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Online conveyancer claims blockchain-backed transaction first

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 | 1 Comment »

Smart contracts market “on course to grow rapidly”

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 | No Comments »

Innovation index suggests “more top UK law firms than US firms embracing AI”

Top UK law firms are ahead of their US counterparts in the use of artificial intelligence, an index of legal service delivery innovation has suggested. However, the creator of the Legal Services Innovation Index said it might just be that UK firms are “savvier about marketing this stuff to their clients”.

September 1st, 2017 | No Comments »

Kennedys creates new route to partnership for employees with ideas

City law firm Kennedys has launched what could become a new route to partnership for members of staff who can dream up ideas for tech products to help clients. Prototypes from the Ideas Lab will be developed in India, before returning home for completion.

July 28th, 2017 | No Comments »

Land Registry to trial blockchain-backed digital property transfer

HM Land Registry plans to live test a ‘Digital Street’ scheme which will enable the “almost instant” transfer of property ownership, backed by technology including blockchain – the secure distributed ledger underpinning the Bitcoin currency – it has emerged.

May 23rd, 2017 | No Comments »

Futurologist: AI-based future “means opportunities for lawyers”

Technology is transforming the world at a furious pace and artificial intelligence (AI) and the legal frameworks that will emerge from it and similar developments, offer “massive opportunities” for lawyers, according to a leading futurologist.

November 10th, 2016 | No Comments »

Groundbreaking digital contracts business has “layers of security” to defeat hackers

The tech company that facilitated what it claims is the world’s first smart contract supported by the Internet of Things – internet-enabled devices – has told Legal Futures that its product has layers of security amid fears that the increasingly commonplace technology is vulnerable to hackers.

November 2nd, 2016 | No Comments »

‘Smart contract’ technology with blockchain “will change the structure of deals”

An pioneering commercial law firm is offering computer coding training for its lawyers and clients to teach the emerging technology behind ‘smart’ contracts. The firm has also reported a growth in the recruitment of computer-literate lawyers who also have a scientific or technical background

May 13th, 2016 | No Comments »