Legal Technology Team of the Year
Recognising the law firms, in-house teams and chambers, either offshore or onshore, that have pushed through innovation and secured competitive advantage for their business. Important factors will be fresh approaches in creating and delivering legal products, including utilising technology and new business models.
Squire Patton Boggs
Developed Global Edge (GE), a subscription-based information portal providing up-to-date employment advice and developments covering 32 jurisdictions. Accessible via a mobile app and designed and built entirely by the firm, GE offers 955 reports, 221 On the Horizon updates (mapping forthcoming legislation), and 30 webinars. Among its 83 users are a host of prominent companies.
Baker McKenzie - HIGHLY COMMENDED
Baker’s Global Dawn Raid app was entirely designed and developed in-house. Initially covering antitrust dawn raids it was then updated, with added Chinese and Japanese language versions,
to include anti-bribery and corruption and tax dawn raids. It provides users with real-time guidance on their corporate rights and obligations in 44 jurisdictions and contact with a local specialist directly with one tap.
AG has created Intelligent Delivery, a new model of legal service provision. The team tests AI systems like Kira and HighQ, which includes dashboard reporting, document automation and storage. The firm used HighQ in the separation of National Grid’s gas distribution business. This complex project took two years compared to eight for comparable previous projects, saving £1m in fees.
The firm’s knowledge management team developed a customised solution to facilitate knowledge content capture, storage and access by working with Concept Searching, an external provider of semantic metadata generation technology: the first time that a law firm has used technology in this way.
Reed Smith developed The Quick Pricing Tool, which incorporates different pricing models, allowing users to establish whether clients get appropriate resources at a competitive price. Notably, the project was delivered ahead of schedule and within budget. Since its introduction, over 80% of Reed Smith’s significant matters have been priced either with an alternative fee arrangement or an estimated budget.
In partnership with US tech company LegalSifter, TLT launched Combined Intelligence, a contract negotiations solution for in-house legal, procurement and operations teams. The software completes a contract review within minutes with greater consistency and less risk of errors or missed terms. Highly configurable by users, it comes ready out-of-the-box with the embedded advice.