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.
2017 WINNER: Linklaters
In response to new bank ringfencing legislation, Linklaters developed its own proprietary tool, LinkRFI. Formerly known as Verifi, the software can sift through 14 UK and European regulatory registers to check client names for banks and process thousands of names overnight. It would take an average of 12 minutes to search each customer name manually.
Instructed by National Grid on the property separation aspects of the sale of its UK Gas Distribution Business, AG developed a bespoke, online platform that allows four panel law firms, the client, surveyors and valuers to input data via a workflow system, saving the client an estimated £1m in fees.
MISHCON DE REYA
Becoming the first law firm in the UK to provide e-discovery services in partnership with a technology provider, 2016 saw the launch Mishcon Discover, a new venture with e-discovery provider Unified and software developer kCura, that could save clients between 10% and 30% on large disclosure exercises.
In 2016 Riverview launched Kim – a virtual assistant to help in-house legal teams make quicker and better decisions. Standing for knowledge, intelligence and meaning – Kim combines the firm’s services with automation, data analytics and artificial intelligence, using Riverview’s existing suite of tools, such as its US-based knowledge automation business CliXLEX.
SIMMONS & SIMMONS
The firm has developed MiFID2 Manager, an online subscription tool, designed to guide clients through the requirements of the legislation. Updated on a monthly basis, MiFID2 Manager is specially designed as a project management tool that helps all firms directly or indirectly affected understand the core provisions, identify the relevant requirements, and track the status of implementation on an EU and national level.
Taylor Wessing collaborated with Neota Logic to produce TW: navigate, a new app to guide clients through the People with Significant Control Rules which came into force last year. The venture sees clients offered an app, accessible from any device, to help decide if they are affected by the new rules and need guidance.