AIFC Lawtech advisory council
Stay updated, stay informed about legal technology news and events with AIFC LawTech Advisory Council's Fortnightly LegalTech Digest
These 7 Amsterdam-based legal tech startups are raising the bar for the legal sector
Of late, legal tech has been a point of focus for several VCs and investment firms considering the potential in the space. On the other hand, numerous legal firms are investing heavily in innovation to automate and streamline their work to stay ahead of the curve.
These changes in the legal tech market have opened doors to the development and adoption of legal technologies that allow legal-service providers to enhance productivity, offer innovative digital products, and improve quality while keeping costs at a low level. 

Source: Silicon Canals
Image: Ligo
IIT Delhi Project to Use Math Models to Improve Indian Justice System

A dedicated Centre of Excellence is coming up at IIT, Delhi, to tackle challenges in justice delivery. The centre will use data and tech platforms to ease the burden on law courts, judges, advocates and clients, police officials, jail staff, and other stakeholders in the justice system. It aims to promote access to justice to all citizens and solve persistent problems such as delays and backlog in cases. 

Howcourts administer and manage their procedures, including hearings, is inextricably linked to delays and backlogs in the Indian judicial system. For example, currently, courts schedule cases manually, which creates many inefficiencies such as unequal distribution of workloads. It also increases the backlog. In most courts, either the court staff or the judges themselves handle the listing of cases. Some district court judges get allocated as many as 200 matters a day. 

Source: The Leaflet
Law Society predicts 'savage reduction' in legal jobs as AI takes over
A bleak vision of a legal profession largely replaced by artificial intelligence and self-service legal advice is set out in a vision for the coming decade published by a Law Society-sponsored initiative. The report, based on projections by a 'Delphi panel' of experts, forecasts a 'savage reduction' in full-time jobs by 2050. Those human lawyers who remain will work alongside technology - and be required to take 'performance-enhancing medication in order to optimise their own productivity and effectiveness'.

On a more immediate timescale, the years between 2023 and 2030 will see the end of the partnership model, the 'deskilling of the legal profession as AI takes over' and compensation in the profession dropping 'dramatically'. By 2030 'everyone has a "free" lawyer at their disposal, similar to Siri'.

Source: The Law Society Gazette
Image: iStock

US legaltech provider Intapp files for potential initial public offering

US cloud-based professional services software firm Intapp is preparing to go public after filing documents with the US Securities and Exchange Commission to sell shares through an initial public offering. 

The Palo Alto-based legaltech provider – which counts 96 of the AM Law 100 as users of its client lifecycle software – hasn’t said how many shares it will sell or at what price range. According to the company’s preliminary prospectus, the share issuance will enable it to ‘capitalise on a generational shift to the cloud’, grow its client base, broaden it geographical reach, add new services to its platform and pursue strategic acquisition opportunities. 

Source: The Global Legal Post
Image: Shutterstock
Legal tech provider snaps up Wolverhampton IT services firm
Access Legal, the Loughborough-based supplier of legal technology, has acquired integrated cloud IT services provider, Oosha.
The acquisition will enable Access Legal, part of The Access Group, to accelerate its journey to bring together its legal software on an innovative ‘single sign-on’ platform.
Doug Sawers, managing director at Access Legal, said: “Since officially launching in April, Access Legal has gone from strength-to-strength and the addition of Oosha is a natural and exciting progression for us. Technology has never been more important for law firms, who want to deliver modern, flexible and seamless experiences to both clients and employees.

Source: The Business Desk

e-gree Lets You to Create, Sign and Transfer Legal Documents in a Matter of Minutes

The days of paying a lawyer to write up legal documents may quickly be coming to an end.

e-gree, a Los Angeles-based app that allows users to create, sign and transfer legal documents within minutes, closed a $1 million seed round on Wednesday. The new funds will be used for app development, PR and marketing within the United States.

The app has more than 20 pre-made templates that can be used for matters such as non-disclosure agreements or wills. These documents can then be shared between users. Pricing currently sits at $14.99 a month or $39.99 a year to use the app, which currently hosts more than 10,000 users.

Source: dot.LA

SME and startup-focused Australian online law firm Sprintlaw plans UK expansion

Australian online law firm Sprintlaw is expanding in the UK to focus on the startup and small business legal market.

The tech-powered firm provides more than 100 fixed-fee legal services that cover a wide variety of business needs, automating tasks such as business set up, commercial leases, contracting, IP, franchising and more. The firm also offers subscription services and operates under a legal consultancy model. The UK expansion comes after the Australian firm raised $1m in funding earlier this year from a group of investors including former Smartgroup CEO Deven Billimoria, who will also serve as an advisor to the company.

Source: The Global Legal Post
Image: Shutterstock

Norton Rose Fulbright hires DocGovern's former tech chief to boost legaltech consulting business

Norton Rose Fulbright (NRF) has hired legaltech consultant George Steven from document automation service DocGovern to expand its NRF Transform change and innovation business.

Steven will work alongside NRF’s head of legal operations consulting Stephanie Hamon, who supports in-house legal teams with commercial and business management strategies. Steven will advise those clients on the procurement and implementation of legaltech, particularly around document automation and legal engineering tools, as well as helping in-house teams decide which tech is best suited to them.

Source: The Global Legal Post
Image: Norton Rose Fulbright

Future Worlds 2050: images of the future worlds facing the legal profession 2020-2030

What will be the key trends shaping the world in this coming decade? How will this future world impact and change the legal profession? As a solicitor or partner in a law firm, how could you prepare for this future?

The Future Worlds 2050 project was set up to explore changes and uncertainties in the legal profession in England and Wales over the next 30 years, through the lens of global trade and competition.

This first report focuses on the emerging themes that look likely to dominate and affect the law, the legal profession and society in 2020 to 2030

Source: The Law Society
Date: 17 June 2021. Time: 16:00 Until 17:00 BST
The rise of AI in the criminal justice sector
Join Luminance for a discussion with Sally Hobson, Criminal Barrister at The 36 Group on how next-generation technology is being adopted in court-based litigation around the world, including a high profile murder trial in the UK. Find out how AI allows legal counsel to prepare for court cases with unmatched efficiency and speed, all whilst gaining total insight into their data set.

Source: Luminance

Tuesday June 22nd 2021

9am-2pm EST / 2-7pm BST


This event is designed to cover a broad range of topics in legal innovation. Legal Geek pledge that every attendee who spends over 60 minutes at the event will make 5 new friends and learn 5 new things!

The event is for anyone who loves legal technology and innovation. Content will be particularly relevant for those working in-house as a lawyer or innovator, in a law firm and in a technology provider or startup. Legal Geek also welcomes freelancers, consultants and general lawtech enthusiasts.

Source: Legal Geek

Disclaimer: The Fortnightly LegalTech Digest contains links to other Internet websites and information provided by persons not affiliated with the AIFC LawTech Advisory Council. Such links are not endorsements or referrals of any products, services or information contained in such websites, and no information in any such website has been endorsed or approved hereby. No claims, promises, or guarantees about the completeness, accuracy, currency, content or quality of information contained in the links to and from this website are made; information provided and opinions expressed by others do not necessarily represent the opinion of the AIFC LawTech Advisory Council. The AIFC LawTech Advisory Council expressly disclaims any and all liability resulting from reliance on such information or opinions.

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