AIFC Lawtech advisory council
FORTNIGHTLY LEGALTECH DIGEST
ISSUE No.12
ISSUE No.12
Stay updated, stay informed about legal technology news and events with AIFC LawTech Advisory Council's Fortnightly LegalTech Digest
LEGALTECH NEWS & ARTICLES
Course on LegalTech by AIFC
AIFC LegalTech Advisory Council in collaboration with the Astana International Financial Centre, AIFC Academy of Law is pleased to invite you to a “Certificate in LegalTech” programme.
Registration fee - 30 000tg (approx. $70)
For more information, please contact Mr Almas Zhumashev at: academyoflaw@aifc.kz
Registration fee - 30 000tg (approx. $70)
For more information, please contact Mr Almas Zhumashev at: academyoflaw@aifc.kz
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Nishimura & Asahi becomes first Asian firm to invest in legal-tech app store Reynen Court
Leading Japanese law firm Nishimura & Asahi is pleased to announce its investment in Reynen Court Inc., a curated “app store” which allows users to access numerous legal-tech software applications via a secure platform. Nishimura & Asahi joins other major law firm investors Clifford Chance, Latham & Watkins, and Orrick, and also becomes the first Asian firm to join the New York headquartered company’s consortium, a group of leading global law firms supporting the development and growth of the platform.
Source: Nishimura & Asahi
Photo: https://clecompanion.com/reynen-court/
Source: Nishimura & Asahi
Photo: https://clecompanion.com/reynen-court/
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EY Calls On Legaltech Platform to Assist With LIBOR Transition
The firm is using an artifical intelligence platform to process thousands of contracts which need amending before the deadline in 13 months.
Big Four professional services giant EY has called on artificial intelligence platform Luminance to assist with the huge quantity of contract reviews needed for the transition away from the London Interbank Offered Rate – more commonly known as LIBOR.
Source: Law.com
Photo: Shutterstock
Big Four professional services giant EY has called on artificial intelligence platform Luminance to assist with the huge quantity of contract reviews needed for the transition away from the London Interbank Offered Rate – more commonly known as LIBOR.
Source: Law.com
Photo: Shutterstock
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Suddenly, A Multiplicity Of Legal Tech Marketplaces
In her job as managing director of innovation and knowledge at the law firm Paul Hastings, Nicola Shaver regularly has to search for technology tools to address needs or tasks within the firm. The problem, she found, is that there is no easy way to do that. As she talked to others around the world in roles similar to hers, she realized this was a global problem.
Source: Above The Law
Photo: Unsplash.com
Source: Above The Law
Photo: Unsplash.com
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New differential privacy algorithm allows for secure sharing of machine-learning legal tech: lawyer
A new differential privacy algorithm could allow lawyers to share the fruits of machine-learning legal tech tools without risking client confidentiality or having their work commandeered by the competition, says Dr. Wolfgang Alschner, associate professor at the University of Ottawa Faculty of Law.
Source: Law Times
Source: Law Times
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40% of Companies Facing Enforcement Investigations Due to Poorly Implemented Tech
A landmark survey of more than 1500 compliance leaders around the world has revealed major risks associated with digitalization, with 41% of those surveyed admitting their organization has already experienced enforcement investigations by regulators because of technology that was poorly on-boarded and/or implemented.
Source: Baker McKenzie
Source: Baker McKenzie
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Chinaccelerator names 6 SaaS startups in 18th cohort
Shanghai-based Chinaccelerator is set to graduate its 18th cohort on December 9 this year, with all six startups in its lineup being software-as-a-service (SaaS) startups.
For the last three months, the cross-border internet-centered startup accelerator has been working with companies from India, Hong Kong, Spain, and Singapore, which all leverage AI and blockchain technology to build SaaS products aimed to disrupt the fintech, insurtech, legaltech, and media industries.
Source: Tech in Asia
Photo: SOSV
For the last three months, the cross-border internet-centered startup accelerator has been working with companies from India, Hong Kong, Spain, and Singapore, which all leverage AI and blockchain technology to build SaaS products aimed to disrupt the fintech, insurtech, legaltech, and media industries.
