June 14th – Law Society launches Public Policy Technology and Law Commission
Christina Blacklaws (Vice President of the Law Society of England & Wales) launched the Public Policy Technology and Law Commission this week as part of London Technology Week 2018. According to the Law Society website the commission will:
“examine the use of algorithms in the justice system in England and Wales and what controls, if any, are needed to protect human rights and trust in the justice system.”
June 14th – Regulated law firms will be required to publish price information from December
The Solicitors Regulation Authority (SRA) has announced that the firms it regulates will be required to publish price information for certain services from December 2018.
The announcement comes hot on the heels of a similar announcement from the CLC (Council for Licensed Conveyancers) on 4th June.
According to the CLC:
“The changes aim to provide better transparency for consumers and foster innovation and competition in the legal services market whilst having minimal impact on the regulatory burden on the profession.“
According to the SRA:
“In our CMA action plan, we committed to bringing transparency requirements into force by the end of 2018. Subject to LSB approval, we therefore expect to introduce our requirements regarding firms publishing prices, service information and details of how to make a complaint, from December 2018.”
June 13th – Legal Geek’s First London Meet-Up – 3 Years On
Legal Geek checks in on four of the guests to their first ever London meet-up three years ago to see what they’ve been up to.
June 12th – The Land Before Legaltech: 10 Unbelievable Stories
LawGeex have compiled a list of ten ways that LegalTech is changing the way law firms work by providing automation alternatives for manual tasks.
June 12th – The Problem with Law Schools? They Only Prepare Future Lawyers
Speakers at the Thomson Reuters 2018 Legal Executive Forum in New York argue that legal education has fallen behind as the legal industry has shifted to serve more operational and business needs as reported in Legaltech News.
June 11th – AI startup Eigen Technologies raises £13 million from Goldman Sachs & Temasek
Business Insider UK reports that Eigen Technologies has raised £13 million from Goldman Sachs Principal Strategic Investments and Singapore’s state investment fund Temasek. According to the report: “Eigen uses artificial intelligence technology to read legal and financial documents, making it easier for lawyers and bankers to analyse complex contracts”. Eigen’s client list includes Goldman Sachs, Linklaters, Evercore, and ING.
According to Artificial Lawyer the investment “is one of the largest Series A rounds for a legal AI company” (beating the £7.5m invested in Luminance last November) as well “a watershed moment in the history of legal AI technology and marks a new level of buy-in, as shown by the commitments of two of the world’s leading financial institutions”.
June 7th – Asia-Pacific Innovative Lawyers 2018
The FT Innovative Lawyers report has provided insight into the innovation taking place in law firms since 2006. The latest report on the Asia-Pacific region has just been released.
June 5th – University of Manchester launches LegalTech module
Legal Cheek reports that students studying at the University of Manchester will soon be able to take a new optional module called ‘LegalTech and Access to Justice’. The course is being delivered in partnership with AI company Neota Logic and magic circle law firm Freshfields Bruckhaus Deringer.
June 4th – Roundtable: Information technology in dispute resolution
Joanna Goodman writes in the Law Society Gazette about a recent “Information technology in dispute resolution” roundtable, posing the question “Does legal tech just mean faster, cheaper disputes or will it start to change outcomes?”.
Also published on Medium.