Legal tech innovation hubs: a rundown – LCN Blogs

This probably shouldn’t be surprising. Working with emerging legal tech companies helps firms to keep their lawyers approximately date with new developments and persuade customers that they are committed to development. They may even find that, having actually been recommended by their attorneys, the legal tech designers are most likely to produce software beneficial to them.

For their part, the tech start-ups receive advice and feedback from possible clients, and access to dummy information or ‘sandboxes’ with which to test out prototypes. Sometimes, they might also receive office area or assistance finding investors.

Tech development centers are most likely to remain confined to a few firms– they require personnel time, access to information, expertise and in some cases workplace area that numerous smaller sized firms will struggle to supply. Their presence is just one example of how law companies, typically regarded as late-adopters of new technologies, are finding out to welcome them.