Bclp Legal Tech
In addition to the constant pressure to deliver more for less, we know it`s a big challenge for in-house teams to stay ahead of the latest developments in the legal market. The use of artificial intelligence, machine learning and mobile technologies, combined with the increased use of state-of-the-art process improvement and project management techniques, is changing the way legal services are delivered. With the rapid pace of change, internal teams sometimes struggle to identify new technologies to adopt and the modes that are occurring. Cubed was highly regarded in the FT`s 2020 Innovative Lawyers: Europe report, which revealed that the tech arm had generated more than $1 million in revenue since 2019. In addition, we advise on data protection “authorization” and cybercrime. In the digital and e-commerce sector, we have in-depth knowledge of advising clients on setting up “digital only” businesses, such as advising on joint venture IT agreements and transport mapping technology as well as digital ticketing solutions. In the proptech sector, we represent investors, owners, P2P platforms and other technology companies. In his advice to those who want to get into legal technology at BCLP, he said, “First and foremost, you don`t have to be a programmer.” Instead, you need to be able to interview a problem area and identify specific “weak points” to develop new products. The BCLP plans to launch a new intern headquarters in the field of innovation in 2021. This will allow interns to engage in many different disciplines and develop the complementary skills that come with making the most of legal technology. In addition, Pryor would encourage articling students seeking a career in legal technology to participate in bcLP`s Innovation Champions program – a community that discusses technology and implementing new approaches. After working for government or law firms for most of her career – first as head of intelligence for the Central Intelligence Agency, then nearly two decades in law firms – Katie DeBord, director of innovation at Bryan Cave Leighton Paisner, is making the leap into the legal technology sector.
Our legal technologists, software developers, process improvement specialists and legal project managers include globally recognized market opinion leaders. Through proven workshops and reviews and the use of a consulting approach that has been successful in organizations across various industries, they help in-house legal teams stay ahead of the rapidly changing legal market. Real estate technology (PropTech) is a rapidly growing segment of the technology sector. Traditional PropTech involved the combination of real estate and technology in segments such as data centers and technology services within a company, such as site-wide Wi-Fi arrangements. Emerging PropTech is disrupting much broader segments of the real estate sector, including real estate financing via P2P and crowdfunding websites, alternative leasing structures that owners have created for their mixed-use TMT assets, and technology that enables the Internet of Things, smart buildings, and smart cities. As a result, we have been repeatedly named the “world`s most innovative law firm” by leading publications and legal institutions on both sides of the Atlantic. To do this, they highlight performance issues, prioritizing improvements and identifying the best practice approaches to solving problems. They can also advise you on the technologies best suited to solve specific problems and help set up actions and dashboards to monitor improvements. Other companies that have recently made changes to their technology-focused external prisoners include Clifford Chance, who recently brought the R&D side of Applied Solutions back into the corporate body.
Pryor`s interest in legal technology can be attributed to the work he did as a newly qualified lawyer in commercial litigation at Macfarlanes. Here, Pryor became involved in early eDiscovery technologies and developed a fascination with new ways of navigating documents in large eDisclosure projects. When Pryor joined berwin Leighton Paisner (BLP) in 2010, he was drawn to the firm`s commitment to innovation, including the creation of Lawyers on Demand, a flexible law firm. Bryan Cave Leighton Paisner`s Digital Transformation and Emerging Technologies practice includes a combination of teams working in the areas of technology, privacy, financial services and intellectual property. In the field of blockchain and cryptocurrency, our multidisciplinary technology and regulatory lawyers have advised on the business aspects and setting up a platform for an exchange company. We understand the regulation of financial services as it applies to technology in areas such as fintech and crypto-related assets. In the field of data science and robotics, we were one of the first law firms to advise on the application of telematics and “big data” to conclude insurance contracts for a large insurance group. We are also currently advising this group on the use of robotic process automation (RPA) for various processes currently performed manually.
After working for nearly 20 years for law firms, Katie DeBord is Vice President of Product Strategy at disco, an e-discovery provider. She wants to be part of the transformation that makes legal technology as attractive as many consumer platforms. Our experience as a leader in the legal industry goes back decades and is part of our core business strategy to provide services in a way that aligns with our clients` operational and business objectives. As part of our expertise in the innovative provision of legal services, we have a dedicated advisory service that supports legal services in their legal challenges. License our cutting-edge legal content to develop your thought leadership and build your brand. Our team works with innovative and emerging players in major technology hubs and advises these companies on numerous global technology infrastructure projects. We also provide digital services for industries such as banking, insurance, transportation, logistics, crypto, retail, entertainment and real estate in advanced and emerging technologies. These services include blockchain and digital currency, data science and analytics, robotics and automation, digital and e-commerce, as well as peer-to-peer lending or investment platforms, among others. At BCLP, we employ the right lawyers for the relevant technology sub-sector that is critical to the client`s needs, from fintech and payment solutions to AI and other cutting-edge technologies. From digital media to mobile communication, across all the service lines of our global society. Further information on our experience in these areas can be found on the pages of the relevant sub-sectors.
In response, BCLP saw an opportunity to highlight managed legal services. BCLP Cubed also works in conjunction with BCLP`s LegalOps consulting expertise. These go hand in hand because “law firms don`t do their work in silos – we get instructions from clients, and we need to help manage the interface between what they do and what we do.” Bryan Cave Leighton Paisner`s technology practice is active in the PropTech segment. Our firm is one of the UK`s leading law firms in the real estate sector and with this knowledge and experience we are actively involved in different parts of the proptech industry. We have negotiated for investors, owners, P2P platforms and technology companies in this sector. The pace of change in the legal market shows no signs of slowing down, and sticking to historical delivery patterns no longer provides the value customers expect. We understand that customers buy results, not hours, and they expect efficient delivery of those results. For this reason, we are pioneers of legal innovation around the world and that is why clients are looking for new ways to solve their economic and legal challenges.
He has taken on a role in knowledge management as part of a transition to the business services component of law, exploring how to share best practices and “build the legal apparatus.” He tells me how, given the growing role of legal technology in litigation, this role has naturally shifted to legal technology. “I tried to help the team push the boundaries of how we use technology and how we use it to advance our process capabilities,” he recalls. When Bryan Cave merged with BLP to form BCLP, the newly merged company sought to establish a central innovation function. As a result, Pryor was asked to apply what he was already doing, but to a broader briefing that covered all areas of practice – “it was a great opportunity to broaden my perspective on the firm,” he reflects. When asked if BCLP Cubed should be closed, a company spokesperson said: “Innovation is part of BCLP`s DNA, where we are increasing our investments in innovation for our growth drivers and key customers.