JordanFurlong + incubator   25

Are Incubators Only For Big Law? Austrian Firms Show Collaboration Is The Answer – Artificial Lawyer
By pooling resources between seven firms, and then bringing in the support of local universities and other bodies, the law firms (see below), which include major local brands such as Dorda, Schönherr and Wolf Theiss, have been able to put together what they may not have been able to do on their own.

For example, although Dorda is a well-known and leading firm in Austria and the region, it has less than 100 lawyers in total – and devoting fee earner time to creating and running an incubator would be a strain. But, if you combine a firm of this size with the firms below, then they have the resources of a far larger business.

Although the LTHV doesn’t appear to have gone down that road yet, another opportunity here could be to pool anonymised contract data to help NLP/ML start-ups – something that Singapore is planning to do.

Overall, this collaborative approach could be a model for law firms in other parts of the world that also want to explore working directly with start-ups and scale-up legal tech companies, but that feel limited in terms of resources. 
innovation  firms  incubator  r&d  collaboration 
4 weeks ago by JordanFurlong
The UK's Top Legal Tech Incubators: A Firm-By-Firm Guide | Legaltech News
It’s no secret that law firms are pushing to build their tech-friendly credentials, most notably through ‘incubator’ programs, which offer a variety of perks to start-ups to help them grow their company.

This year alone has seen Slaughter and May, Clifford Chance and Ashurst all launch new initiatives. Even Barclays and PwC have taken interest with their own legal-tech focused programs.
The benefit for law firms is that they get in at the ground level with high-growth (and potentially high fee-generating) clients, or they can boost their own practices by bringing their technology in-house.

But you would be forgiven for losing track of which firm has done what. Here, Legal Week rounds up the main incubator-style programs run by U.K. Top 50 firms.

Allen & Overy

Fuse, Allen & Overy, London
A&O’s Fuse is an in-residence innovation program run from the firm’s London headquarters.

Participating companies receive day-to-day access to the firm’s lawyers and clients in order to develop their products. A&O looks to work with companies at various stages of development, who focus on legal or regulatory technology.
incubator  startup  innovation  it 
11 weeks ago by JordanFurlong
Allen & Overy Picks Four Newest Companies to Join Fuse Incubator | Legaltech News
Four legal tech companies have fought off competition to join Allen & Overy’s vaunted Fuse incubator program.
Apiax, Define, HighQ and Scissero will move into A&O’s flagship tech space in early May this year, after beating 100 applicants for this year’s round.

The companies will join Fuse veterans Avvoka, Legatics, and Nivaura, which have been in the program since it launched in September 2017. They also join fintech company Regnosys, which was selected for the second round of the program last April.
Companies to leave the program this year include Kira, which raised $50 million in its first external funding round while on the program, and Bloomsbury AI, which was purchased by Facebook in July.
incubator  it  firms  innovation 
march 2019 by JordanFurlong
A&O opening Fuse tech lab for third round as it partners on AI project
Allen & Overy (A&O) will open its technology incubator space Fuse to a third group of companies from early next year, as it partners with a University of Oxford AI project.

The firm announced today (December 13) that applications to enter Fuse will be welcomed from companies until 25 January. A selection pitch to the firm will follow in February before successful applicants move into the space shortly after. Both early stage and mature companies can apply, joining Fuse for about six months.

Shruti Ajitsaria, head of Fuse, commented: ‘Fuse acts as a radar enabling us to understand what is out there in terms of technology-driven solutions to the challenges that our lawyers and clients face every day. Selecting a new cohort will enable us to continue to be a destination and a collaborative partner for best-in-class tech companies with whom we find synergies.’
incubator  startup  innovation 
january 2019 by JordanFurlong
MDR LAB Start-Up Incubator: What The Lawyers Really Thought – Artificial Lawyer
I wasn’t originally signed up to help with MDR LAB, but I became involved because a number of us were asked to give views on the utility of software that one of the start-ups had developed. I instantly hit it off with the crew at Ping – I found them to be incredibly smart, forward-thinking and spirited people. I saw in them that technology can be used to make us better lawyers in every respect – in other words, I realised that being tech-savvy is not a goal unto its self. I also appreciated the opportunity to bounce around ideas with people who, with an abundance of entrepreneurial flair, are on the crest of a wave in the development of their business. They are filled with energy and creative flow. Even though Mishcon de Reya is known to be a particularly creative and dynamic firm, the buzz from the Lab’s start-ups was something quite special and out of the ordinary.
startup  incubator  innovation  r&d 
february 2018 by JordanFurlong
The Rise of Legal Tech Incubators and Why Allen & Overy's 'Fuse' Has the Right Stuff
The firm was strategic in the selection process, concentrating on tech companies whose focus is on three principal firm practice areas ripe for  digitization: (1) ‘legal tech’ -technology that supports legal advice; (2) ‘reg. tech’ -IT to support regulatory compliance; and (3) ‘deal tech’-IT that streamlines deal making. Pairing of competencies and focus between the incubator host and participants is key.

