one a software platform aimed at corporate in-house legal teams and the other a one-stop shop for the legal needs of SMEs.
Legal problem diagnosis app crowdfunds cash for expansion
An app for SMEs and individuals which uses artificial intelligence to help diagnose and solve legal problems has almost completed its largest investment round so far.
Start-ups boosted by £1.2m investment and top judge hire
PocketLaw, a start-up aiming to provide a one-stop shop for the legal needs of SMEs, has secured further funding of £1.2m, while an online divorce service has named a top judge as an advisor.
Major study proposes ODR to handle small business debt cases
An online dispute resolution platform would help solve the problem of late payment debt by providing SMEs with a quick and cheap alternative to traditional lawyer-based solutions.
Law Society: Solicitors must not use AI without clients’ consent
Clients should be put at the heart of legal technology by law firms, including being asked for consent before artificial intelligence is deployed, solicitors have been told.
Technology and innovation “step-change” in last year but barriers persist
The past year has seen a “step change” in the adoption of legal technology and innovation, in part as a result of Covid-19, a major piece of new research has found. However, significant barriers remain.
Fears about using judicial data to predict judges’ actions “exaggerated”
Access to judicial data should be made easier to increase public trust, while fears it will be used to create accurate predictions of what judges will do are overblown, a seminar heard last week.
Investment in lawtech companies doubles but firms lag behind
The average annual growth rate for investment in UK lawtech companies over the past three years has hit 101%, a much bigger number than that seen in sectors such as finance or health.
Blockchain network aims to provide “missing link” for conveyancing
A house in Kent is the first being sold using a blockchain network that connects conveyancers with estate agents and mortgage lenders.
Public supports stronger ongoing competence checks for lawyers
There is near unanimity among the public that lawyers should have to demonstrate more actively than now that they remain competent throughout their careers, the Legal Services Board has found.
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Planning your office for the next generation
We strongly believe lawyers now and in the future will want and value a space that’s not their home to work from and, most importantly, a space to connect and collaborate with colleagues and clients.
Why lawyers should be thinking about sustainable development
The UN Sustainable Development Goals have been permeating all aspects of the legal profession – from their impact on everyday clients, to their relevance for big businesses.
Fundamental business habits that modern law firms need to succeed
Regardless of your goals, running a successful law firm involves mastering the basics and adopting habits that help you remain competitive.
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