Law firm Lander & Rogers will run its seventh accelerator program for legal tech startups in 2024, with applications now open.
The focus is once again on artificial intelligence (AI), which, like so many traditional industries, is now transforming law.
Since it began, the LawTech Hub accelerator has assisted 25 startups – all bar one are still in operation – including legal automation and chatbot startup Josef; secure end-to-end drafting and negotiating AI platform, DraftWise; cloud-optimised data synchronisation platform, Syncly; and risk management software, 6clicks.
The six-month, equity-free program helps startups refine their problem statements and proofs of concept, pilot their technology, meet VCs and experts from other funding avenues, and fast-track their business skills through masterclasses. It ends with a competitive legal tech pitch night.
Alongside the 2023 LawTech Hub, Lander & Rogers ran the Australia’s first AI clinical program in partnership with Monash University. The firm is no launching a new AI Lab this year to help unlock the power of AI in the law.
Lander & Rogers has embedded several LawTech Hub alumni solutions into its own tech stack.
Chief executive partner, Genevieve Collins said projects that emerged from the accelerator have also revolutionised the way that global law firms and large corporations do business as they grow and are adapted globally.
“I’m excited about the opportunities that will be created through the seventh edition of our LawTech Hub focusing on artificial intelligence, and the simultaneous launch of our new AI Lab and firmwide AI program,” she said.
“As we look forward to welcoming our new cohort of AI-powered startups and together exploring what is possible, I am confident our clients will continue to experience the very best in legal service and the very latest in legal technology.”
Lander & Rogers’ head of partnerships and director of the LawTech Hub, Courtney Blackman said the 2024 cohort will be focused on the intersection of law and artificial intelligence.
“There is quite a lot happening in the legal-tech-meets-AI space and it will be incredible to work with some of the brilliant minds that are driving the industry forward,” she said.
Last year, five startups emerged from the LawTech Hub, including a team from Silicon Valley in the US, as well as Deeligence, with cofounders Justin Hansky and Elena Tsalanidis saying the six-month program transformed their idea.
“With the support of Lander & Rogers we went from having some nicely designed screens to having launched our fully functional first version of Deeligence that is already in use at major Australian law firms,” the duo said.
The five startups in the 2023 LawTech Hub were:
- Deeligence (Melbourne): which designed, built, and launched a platform that streamlines the delivery of due diligence through automated processes and modern workflow tools. The tool is now in use at major Australian law firms.
- Disclosure Ready (Melbourne): a new platform from Legal Ready — the team behind eBrief Ready, used by 70% of Australia’s top 50 commercial law firms — that redefines disclosure management for family law firms by harnessing the capabilities of AI to automate and systemise document collection, categorisation and disclosure.
- Halisok (Brisbane): which uses AI and machine learning to extract key data locked in emails, PDFs and Word documents. Over the course of the 2023 LawTech Hub program, the team built a first-of-its-kind document identification and extraction tool that is already returning thousands of administrative hours in dividing and categorising large and complex document sets.
- My Life Capsule (Melbourne): which provides ultra-secure data storage. The privacy and security-by-design software company uses state-of-the-art, award-winning digital security systems for personal and enterprise storage.
- Oddr (Silicon Valley): is a purpose-built platform for law firms that provides a single-glass-pane view for the invoice lifecycle, allowing firms to reduce days sales outstanding (DSO) and write-offs by reinventing billing, smart collections, and integrated payments.
Details on applying to the 2024 LawTech Hub are available at lawtechhub.com.au