Fuse has all the necessary ingredients to succeed: (1) well-defined focus on solutions that will drive consumer impact; (2) aligned practice and tech expertise that can be leveraged reciprocally;  (3) consumer buy-in and participation; (4)  dedicated space; and (5) a collaborative environment  that promotes an ‘everyone wins’ culture.

A&O recently issued a press release that its international banking group is deploying a new intelligent deal platform technology from Legatics, one of the initial companies selected to participate in Fuse. Little wonder A&O is already soliciting applications for its second group of incubated companies. Fuse has created an environment and culture where, by aligning the focus and interest of all stakeholders, everyone wins. Legatics has an anchor client—A&O-- and entrée to the marketplace; A&O has a technological tool that complements its practice expertise, makes it more efficient, and enhances client ‘stickiness,’ and clients have more effective legal delivery as well as internal access to the platform. The takeaway is that stakeholder alignment and collaboration are keys to building successful incubators. The same can be said of the legal delivery process.
incubator  startup  innovation 
february 2018 by JordanFurlong
Allen & Overy Adopts Fuse Incubator Start-up Legatics – Artificial Lawyer
further proof that legal tech incubators really do provide benefits for the law firms and the start-ups involved, global law firm Allen & Overy has just announced that its banking practice has adopted deal management platform, Legatics.

Legatics was a member of A&O’s first group of legal tech start-ups in its London-based incubator, known as Fuse (pictured above). The start-up provides automated Conditions Precedent, deal bible creation and issue tracking processes, which the firm expects will help it and its clients to save time and cost, and enable the firm’s core banking team to spend their time on higher value, strategic legal work.

The system also gives all transaction parties, including A&O banking clients, live visibility as to the progress of legal processes on their matter.

Founded by a former lawyer, Anthony Seale, Legatics is part of the first cohort of tech companies to work in Fuse, an innovation space where tech companies collaborate with Allen & Overy and its clients to explore, develop and test tech-enabled solutions.
incubator  startup 
february 2018 by JordanFurlong
Clyde & Co launches tech initiative with UCL to develop client products
Following the trend of tech incubator programmes  set by City firms, insurance heavyweight Clyde & Co has launched a data analytics lab to develop products and services for its clients.

The new initiative is being ran in conjunction with University College London (UCL), with which the firm has a longstanding relationship.  
incubator  r&d 
december 2017 by JordanFurlong
Large Law Firm Taps Reality TV Star to Assist in Innovation Efforts | The American Lawyer
Just last week, Orrick, Herrington & Sutcliffe announced plans to build a new in-house technology incubator, while global legal giant Dentons unveiled its most recent nonlegal enterprise in Nextlaw In-House Solutions. Even in New Zealand, leading local firm Chapman Tripp said Monday that it would launch Zeren, a new technology and innovation subsidiary.
innovation  incubator 
november 2017 by JordanFurlong
Law Firm Creates Internal ‘Skunkworks’ to Develop Tech – Big Law Business
Orrick Herrington & Sutcliffe LLP has long represented technology startups and companies, and now its leadership is hoping it can convince clients that some of that innovative spirit has rubbed off on its own lawyers.

The San Francisco-headquartered firm recently hired three developers to staff an internal technology ‘incubator,’ called Orrick Labs, that aims to turn lawyers’ ideas about how to achieve greater efficiency into reality.

