UK Legal Tech Reaches New Heights

While still lagging behind the United States, 2016 is shaping up to be best year yet for the fledgling legal tech sector in the United Kingdom. Amid the 50+ UK legal startups aiming to disrupt the law through artificial intelligence, bots, on-demand legal services and the like, three watershed moments are sure to accelerate that…

Bell finally tolls for the billable hour

Archaic methods of law firm billing have long been criticised, but not much has changed. Legal fees remain inflated, lacking in transparency and calculated in a way that is at odds with today's fast-paced, information-driven world. The billable hour is a notorious bugbear. For clients, it is a poor metric for comparison between legal providers.…

In-house LegalTech Spotlight: Counselytics

To kick off our series highlighting the best of LegalTech for in-house legal departments is Counselytics - converting your unstructured contract data into actionable intelligence. TL;DR: Founded: 2013 Funding: $850,000 Made in: New York, USA CEO/Founder: Jason Gabbard (ex-Cravath, Morgan Stanley) “The amount of digital information inside organisations is doubling roughly every…

The Dawn of Legal Price Transparency

The simmering battle for price transparency in legal services has become more targeted. This is after the Legal Services Consumers Panel called for regulators to consider mandating fixed fee pricing for family lawyers. Their tough stance feeds into the chorus of voices calling for definitive action to address the inadequacies in the legal services market,…

How Much To Register a UK or EU Trade Mark

Creating a brand is hard. Days, weeks, even months of soul-searching will pass, picking the right name and crafting the perfect logo. But when it all comes together, when the pixels fall into place, you make your mark on the world. It's your baby and it's yours to protect. The best way to protect your…

Will My eSigned Contract Hold Up in Court?

There’s something to be said when a ‘Magic Circle’ law firm such as Linklaters finally ditches the fountain pen and adopts electronic signing into its contracts. After all, many businesses already take advantage of the speed, convenience and auditability that comes with e-signing. But in an industry obsessed with managing risk, surely this means…

Brexit: 6 High-Impact Risks for Your Business

The UK’s current legal and regulatory framework is unlikely to undertake any drastic changes overnight. Under current exit procedures, the UK will remain in the EU for some time yet, allowing for businesses to adapt. But while uncertainty as to the future relationship between the UK and EU prevents fully accurate long-term planning, it…

Can an Email Burst Your Watertight Contract?

As a new enterprise you may have a set of terms of business drafted. You may have drafted these yourself, got a business solicitor in or even cut and paste these from your competitors – I won’t talk copyright on this occasion! As a brief reminder, that “contracts” do not have to be writing to…