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.
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.
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.
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.
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.
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.
A house in Kent is the first being sold using a blockchain network that connects conveyancers with estate agents and mortgage lenders.
The extent to which legal work can be reduced purely to administration and process has been overstated and in fact “lawyers are needed for all legal jobs”, Professor Richard Susskind has acknowledged.
Lawyers have been reluctant to engage with technology partly because law firm partners haven’t given junior staff enough time to learn how it can help them, according to a government-backed report.
The Master of the Rolls has hailed the launch of a universal structured data format for the creation of digital contracts as a “great step forward”.
Clients may not be able to assess the quality of your legal work, but they can judge the service they receive and, as is now clear, are increasingly happy to write about it online.
As law firms emerge from the pandemic, they face the challenges of coping with its aftermath while settling on new ways of working in the long-term.
As we recover from an unprecedented 19 months within our sector, marketing teams and clerks’ rooms are keener than ever to try out something new in the promotion of their businesses.