By making a concerted, publicized effort to invest in technology, Orrick joins a growing number of law firms seeking to shake off the boilerplate reputation of law firms as stale organizations that cling to outmoded and inefficient work methods. Instead, the firm wants to be known as responsive to client demands for better value and efficiency. It has already unveiled or is developing tools such as a collaboration and workflow tool for lawyers to organize or draft documents.

“This is a small skunkworks operation,” said firm chairman Mitch Zuklie about Orrick Labs. “We’re not going to build [something] and see if they come. Everything will be thoughtfully designed.”
incubator  firms  r&D  innovation 
november 2017 by JordanFurlong
Mishcon Invests in Two MDR LAB Legal Tech Start-Ups – Artificial Lawyer
Pioneering UK law firm Mishcon de Reya has today announced that following its successful MDR LAB incubation programme for legal tech start-ups this year it has made two investments in its first cohort: Everchron, who are developers of collaborative litigation management software; and Ping, whose product automates timekeeping for lawyers and provides financial and productivity data analysis for law firms.

In May, six companies were chosen to spend ten weeks working alongside lawyers and business operations teams to develop and trial their products.

Now, Mishcon de Reya has signed an enterprise-wide licence with Everchron, which is based in Los Angeles, California, enabling the firm’s litigators to use the software to better manage litigation documents from the outset of a case, and to collaborate on documents with external parties such as clients, barristers and co-counsel. The firm has also agreed commercial terms on a further co-development project with Ping, which is also based in California, this time in San Francisco’s Bay Area.
innovation  incubator 
november 2017 by JordanFurlong
Let the law-tech wars begin | Canadian Lawyer Mag
The latest incubator effort comes from Allen & Overy, which in March announced the creation of Fuse, a space where it will invite tech companies to collaborate with the firm and its clients when developing law-tech solutions.

Mishcon de Reya LLP launched its MDR Lab incubator in January and, in January 2016, Canada’s Osler Hoskin & Harcourt LLP partnered with Ryerson University’s, incubator, the Legal Innovation Zone — or “LIZ”. Its current portfolio includes 15 companies.

The law firm that seems furthest down the road with its own initiative, however, is Dentons, which launched NextLaw Labs, in the spring of 2015. IBM is one of its partners. NextLaw has 10 portfolio companies, including three with Canadian connections, Beagle Inc., FileFacets and ROSS Intelligence. It also has a venture capital arm with a mandate to invest in such technology.

Dan Jansen, a technology entrepreneur who is CEO of NextLaw Labs, said that legal technology is reaching critical mass and drawing the attention of venture capitalists.

He said that, globally, there are 1,400 companies working to disrupt various aspects of the legal business and those companies have attracted more than US$1 billion in investment.

“Institutional money is starting to come.”
it  innovation  incubator 
september 2017 by JordanFurlong
Legal Incubators Help New Solo Practitioners - Attorney at Work - Attorney at Work
In recent years, a number of “incubator” programs have sprung up to provide recent law school graduates with the training and infrastructure to launch solo practices while also encouraging them to offer reasonable rates to modest-means clients to address the access to justice crisis.

The first incubator was established at the City University of New York School of Law in 2007. Ten years later, there are more than 60 incubators in 30 states, according to the American Bar Association’s online directory, as well as programs in Canada, the Dominican Republic, India and Pakistan.

Four Ways Legal Incubators Bridge the Gap for New Solos
Incubators, which may be created by law schools, state bars, local bar associations, nonprofit organizations, or a combination of these, are becoming so popular that it seems a new one appears every month. These programs address the obstacles that commonly affect new solo practitioners, including the following:
solos  incubator  associations 
july 2017 by JordanFurlong
BYU Law School's new legal design lab aims to find solutions to access-to-justice crisis
righam Young University on Monday announced that its law school is a launching a legal design lab, which for its first project will help pro se defendants in Utah answer civil lawsuits.

“There’s a crisis in law right now, and it’s that legal services are very expensive,” Kimball Parker, the program director for LawX, told the Deseret News. The offering is inspired by Stanford University’s Legal Design Lab, which is led by Margaret Hagan, a 2013 ABA Journal Legal Rebel.

There are now more than 15 law schools with innovation centers, according to the American Bar Association’s Center for Innovation.

