Synch signs as Nordic Legal Tech’s first Nordic corporate member
We are very pleased to announce that Synch has joined Nordic Legal Tech as corporate member – it’s great having a member who is present across the Nordic countries to grow and nurture our ecosystem.
Synch is a Nordic law firm with innovation and technology at its heart. “Our collaboration with Nordic Legal Tech Hub is an obvious match. We have a strong focus on legal tech. With our offices in Nordic offices and we offer established relations with strong stakeholders within legal tech”, says Michael Brandt.
We look forward to working together with Synch!
Read the press release here and an article by AdvokatWatch here.
There is a new class of lawyer in town – one that is just as comfortable with code as appearing in court. They are being called the “techno-legals” by some, “lawyer-coders” or “lawyer-developers” by others. Whatever the title, their dual set of skills are becoming increasingly valuable in a digital driven world. Some in the legal profession even believe that the new literacy of coding is now a requirement of lawyers.
Certainly, this is the view of Australian firm, Gilbert + Tobin, who embarked on a new initiative in 2016 to teach its lawyers to code. While an advanced ability to code may not be necessary for lawyers, said Petra Stirling, former head of Legal Capability and Transformation at the firm, at least a proper understanding of the basics is essential.
This week in Legal Tech Weekly we explore this new imperative in the legal profession with a Swedish lawyer-developer and a Danish lawyer with a good understanding of coding. While there is no doubt that coding has become an essential component of some lawyer’s toolkit the big question remains: do all lawyers need to learn to code?
We’re happy to be featured in LegalTechWeekly, who give an introduction to Nordic Legal Tech and key founding partners.
This initiative has been well received in the legal industry and the hub has already formed an important partnership with the Danish law firm Bech-Bruun. “It is a great addon in our approach to get more structure on our work with legal tech. The hub can map out and engage with the market in an unbiased way and thereby have the ability to create a bigger platform for the market in general. We would like to collaborate more closely with the legal tech startups, and we believe that our collaboration with Nordic Legal Tech Hub can help us getting closer to the market and introduce us to startups and peers when we need sparring and to discuss new ideas,” explains Head of Legal Tech Innovation in Bech-Bruun, Torsten Torpe.
All new ventures involve uncertainty, so it is very nice to have Denmark’s biggest law firm onboard. Kammeradvokaten is well known for investing significant time and resources into legal tech, and we look forward to working together.
Read their press release here and an article in AdvokatWatch here. (in Danish)
Things are going well in legal tech. According to this 2018 legal tech trends report, as of November 2018, 899 legal tech companies existed worldwide. That is an increase of 32% compared to 2017. Investments are also increasing to stand at almost 700 million US dollars, while the technologies have become more refined. It is even possible to trace a veritable breakthrough in the press’s attention to subject these days. The fact that this major breakthrough came in the year of the big tech-lash and the year where GDPR put privacy op top of the agenda proves that the development is both strong and lasting. The question is, what comes now?
There is no shortage of futuristic scenarios and more or less speculative revelations about the destiny of the legal profession. And while some of these crystal ball epiphanies becomes a bit tedious, our Danish short-term predictions of the Legal Tech Trends in 2019 were such a success that we have decided to make an updated Nordic version in English.
We have gathered some of the key players in the digital transformation of the legal industry from Sweden, Norway, Finland, and Denmark to get a more complete perspective on Nordic legal tech. All contributors have answered the simple and yet urgent question:
What will be the biggest legal tech trends in 2019?
You can read their answers in the complete article here.
We are very pleased to announce our first corporate member, the Danish law firm Bech-Bruun. A new initiative like this needs strong partners and support early on if it is to succeed. The first movers are critical to helping us get off the ground.
Bech-Bruun has an innovative partnership model and are actively engaging with the legal tech ecosystem, so we are very happy that they want to collaborate. Active members play a key role in creating the value of an organization like the Nordic Legal Tech Hub and give us insights into the needs of the industry.
We look forward to working together with Bech-Bruun, as we support the development and implementation of legal and governance, risk management, and compliance tech across the Nordics. This is going to be a lot of fun.
”Is the Legal Industry Approaching it’s Kodak Moment?” The timely title is especially appropriate for those of us who grew up with cameras that used film. The Kodak Moment in question is not the perfect snapshot that Kodak once made possible, but rather the company’s failure to see the potential of a technology they had invented. That failure put them out of business. (read more here)
The eighth Oslo Legal Tech Meetup was arranged by Lexolve by Lawbotics together with Quesnay. Superbly moderated by Ingunn Solheim, the debate featured good insight and analysis from a panel consisting of Anne Dingstad Vabø, Cathrine Moestue, Thomas Reppe Wetting, and Karl-Axel Bauer, with an introduction from Marius Koestler on what the Kodak Moment actually was and why it is relevant.
Around 150 participants were at Gyldendal House and more joined the live stream. The answer to the debate’s question: about half of the audience answered yes, we will see big changes in the next five years.