The technology debate: Ctrl+Alt+Delete

The technology debate: Ctrl+Alt+Delete

With alternative legal services arms at Global 100 law firms in full swing, and innovation and technology experts striving to make those firms relevant and responsive to the demands of increasingly value-conscious clients, it is fair to say the future is now.

But the traditional role of the lawyer is perhaps facing its biggest existential crisis now as those new demands challenge what legal practice means today. Will the lawyer of 2030 render the celebrated black-letter technicians and swashbuckling dealmakers obsolete? Continue reading “The technology debate: Ctrl+Alt+Delete”

Mixing it with the big boys: Law tech upstarts approach adolescence following cash influx

Mixing it with the big boys: Law tech upstarts approach adolescence following cash influx

The future is hard to predict in the combustible world of law tech start-ups. But recent big funding rounds for some of the industry’s darlings signal an increasing maturity in the space with Kira, Apperio, Eigen Technologies and Legatics all receiving hefty funding rounds in recent months.

Kira further secured its spot as the leading AI platform for law firms after landing a record $50m of private equity backing from New York-based Insight Venture Partners in September. The investment was the first external backing for the company since its inception, with the machine-learning contract analysis platform now primed for continued growth. Continue reading “Mixing it with the big boys: Law tech upstarts approach adolescence following cash influx”

Law firm tech: Turning the lights on

Law firm tech: Turning the lights on

What do the individuals responsible for putting together the tech behind Lady Gaga’s concerts, a creative executive of ER and the developer of Reuters’ first-ever online financial products have in common? All three reinvented themselves as tech experts at top UK law firms. And you would be forgiven for wondering why on earth someone would make such a move.

‘Law has traditionally not been perceived as the place to find creative and innovative people,’ concedes Andrew Mcmanus, who was IT director at live events business The NEC Group before joining Eversheds in 2014. ‘But I’m not sure that’s the case anymore.’ Continue reading “Law firm tech: Turning the lights on”

Legal technology sponsored briefing: The anatomy of a digital-age legal service business

Legal technology sponsored briefing: The anatomy of a digital-age legal service business

 

Chris Bull of The Intuity Alliance/Kingsmead Square considers the structure, funding and skills needed for a legal service business in the digital age

Note I am talking about ‘legal service business’, not ‘law firm’. ‘Law firm’ suggests a partnership – too outdated and narrow a term in an era when very few new partnerships are being created, and more existing firms are converting to corporate structures. Continue reading “Legal technology sponsored briefing: The anatomy of a digital-age legal service business”