City Corporation sets up LawTech group to disrupt the legal sector
The City of London Corporation has launched a LawTech Sounding Board to gather views on how to increase adoption of legal technology in the financial and professional services sector.
The inaugural meeting of the group will be held today (3 June) and will feature speeches from the City Corporation Policy Chair Catherine McGuinness alongside the Lord Chancellor & Secretary of State for Justice David Gauke MP.
The Law Society, LegalGeek and Barclays Eagle Labs will also attend.The creation of the Sounding Board comes in the wake of a report by the Law Society, which showed that adoption of technology remains limited across the legal sector.
It will aim to provide a forum for exploring what practical action can be taken by the legal and tech communities to ensure the UK retains its competitive advantage as a legal technology hub.The group will operate alongside existing initiatives including the LawTech Delivery Panel, a joint initiative between government, judiciary, industry and academia to promote the use of technology in the UK’s legal sector.
City of London Corporation Policy Chair Catherine McGuinness said:
“As a lawyer by profession myself, it is very apparent to me that there is plenty of work to do to harness the full benefits of technology in the legal sector.
“With technology continuing to develop at a rapid pace, firms need to evolve in order to embrace the benefits available and ensure that the UK remains at the cutting edge globally.
“After all, as a world leader in legal services, it is only right that we are at the forefront of this lawtech revolution. I hope this Sounding Board provides a platform for how we achieve this.”
Over the last six years, more than 90 LawTech start-ups and scale-ups across Europe received investments totalling £306 million, with nearly half of this in the UK (Legal Geek Start-Up Map).
Notes to editorsThe City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk
For more information contact:
Financial Services Media Officer
City of London Corporation
44 （0）207 332 3451
Sounding Board members (A-Z, as of 3 June 2019)
- City of London Corporation
- Clyde & Co
- Eversheds Sutherland
- Freshfields Bruckhaus Deringer
- iManage RAVN
- Law Society
- Neota Logic
- Osborne Clarke
- White & Case