Technology


AI contract review innovator raises $10m

8 September 2020

AI contract review specialist ThoughtRiver has secured a $10m (£7.5m) investment from venture capitalists to expand its presence around the world, with extra spending in the US and South-East Asia.


Staff the main risk as firms report millions stolen by cybercriminals

4 September 2020

Most incidents of cybercrime suffered by law firms are due to individual errors and misunderstanding rather than systems being hacked, research by the Solicitors Regulation Authority has found.


Law firm uses clause game to train AI

2 September 2020

A commercial law firm is recruiting players to take part in the latest round of an online game to train an artificial intelligence tool which helps lawyers draft contracts.


Lawtech start-up focused on security raises further £1m

27 August 2020

A lawtech start-up specialising in identity and source of funds checks for conveyancers has attracted high-profile investors including the co-founders of Funding Circle in raising £1m.


Will-writing entrepreneur obtains “first digital LPA”

25 August 2020

The founder of will-writing software firm WillSuite has obtained what he believes is the first ever digital lasting power of attorney. He said the process took five months.


Law firm offers clients behavioural science consultancy

21 August 2020

A global law firm has launched what it believes is the legal industry’s first offering focused on behavioural science, aimed at helping clients make better decisions in areas like compliance.


Another big investment in alternative legal services providers

19 August 2020

Investment in alternative legal services providers stepped up yesterday after a US private equity company took a majority stake in Factor, the managed services firm that used to be part of Axiom.


Government set to mandate online probate applications

10 August 2020

Solicitor and other probate practitioners will have to apply online for grants of probate or letters of administration, under government proposals published today.


Lawtech firm eyes global push after raising £6m

6 August 2020

A lawtech business set up by a former City solicitor and his programmer brother is looking to expand further internationally after raising £6m in private equity funding.


Australia uses AI to help separating couples split assets

3 August 2020

The Australian government has launched a A$3m (£1.6m) online platform which uses artificial intelligence to help separating couples divide up their property.

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Blog


Fifteen years on: Lessons from ABS reform

Fifteen years ago this month saw the very first alternative business structure. At the time, the prospect of non-lawyers owning law firms was dubbed ‘Tesco Law’.


Hybrid working and client money controls – be aware of the risks

For legal finance teams, remote working has changed how information moves, how approvals are obtained and how colleagues communicate.


AI can interrogate your contracts – but are they ready for questioning?

Suppose a law firm wants to review a client’s entire real estate portfolio for risk in the leases. Not long ago, that meant a multi-week project. Today, first-pass answer can arrive in minutes.


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