“LawX will tackle some of the most challenging issues facing our legal system today. Some gaps in legal services may not be attractive targets for innovation by small, private startups or larger profit-oriented businesses, but closing these gaps would make a tremendous difference to many people who feel priced out of the market for legal services,” Gordon Smith, dean of BYU Law School, said in a press release.
design  access  schools  incubator 
june 2017 by JordanFurlong
Mitch Kowalski: University of Calgary warms up Canada’s first family law incubator | Financial Post
Situated at the University of Calgary’s campus building in the Downtown West End, and just steps from the C Train, the incubator will also act as a pilot project that, once successful, can be implemented in other cities across Alberta or even Canada. The new 2,000-square-foot open-concept office will run wireless and cloud-based systems and provide four articling jobs for law graduates.

In the second year of operation, there will be room to employ four first-year lawyers. Detailed curriculum and workflows will ensure that students and staff undertake files in a consistent, structured and disciplined manner. Most uniquely, the articling students and new lawyers will also be trained in the business aspects of law.

“We’re going to create a new breed of reasonably priced lawyers who will drive further innovation in the delivery of family legal services,” Young said. The incubator will operate in a mobile, paperless environment that will take advantage of all available technologies, he said. There’s a shortage of family law lawyers in Alberta, but no shortage of qualified interested students, he said. “It’s not going to be for everyone. But it’ll be exciting for those who choose to do it and it’ll give them more disciplined, consistent and structured training.”
articling  incubator  family  access  training 
november 2016 by JordanFurlong
Focus: Legal incubators help develop, market tools
Last June, LegalX was introduced in the Toronto facility. Solomon worked in education technology before he joined LegalX, and he saw potential for the legal sector.
The LegalX advisory board is rich with experience in technology and law, he says.

It helps to connect people interested in doing new things with those who could help them.

And, Solomon adds, it has also managed to connect entrepreneurs with capital investment. Within the first six months, LegalX startups raised $3 million to help get their businesses off the ground.

“I think we have made huge inroads for capital and early-stage funding,” he says.

Investment fuels everything, says Solomon, and it is especially important in the early stages.

Law firm McCarthy Tétrault LLP also developed a partnership with LegalX to help companies to pilot their technology by working with the firm’s lawyers.

The firm will also work on its legal solutions with LegalX to drive better outcomes for its clients.

Monica Goyal, an electrical engineer who became a lawyer, developed both a technical legal tool, My Legal Briefcase, as well as Aluvion Law, a legal practice that combines technology innovation in legal services delivery for businesses. Speaking from experience, she says entrepreneurs need good guidance to develop their businesses.
innovation  incubator  startups 
february 2016 by JordanFurlong
MaRS LegalX and LegalRnD announce partnership dedicated to legal sector innovation and improving access to legal services - MaRS
“A working relationship with LegalRnD at Michigan State University College of Law makes sense on many levels,” said Aron Solomon, Lead, MaRS LegalX. “As one of the most innovative law school programs in the world today, we can help them with their footprint in Canada and all the global markets in which LegalX does and will play.”

“We’re thrilled to collaborate with the innovators and entrepreneurs at MaRS and LegalX,” said Daniel W. Linna Jr., Director of LegalRnD. “Lawyers in the United States and Canada are grappling with the problem that too many lack access to affordable, high-quality legal services. The indigent and middle class need improved access, as do many businesses. LegalRnD’s collaboration with MaRS LegalX will foster improvements in legal-service delivery that will contribute to improving access to legal services for everyone.”
innovation  incubator  access  schools 
november 2015 by JordanFurlong
Great legal ventures = LegalX@MaRS - MaRS
Do you know what else is involved with X? The unknown. Mathematicians and great lean practitioners know that they don’t know the right answer, but they stay involved in the question rather than run away from it. For success in the new legal world, you need to be comfortable with the feeling of being in the unknown, while also having faith in what you do know.

MaRS is a place, but it is also an ecosystem. It is both a physical and digital hub—a truly global innovation centre that eclipses the capacities of any accelerator. It brings innovation to market for both startups and corporate intrapreneurs. MaRS connects capital, product development expertise, market research, contacts, customers, talent and access to new markets. What has each of those X factors created in terms of a formidable Y? World-class ventures. In fact, MaRS ventures have raised $1 billion in the past three years.

