Technology

Singapore targets UK law firms and tech start-ups as bridgehead to Asia

Paul Neo

Singapore has begun marketing itself to UK law firms wanting to access Asia’s lawtech start-up community, as well as UK start-ups wanting to expand beyond these shores, with what it says in south-east Asia’s first lawtech accelerator.

October 20th, 2017

Ex-FBI cyber chief warns lawyers over corporate espionage

Waisberg LG conf

Basic digital housekeeping like keeping software up-to-date and backing up data separately from your network will solve most cyber-security issues – with corporate espionage one issue law firms have to face – according to a former assistant director of the US Federal Bureau of Investigation.

October 19th, 2017

Law Society unveils tech crowdfunding deal as Legal Geek hears about conservative clients

LF Nov 13

The Law Society has agreed a deal with a crowdfunding platform to connect solicitors with lawtech start-ups looking for investment. Meanwhile, a lawyer at a magic circle law firm told yesterday’s Legal Geek conference that while clients welcomed the idea of innovation, when it comes to the crunch they often chose old-style methods.

October 18th, 2017

Website to offer clients family and immigration advice from £4.99

Tetiana Bersheda

A new online service for family and immigration clients is launching today, giving them access to lawyers at prestige firms such as Withers and Farrer & Co. The founder said she wanted the website to help “thousands of people” reduce their legal costs in a “very substantial way”. Users can buy answers to legal questions for between £4.99 and £200.

October 18th, 2017

“Do more than humanly possible” – legal AI pioneer receives millions in funding

Andrew Arruda ROSS

Leading legal artificial intelligence company ROSS Intelligence has unveiled a new $8.7m (£6.6m) funding round, some of its from Nextlaw Labs, the business accelerator backed by UK-based global firm Dentons. ROSS has developed AI technology that can read and answer questions about the law.

October 12th, 2017

Online conveyancer claims blockchain-backed transaction first

Internet connection

An internet conveyancing platform last week completed what it claimed was the first property to be digitally exchanged online and moved instantly to a live blockchain. It reported the property – in Trowbridge, Wiltshire – went from initial marketing to a verified online exchange in just seven days.

October 10th, 2017

Legal brains will have a week to defeat AI in lawyer v machine challenge

Ludwig Bull LawBot 2

More than 50 solicitors, barristers and in-house counsel have volunteered to outsmart predictive software based on artificial intelligence in a ground-breaking lawyer v machine challenge. Lawyers will have a week to predict whether real PPI complaints were upheld or rejected by the Financial Ombudsman, before CaseCrunch has its go.

October 3rd, 2017

Exclusive: European legal business building multi-lingual B2B chatbot targets UK market

Morgane Van Ermengem

A European legal services provider specialising in advising tech companies has launched a prototype of what it calls the first business-to-business legal chatbot and, continuing its rapid expansion, plans to open a London office at the end of the year.

October 2nd, 2017

Dentons-backed legal compliance start-up raises $1m for expansion

Dan Jansen

A London and Cape Town-based law tech start-up that provides companies with tailored regulatory compliance advice, has raised just over $1m (£740,000) in a seed funding round that included investment from the global law firm Dentons’ business accelerator, Nextlaw Labs.

September 29th, 2017

Smart contracts market “on course to grow rapidly”

coding

The market for blockchain-backed ‘smart contracts’ should grow quickly, according to a partner at a global law firm, who is already working with the emerging technology. Lee Bacon, a partner at Clyde & Co, made the prediction as his firm launched a consultancy aimed at advising insurers and other clients on them.

September 25th, 2017