Recognising the law firms and chief information officers (CIOs) that have pushed through innovation and secured competitive advantage for their business, this award will focus on the CIOs that have engaged with their organisation’s strategy and business model to make a central contribution.
2016 WINNER: Kennedys
This insurance-led firm has won plaudits for the launch of KLAiM, a virtual personal injury lawyer. KLAiM is a proprietary workflow tool that helps clients to manage low-value motor insurance disputes without needing to instruct lawyers. Over 75% of cases managed via KLAiM have been settled successfully.
Axiom’s new proprietary technology, IRIS, is an end-to-end contract management tool that can draft, negotiate and execute contracts. It can also take terms and clauses from contracts and convert them into structured data.
BERWIN LEIGHTON PAISNER
The firm worked with software provider RAVN Systems to adapt the RAVN Applied Cognitive Engine (RAVN ACE) to review Land Registry documents within its real estate practice and has since extended its use to other practice areas. The system is able to automatically extract data from legal documents, export it into a spreadsheet and check it against external sources.
In September 2015, Cooley launched Cooley GO in the UK, its mobile-friendly online resource centre for start-ups and investors at all stages of the growth cycle. The site provides entrepreneurs with tips, guides, document generation tools, client insight and success stories.
DWF has entered into the growing legal product market by launching a wholly-owned subsidiary, 15squared, to sell and develop technology products for in-house clients. The venture was born from Claimbase Solution, a cloud-based tool for insurers.
The firm’s service innovation team has overseen the introduction of various new internal and external technology platforms, creating a suite of completely new products and ways of delivering efficient services to clients in areas such as due diligence, document automation and client engagement.
RPC recently launched rpcreserve.com, a cloud-based online tool allowing insurers to actively manage individual claims while accessing real-time portfolio management information, including the spread of claim types, status, reserve bandings, liability, financial exposure and movements.