Just four months after it invested in legal technology startup Pekama, Taylor Vinters has announced a strategic partnership with contract intelligence startup ThoughtRiver and will this week begin beta testing its platform across the law firm’s international client base.
ThoughtRiver’s contract intelligence software applies a contract risk evaluation tool that scans and interprets information from written contracts used in commercial risk assessments and produces visualisations of the potential risks and other issues.
In what could be the first of many ventures, Taylor Wessing has collaborated with Neota Logic to produce a new app to guide clients through the People with Significant Control Rules (PSC) scheduled to come into force on 6 April.
The venture, led by Saleh Abukmeil, product manager for Taylor Wessing, sees Taylor Wessing’s clients offered an app, accessible from any device, to help decide if they are affected by the new rules and need advice. The PSC requires UK companies and LLPs to keep a statutory register showing who the ultimate beneficial owners and controllers are and the details of their holdings.
It’s been a busy couple of weeks for hires, new deals and product launches, particularly given the disruption of Easter, which saw an ‘exit stage left’ stampede well before Good Friday.
We bring news of some classy hires from Wilson Legal Solutions and legal outsourcing provider QuisLex, together with product launches and upgrades from LexisNexis, DocsCorp; DocAuto; Morae Legal; BigHand and Evolve Law. Plus wins and deals from Eclipse Legal Systems; Frankfurt-headquartered startup BusyLamp; and Essex solicitors Fisher Jones Greenwood, as well as other industry news.
Ohio-based legal innovation consultancy CuroLegal has announced the launch of an AI-assisted online platform for its outsourcing division, Custom Counsel, after partnering with Legal.io, a Stanford CodeX-backed Silicon Valley startup.
Custom Counsel, which was acquired by CuroLegal in 2015, offers lawyers easy access to the entire range of legal support, including freelance attorneys, paralegals, and legal assistants. These professionals are available on demand to other lawyers and have an average of 13 years of experience in the legal industry.