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Startup Corner

LawAdvisor to launch in the UK and take on Janders Dean investment

Australian legal tech startup LawAdvisor is set to launch in the UK and has secured the financial backing and support from legal management consultancy Janders Dean, taking total investment in the fledgling company to over $AUS1m.

Added by Caroline Hill on the 12th May 2017 No comments

Startup Corner: Avvoka in Focus

Describing itself colloquially as Google Docs for contracts, Avvoka is trying to move corporates away from the traditional drafting process in Microsoft Word and onto its SaaS contract creation platform, where its document assembly tools create first drafts using decision tree software. 

Added by Caroline Hill on the 12th May 2017 No comments

Comment: Legal tech startups – Do you want extra froth with that?

It says an awful lot about the legal tech startup market that businesses which have been involved in the scene since 2010 or before are gobsmacked that the sector is now being described as ‘frothy’ or ‘overhyped’.

Added by Caroline Hill on the 11th May 2017 No comments

Australian startup Lawcadia gets $500,000 funding boost

Brisbane-based legaltech startup Lawcadia, which launched in February 2016, has received AUS$500,000 from the Queensland Government’s Business Development Fund to expand its legal procurement business.

Added by Caroline Hill on the 8th May 2017 No comments

The April 2017 issue of the Legal IT Insider is out now

TOP STORIES INCLUDE: • eSentio sues HBR Consulting over NetDocuments swap out at Akin Gump and King & Spalding • Contract risk analysis platform ThoughtRiver raises over $1million in funding • RBRO says its business as usual in UK for iManage customers after departure of senior execs • Workshare says we won’t be beaten by the competition on speed or accuracy

AND welcome to the Insider’s new (and FREE to read) Legal Tech Startup Directory – 18 pages of listings and analysis on over 50 innovative companies who have broken with the law firm herd mentality and are set to change the face of legal practice in the UK, Europe, US and APAC regions. You can also discover which startups describe themselves as “Just Eat for Lawyers” and “LinkedIn meets Tinder”

Added by Charles Christian on the 27th Apr 2017 No comments

Startup Corner: ClauseMatch in Focus

In March, document and workflow collaboration platform ClauseMatch gained the full attention of the FinTech sector after Barclays signed up with the startup, which took part in Barclays’ accelerator programme. Focussed on overhauling the contract negotiating process, it should also be on your radar. Here, ClauseMatch, which is in Legal IT Insider’s brand new startup directory out this week (note: Thursday 27 April), tells us more about how the platform works and who is behind it.

Added by Caroline Hill on the 25th Apr 2017 No comments

Wonder.Legal takes online legal document service to the US

French-founded online legal document generator Wonder.Legal has launched in the US, targeting both businesses and individuals with the promise of instant letter, contract and agreement creation and taking on established players Rocket Lawyer and LegalZoom on price.

Added by Caroline Hill on the 20th Apr 2017 No comments

Startup Corner: F-LEX in focus

Self-labelled as the “task rabbit for law firms and in-house counsel”, F-LEX provides law firms with on demand paralegals through a set of web and mobile apps. Founded by a trio including Legal Geek founder Jimmy Vestbirk, F-LEX is notably providing paralegal resource to a law firm to supervise their AI software.

Added by Caroline Hill on the 13th Apr 2017 No comments

ComplyAdvantage partners with Encompass Corporation

Encompass Corporation and ComplyAdvantage will today (11 April) announce a new partnership, in a combination that will apply artificial intelligence and traditional data sources in order to combat money laundering. 

Added by Caroline Hill on the 11th Apr 2017 No comments

Startup Corner: Farewill in focus

Described in its marketing material as ‘wills for the 21st century’, Farewill promises you can make a new will in 15 minutes and has some heavyweight financial backers (think founders of Zoopla and Wonga) to help it disrupt the conventional will writing sector. So far available only in England and Wales, it has plans to expand to Scotland. Interestingly, its founders say that the ease of making a will is beginning to change will writing behaviour, with more people making bequests to friends.

Added by Caroline Hill on the 11th Apr 2017 No comments

Startup Corner: Thomson Reuters teams-up with Legal Geek to help advance LawTech startups

Thomson Reuters has teamed-up with Legal Geek to help advance innovation and collaboration within the LawTech startup community. The move follows Thomson Reuters support for the Legal Geek startup map and the inaugural and highly successful Legal Geek conference held in London’s Brick Lane last year.

Added by Charles Christian on the 6th Apr 2017 No comments

Chrissie Lightfoot unleashes Robot Lawyer Lisa to create NDAs

Today sees the official launch of a free legal tool that allows users to create legally binding Non-Disclosure Agreements (NDAs) in less than 7 minutes at absolutely no cost. By asking questions about the users’ needs, LISA intelligently drafts the document while helping them understand the legal and commercial principles on which it is based. LISA is also the first law robot to provide unbiased and objective assistance to both parties, allowing users to avoid having to engage traditional human lawyers on either side.

Added by Charles Christian on the 6th Apr 2017 No comments

Allen & Overy’s tech space Fuse: “Equity isn’t the price of coming”

Allen & Overy’s announcement on 28 March that it is to launch a technology innovation space within its City office is one of the most extensive commitments to new and emerging tech that the market has seen from a law firm to date. We catch up with A&O partner and Fuse chairman Jonathan Brayne to find out more about the business model behind it.

Added by Caroline Hill on the 3rd Apr 2017 No comments

LexisNexis selects first Silicon Valley accelerator startups

LexisNexis has selected the first five participants in its new Silicon Valley legal tech accelerator program, which was created to give startups a leg up in the rapidly expanding legal tech industry. 

Added by Caroline Hill on the 31st Mar 2017 No comments

The March 2017 issue of the Legal IT Insider is out now

Welcome to the latest issue of the Legal IT Insider newsletter – March 2017 – Issue #301. Top stories include… End of an era as Tikit and iManage part ways after 15 years: customers exit stage left to applause from Tikit competitors + In-house Legal: Barclays invests in new tech to rationalise bank’s external legal spend – one law firm has now had its invoice rejected 47 times! + Big Law: Slaughter and May has stake in AI business & Freshfields launch innovation group + Gleneagles Legal Leaders Forum: we have a full report on what corporate clients think about law firms + Mike Lynch on investing in Machine Learning tech companies: the real world is full of “noise” – non-meaningful data

Added by Charles Christian on the 29th Mar 2017 No comments