On an annual basis, MaRS hosts hundreds of events that draw thousands of attendees. We have also welcomed 1,000 international delegations. One thousand! That’s right, MaRS is aimed at global outreach. The likes of Al Gore and Richard Branson have passed through MaRS’ halls in the past few months.

MaRS’ focuses have typically been cleantech, health and the information & communications technology sector, which has now created a legal cluster—and not a moment too soon. It’s time for an entrepreneurial class to drive economic disruption to the legal vertical. It’s not just lawyers who get entry into the sandbox. Technologists, designers, developers, engineers and savvy business people (with no legal background) who like to push boundaries—as well as lawyers—are all necessary players in driving change.
innovation  incubator 
june 2015 by JordanFurlong
Can the Incubator Movement Help Save Legal Education? | Law.com
The “legal incubator” movement has gained significant attention in the last few years. Started in 2007 by Fred Rooney at City University of New York School of Law, legal incubators are law firm development programs through which solo and small law firms are established. Most incubator participants are recent law school graduates, though not that’s a requirement. The goal of incubator programs is to provide participants with sufficient resources and mentorship to successfully launch and maintain solo and small firms.
incubator  schools  admission  training  innovation 
june 2015 by JordanFurlong
Legal Innovation Incubator — Medium
That said, the CBA hasn’t completely figured out what a legal incubator looks like, and the recommendation came with a number of disclaimers that further consideration of this idea was required. In the United States, there has been an influx of legal startups, many backed by tech investors, that are starting to create change in the legal industry. In Canada, the start-up community is smaller, as is the pool of investment funds. Before a full-blown CBA incubator is built, a closer dialogue between these startups and the bar would be a good start.
incubator  r&d 
november 2014 by JordanFurlong
Why Do ‘Low Bono’ for Others When You Can Start Your Own Non-Profit Law Firm? « Above the Law: A Legal Web Site – News, Commentary, and Opinions on Law Firms, Lawyers, Law Schools, Law Suits, Judges and Courts + Career Resources
With unemployment rates still high for new law school grads, incubator programs sponsored by law schools and bar associations are gaining traction. Not to be confused with the profit-generating incubators common in the business and start-up world, the law school incubator concept, conceived by Fred Rooney at CUNY Law School, subsidizes new law school grads to start their own practices to  provide “low bono” legal services.
incubator  solo 
may 2014 by JordanFurlong
Cleveland-Marshall College of Law set to unveil solo practice incubator - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business
oon, through the glass walls now up in the library of Cleveland-Marshall College of Law, law students will be able to watch law graduates practice from offices housed at their alma mater.

The law school's solo practice incubator, which will host a ribbon-cutting ceremony on Tuesday, Feb. 4, aims to move in its first group of solo practitioners by March 1.

The first phase of the $1.5 million project, which is intended to support young attorneys who want to go it alone, has 10 offices. Attorneys will pay below-market rates of $200 a month to lease them, said Craig M. Boise, the law school's dean.
incubator  schools  solo  innovation  admission 
february 2014 by JordanFurlong
Justice Entrepreneurs Project | Chicago Bar Foundation
The JEP is an incubator for recent law school graduates to start their own socially conscious law firms. The goal is to expand legal services to low and moderate income people by developing new models through which lawyers in solo or small practices can sustainably serve these clients.
incubator 
january 2014 by JordanFurlong
What do you get when you mix a lawyer with an incubator?Voices | Voices
The West Loop incubator aims to solve two problems. By supplying young attorneys with mentorship, space and training opportunities, the CBF hopes to develop a new outlet for the many recent law school graduates who are struggling to find work in traditional arenas. At the same time, they’re encouraging members to invent new models to address working and middle-class clients who don’t qualify for legal aid — the threshold hovers around twice the federal poverty line — but can’t afford representation that often bleeds over into the five figures.
incubator  solo  innovation 
january 2014 by JordanFurlong
Training New Lawyers to Start Affordable Law Firms - Businessweek
“What surprised me the most was how quickly I was able to be successful—not that I’m rolling in money or anything like that,” Endzel says. Her family law practice has paid the bills since October. She’s got 10 paying clients and a half-dozen pro bono cases she’s still working on, from six months she spent at Chicago Volunteer Legal Services.
startups  innovation  incubator  solo 
january 2014 by JordanFurlong

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