Regulation: a catalyst for innovation?

28 Aug 2019

Legal tech was one of the breakout areas for technology investment in 2018, with more than $1bn of capital raised worldwide for applications in the legal sector according to Forbes.

So is the legal sector finally catching up with the financial services sector in harnessing the transforma­tive power of technology to improve access to and standards of service?

Well not quite. Although larger law firms in the US, UK, Australia and some parts of Europe are experi­menting with artificial intelligence, we do not yet have a legal Revolut or Mon­zo – a consumer-centred, technology driven legal service provider.

Although the courts in the UK and elsewhere have begun to address e-filing and explore the concept o...

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