Duke LawOctober 29, 2021While innovative technology solutions are critical to closing the gaps in our justice system, the Duke Law Tech Lab (DLTL) is a place where those solutions come to life. Learn more. Legal Tech News powered by Law.comJune 21, 2019The third-year pre-accelerator program helps budding businesses not only address common startup challenges, but also overcome barriers specific to a legal industry that is sometimes resistant to change. Learn more. A&O recently issued a press release stating that its global banking group is using new smart transaction platform technology from Legatics, one of the first companies selected to participate in Fuse. No wonder A&O is already soliciting applications for its second group of incubated companies. Fuse has created an environment and culture where everyone benefits by aligning the attention and interests of everyone involved. Legatics has an anchor client – A&O – and market access; A&O has a technological tool that complements its practice expertise, makes it more efficient and increases customer “loyalty”, and clients have a more efficient legal service as well as internal access to the platform. It is recognized that stakeholder alignment and collaboration is critical to creating successful incubators. The same applies to the legal delivery process. Fuse`s new cohort, the fifth since its launch in 2017, includes five legal technology companies: Melbourne-based document verification firm Atticus, Toronto-based legal research platform CiteRight, New York-based entrepreneur Draftwise, Luxembourg-based ESG and sustainability compliance firm Greenomy, and London-based AI-based platform Humanloop for data annotation and model training.
Clause Logic integrates lawyer-developed automation with Microsoft Word to reduce workflow friction for lawyers, allowing them to create better documents faster with their own work product. Weekly hands-on sessions with LexisNexis executives on the growth of legal technology companies and ad hoc discussions with other LexisNexis executives on technology, user experience design, product development, product marketing, and more. Help legal technology entrepreneurs strengthen and build lasting connections with the community around them. In contrast, few U.S. companies operate similar incubator programs, although some, including Latham & Watkins and Orrick, have set up their own venture capital deals and are investing in legal technology operations. At the same time, the product that the supplier develops can be shaped for specific use in the incubator`s host company. And the existence of incubators can offer marketing benefits to retain existing customers and attract new ones, he said. A&O`s banking practice acquired the Legatics transaction management platform in 2018. The company also announced this year that it has licensed the technology for the Avvoka documentation automation platform. Last summer, the company licensed the technology to design and review firm Define.
And Clifford Chance has its Create+65 innovation lab, which “brings together venture capitalists, startups, product owners and developers, universities and private institutions” to develop legal technology solutions. Docket is a modern platform designed for in-house legal counsel to centralize the recording of issues, manage collaboration within the department, and get in-depth analysis from the legal department. Artificial lawyerJune 18, 2019The Duke Law Tech Lab, run by Duke Law School, has launched its latest legal technology incubator with 12 companies. This is the third year of the program, called “Pre-accelerator”. The project will then potentially feed some of the best cohort members into the LexisNexis Legal Tech Accelerator, also in the US. Learn more. Allen & Overy unveiled the next group of startups participating in its Fuse Innovation Center, announcing Monday the inclusion of nearly a dozen legal and financial technology companies in the incubator. However, building new legal technologies to serve clients is just one of the firm`s services outside of the incumbent firm, which aims to deepen the A&O relationship with clients at a time when competition between outside lawyers is fiercer than ever. Working with corporate clients, Allen & Overy has also selected fintech companies to participate in Fuse for a second year.
The group`s new fintech companies include Amplifi, Arteria, Elliptic, Liquidly, Solidatus and Vault Platform.
