Technology

Lawtech start-up incubator closes 2018 pitch round with applications up

Nick West

Applications were up in the latest round of an accelerator programme for lawtech start-ups run by a London law firm, with smart contracts among technologies of particular interest, it has emerged. Six companies will win through to work with Mishcon de Reya from the “concept through to revenue-generating stage”.

February 19th, 2018

“Neural network” robot lawyer plots international expansion

coding

An online legal advice website has created an artificial intelligence-backed robot that it claims has been trained to answer questions on consumer rights law in natural language using one of the world’s largest datasets.

February 19th, 2018

Leading law firm joins forces with LSE professors to find ways to predict litigation

Andrew Dunkley

National insurance law firm BLM has teamed up with three professors from the London School of Economics in a two-year research project to create models that predict the cost, length and outcome of litigation. AI will be an “important part” of the partnership, but it aims to bled technology with actuarial knowledge and ‘decision science’.

February 13th, 2018

Legal infrastructure behind blockchain contracts takes shape

Chris Wray Mattereum

The English lawyer behind a bid to provide legal backing to deals involving both the virtual world of blockchain and real world commerce, has forecast that in a decade most global trade will be governed by arbitration agreements coupled with smart contracts.

February 9th, 2018

AI lawyers coming but hold off on legislation, says Microsoft

Brad Smith Microsoft

A new breed of specialist artificial intelligence (AI) lawyer will emerge within 20 years, but governments should only legislate on the subject once technology companies have had time to develop their own ethical principles, according to Microsoft. By that time, virtually all lawyers will rely on AI to assist them with their practice, it said.

February 5th, 2018

The time is now for law firms to invest in new tech and delivery methods, says bank boss

James Tsolakis

The time for just talking about new ways of doing things in the law is over as clients “turn their backs on the pricing and delivery models that law firms have traditionally sold them”, a leading banker has warned. He said a “palpable shift” in thinking and serious investment in new technologies and delivery methods were now strategic priorities.

February 2nd, 2018

“Game changing” online ventures gear up for launch

Ismaeel Waseem LawOn

A lead generation website and connected mobile app designed to put younger consumers of legal services in touch with solicitors between appointments by tapping directly into their electronic diaries, will launch later this year.

January 29th, 2018

Digital court services “already starting to deliver”

Lucy Frazer MP

The courts service is already seeing benefits from the early stages of the digital delivery of justice, it said yesterday as it outlined its plans for further rationalisation of the physical court estate. The proposals included the potential closure of eight courts, including Blackfriars Crown Court, which was meant to be one of venues for the flexible operating hours pilot.

January 19th, 2018

Knowles increases investment in The Link App as it seeks crowdfunding boost

Lauren Riley

The Link App, the communications application for law firms and their clients created by former The Apprentice candidate Lauren Riley, has launched a crowdfunding campaign to raise £300,000 as it continues to establish itself. Sir Nigel Knowles has taken over as chairman of the company.

December 18th, 2017

“Lawyers still needed” say big firms in tech push, with Clydes mining ‘big data’

Mark_Wing_Clyde and Co

City law firm Clyde & Co has teamed up with computing students to undertake data analysis for clients, including predictions of the likelihood of disputes going to trial and potential litigation outcomes. Meanwhile, Bristol-based TLT has taken a share of a US artificial intelligence contracts review software supplier.

December 14th, 2017