Mishcon de Reya’s innovation programme MDR Lab today (16 June) announced the arrival of three new early-stage companies. Over the next three months, Version Story, SettleIndex and Amplifi will be based in Mishcon’s London offices in Holborn, working closely with lawyers and other stakeholders from around the MDR Group to improve their products and find product-market fit.
Mishcon has a good track record of continuing to work with its MDR Lab entrants. It has signed commercial agreements with nine MDR Lab companies, and invested in four of the businesses, including Time by Ping, Everchron, Thirdfort and most recently DraftWise, who took part in the winter 2020 programme.
The new companies are focussed, as usual, on quite different law firm pain points. Version Story is a document comparison and version management tool for lawyers. It enables lawyers to merge several versions into one draft and provides visualisations or a ‘visual map’ of their document history. It was founded in 2020 and is based in San Francisco.
SettleIndex is a decision and risk modelling platform that enables lawyers to model, visualize and evaluate disputes and collect and use data to inform litigation strategy. Founded in 2020 by former RPC senior partner Robert Hogarth, SettleIndex allows lawyers to model outcomes and simulate opponents viewpoints. You can read more about it here: https://legaltechnology.com/2022/02/03/settleindex-launches-litigation-risk-modelling-and-analytics-platform/
Amplifi is an intelligibility tool that helps lawyers objectively assess and simplify the language used in contracts and other legal documents, making it easier for customers and consumers to understand and engage with the content. It was part of the UK’s first Lawtech Sandbox and you can read about the outcome of that pilot stage here: https://legaltechnology.com/2021/03/25/uk-sandbox-pilot-ends-with-accelerated-growth-for-all-its-startups/
Jess Murphy, MDR Lab programme coordinator, said: “We identified a number of opportunities during the application process in 2021 and are delighted to have now converted many months of conversations into something tangible. We are excited to get going again, especially in person.”
The latest additions mean that MDR Lab has now worked with 30 early-stage LegalTech businesses over the last five years of operation.