Source: Tech in Asia
Photo: SOSV
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Report hails 'golden decade' for UK legal services
The past ten years have been a "golden decade" for legal services in the UK with growth in employment, exports and technology establishing the sector as a leading global player, according to a report on Thursday 26 November 2020.
The report, ‘Legal Excellence: Internationally Renowned’, compiled annually by financial and professional services trade association TheCityUK, also found widespread advances in diversity, but said more needed to be done at senior level.
Source: Relocate Global
Photo: Unsplash.com
The report, ‘Legal Excellence: Internationally Renowned’, compiled annually by financial and professional services trade association TheCityUK, also found widespread advances in diversity, but said more needed to be done at senior level.
Source: Relocate Global
Photo: Unsplash.com
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This Legaltech Startup Is Looking To Bring AI-Powered Workflows To India’s Tech-Shy Law Firms
Precily’s text analysis engine powered by AI, NLP and deep learning modules is capable of analysing business documents, legal documents, research papers and others. Indian lawyers and chartered accountants are still reluctant to adopt AI solutions due to the fear of automation taking jobs away from humans and poor experience with legal technology in the past. Backed by legal-tech focussed investors like Pune-based VC firm Windrose Capital and Palo Alto-based law firm Inventus Law, Precily claims to target $50-75 Mn in ARR by 2024.
Source: Inc 42
Source: Inc 42
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UPCOMING LEGALTECH EVENTS
Smart Contracts Hackathon (part of the Global LegalTech Summit 2020)
07-09 December 2020
The London Blockchain Foundation (LBCF), in partnership with Forte Markets & Curatix, will be running the Smart Contract Hackaton at the Global Legal Technology Summit & Expo 2020. Expect a world class experience, with projects facilitated by industry experts, and develop Smart Contracting solutions that will aid & support the United Nations Sustainable Development Goals.
Participants in this hackathon will receive industry support from esteemed mentors and faculty, and develop a functional & well-polished solution that will serve to solve/achieve one of the UN SDGs of their choosing.
The London Blockchain Foundation (LBCF), in partnership with Forte Markets & Curatix, will be running the Smart Contract Hackaton at the Global Legal Technology Summit & Expo 2020. Expect a world class experience, with projects facilitated by industry experts, and develop Smart Contracting solutions that will aid & support the United Nations Sustainable Development Goals.
Participants in this hackathon will receive industry support from esteemed mentors and faculty, and develop a functional & well-polished solution that will serve to solve/achieve one of the UN SDGs of their choosing.
Expect real-world applications & genuine feedback that have a real chance of becoming implemented in a global firm/organization!
Source: Forte Markets
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Defending Against the Insider Threat
LegalTech Talks – live 8 December 2020 at 13:00 (GMT)
This session will explore the authentic nature of risk, which will focus on user behaviour, the internal security culture and delve deeper into insider threats. The Panel explore how an awareness of insider risk, including human error, supports the overall strategy for firm resilience.
Speakers:
This session will explore the authentic nature of risk, which will focus on user behaviour, the internal security culture and delve deeper into insider threats. The Panel explore how an awareness of insider risk, including human error, supports the overall strategy for firm resilience.
Speakers:
- Peter Wright, Managing Director, DigitalLaw UK (Chair)
- Dee Pang, CISO, Slaughter & May
- Sakina Chenot, Head of Legal Risk and Global Privacy Officer, HFW
- Martyn Styles, Head of Information Security, Bird and Bird
- Jon Segger, Information Security Manager, Linklaters
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Standard Chartered Women in Technology Incubator Kenya
13 December 2020 | Online
The Standard Chartered Women in Technology Incubator Kenya is Africa’s leading incubator programme for female founded businesses, aligning with calls for more diversity in technology, entrepreneurship and for more opportunities for women to develop entrepreneurial and leadership excellence. The program is an initiative of Standard Chartered in partnership with @iBizAfrica Centre, Strathmore University.
The Standard Chartered Women in Technology Incubator Kenya is Africa’s leading incubator programme for female founded businesses, aligning with calls for more diversity in technology, entrepreneurship and for more opportunities for women to develop entrepreneurial and leadership excellence. The program is an initiative of Standard Chartered in partnership with @iBizAfrica Centre, Strathmore University.
Source: African Law & Tech Network
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