‘We continue to look’: Listed Gateley eyes more opportunities after first legal acquisition

‘We continue to look’: Listed Gateley eyes more opportunities after first legal acquisition

The boss of AIM-listed law firm Gateley is confident investors would support further acquisitions after its third in three years, citing a return to the capital markets as an option, for the right opportunity.

Earlier this week, Gateley announced it was making its first legal acquisition since its landmark £30m listing in 2015, entering an agreement to buy Surrey-based GCL Solicitors for £4.15m. Continue reading “‘We continue to look’: Listed Gateley eyes more opportunities after first legal acquisition”

Government backs ‘under-funded’ legal AI and data technology with £20m contestable R&D fund

Government backs ‘under-funded’ legal AI and data technology with £20m contestable R&D fund

A £20m government fund for the development of artificial intelligence (AI) and data analysis in law, accounting and insurance is being welcomed as a positive step for what is ‘under-funded and under-thought’ research and development (R&D) in the legal tech space.

Earlier this month, the government launched the fund as part of a wider drive to address challenges through research funding agency UK Research and Innovation and its Innovate UK arm. It is the latest development in the Industrial Strategy Challenge Fund which focuses on improving UK science and business innovation. Continue reading “Government backs ‘under-funded’ legal AI and data technology with £20m contestable R&D fund”

Freshfields steps up New Law makeover with Euro services hub and Manchester expansion plans

Freshfields steps up New Law makeover with Euro services hub and Manchester expansion plans

Freshfields Bruckhaus Deringer is to build on its mass relocation of support roles to the north with the launch of an equivalent hub for continental Europe. The move is also set to usher in a new career track for legal staff and support tech-assisted services, further building on the City giant’s 2015 shake-up, which has already created more than 700 jobs in Manchester.

The latest initiative will see Freshfields launch a new back and middle office centre to cover mainland Europe, with Berlin viewed as the most likely destination. ‘Berlin is the preferred location because it’s a centre for legal tech, and the only European city where there is a real start-up scene,’ Freshfields managing partner Stephan Eilers told Legal Business. Continue reading “Freshfields steps up New Law makeover with Euro services hub and Manchester expansion plans”

‘A unique buzz’: Herbert Smith to exit Finsbury Square to set up in Canary Wharf

‘A unique buzz’: Herbert Smith to exit Finsbury Square to set up in Canary Wharf

Herbert Smith Freehills (HSF) is set to relocate nearly 500 of its City workforce to a new office in Canary Wharf, as the firm moves out of its Finsbury Square base.

The move, announced today (17 May), will see 495 staff – including the majority of HSF’s London business services staff – relocated to the new office on Bank Street in September. Continue reading “‘A unique buzz’: Herbert Smith to exit Finsbury Square to set up in Canary Wharf”

BCLP unveils foray into legal tech start-up scene with contract negotiation platform

BCLP unveils foray into legal tech start-up scene with contract negotiation platform

Newly merged Bryan Cave Leighton Paisner (BCLP) has launched a ‘home-grown’ legal tech start-up which produces a non-disclosure agreement (NDA) for £5.

The online contracting tool, called Swiftagree, is the firm’s first technology product launch following its April merger, and is said to precede a number of other offerings it will launch this year. BCLP partner Barry Gross and the firm’s legal technologist Bruce Braude developed the concept. Continue reading “BCLP unveils foray into legal tech start-up scene with contract negotiation platform”

Acceleration: Mishcon de Reya aims to bring ‘propositions to life’ in second MDR LAB cohort

Acceleration: Mishcon de Reya aims to bring ‘propositions to life’ in second MDR LAB cohort

Mishcon de Reya has announced the second cohort of companies joining the firm’s incubation programme in London in the latest of a string of moves in the legal tech space.

The five new companies range from concept-stage to revenue generating, and will join the firm’s technology incubator programme over a 10-week period from today (8 May). ThirdFort, DealWIP, LitiGate, Digitory Legal and LawPanel were all selected following a pitch day at the firm’s London headquarters on 21 March, where a total of 16 companies presented their products and ideas. Continue reading “Acceleration: Mishcon de Reya aims to bring ‘propositions to life’ in second MDR LAB cohort”

‘A walk in the park’: Linklaters and A&O launch tech solutions to traverse the margin minefield

‘A walk in the park’: Linklaters and A&O launch tech solutions to traverse the margin minefield

As increasing numbers of derivatives players face a scramble to comply with Initial Market (IM) regulations, Linklaters has become the second Magic Circle firm in as many weeks to launch a service promising to take the pain and expense out of overhauling derivatives documents.

Linklaters has today [25 April] unveiled ISDA Create – IM at the International Swaps and Derivatives Association (ISDA) annual general meeting in Miami. The platform has been developed by Linklaters using its own Nakhoda AI data tool and is backed by global trade organisation ISDA. Continue reading “‘A walk in the park’: Linklaters and A&O launch tech solutions to traverse the margin minefield”

Fuse breaker: A&O brings ‘very different’ focus to second tech lab

Fuse breaker: A&O brings ‘very different’ focus to second tech lab

In the same week banking giant Barclays joined the rising tide of law-tech innovation spaces, one of the earlier movers, Allen & Overy, is rewiring its Fuse hub.

The firm announced Wednesday (April 25) the second cohort of companies which will join its tech innovation space in London from May, bringing what Fuse chairman and A&O partner Jonathan Brayne describes as a ‘very different’ focus since the first round in September. Continue reading “Fuse breaker: A&O brings ‘very different’ focus to second tech lab”

Rosenblatt takes ‘exciting step’ in UK’s fourth law firm listing

Rosenblatt takes ‘exciting step’ in UK’s fourth law firm listing

Rosenblatt Solicitors will float on the Alternative Investment Market (AIM) to support its growth ambitions and help it attract and retain talent.

The independent City firm, established in 1989, will become the fourth UK law firm to go public next month, following Gateley in 2015, and Gordon Dadds and Keystone Law last year. Continue reading “Rosenblatt takes ‘exciting step’ in UK’s fourth law firm listing”

Fly like an Eagle: Barclays joins raft of firms with City law-tech incubator launch

Fly like an Eagle: Barclays joins raft of firms with City law-tech incubator launch

Banking giant Barclays is joining the trio of law firms which have already introduced forms of legal technology incubators by launching its own space for the rapidly-growing UK legal start-up market, which received about £16m of investment in the 18 months from 2016.

The 100-person law-tech Eagle Lab in London’s Notting Hill is backed by 13 law firms and several other industry players including the Law Society, PwC, start-up community Legal Geek, as well as the University of Liverpool and University College London. Continue reading “Fly like an Eagle: Barclays joins raft of firms with City law-tech incubator launch”