Legaltech: making intelligent investments Karen Kerrigan Briefing - PowerPoint PPT Presentation

Legaltech: making intelligent investments Karen Kerrigan Briefing Strategic Leaders Conference Chief Operating Officer 05 March 2019 Seedrs

A B IT A BOUT S EEDRS A ND M E

S EEDRS I S A P LATFORM FOR I NVESTING IN THE E QUITY OF A MBITIOUS S TARTUPS AND S CALEUPS

W E F ACILITATE I NVESTMENTS FROM S EED TO P RE -IPO Seed Late-Stage Venture Early-Stage Venture Junior Market

W E ARE SECTOR - AGNOSTIC

W E ’ VE HAD A G OOD B IT OF S UCCESS SO F AR £520M >750 1st 1st invested on deals funded by fully-functional dedicated Seedrs Seedrs and active AutoInvest to date to date secondary market feature

A ND W E ’ VE P ARTNERED W ITH T HE L AW S OCIETY O N A L EGAL T ECH I NITIATIVE

T HIS I S M E K AREN K ERRIGAN , C HIEF O PERATING O FFICER • P REVIOUSLY C HIEF L EGAL O FFICER • P REVIOUSLY S IMMONS & S IMMONS L ITIGATOR • A KA R ECOVERING L AWYER T URNED T ECH E VANGELIST

T HE C ASE F OR L EGAL T ECH

UK L EGAL T ECH W AS S LOW TO G ET O FF T HE G ROUND General timeline: Fintech Regtec Legal tech h

SOURCE: :https://www.legalgeek.co/startup-map/#startupmap B UT I T I S N OW T HRIVING

H ERE A RE S OME U SE C ASES Provides a lawyer-matching An online marketplace for A platform that uses machine online marketplace, enabling investing in litigation. It learning to predict outcomes and businesses to find a lawyer by connects claimants in deliver savings on legal claims, providing multiple quotes from commercial legal disputes with insurance claims and complaints. specialised solicitors. investors to fund their cases. Contract management and An innovative document drafting Allows founders to create all the workflow automation through a software, which turns clauses into legals they need to build and platform that integrates with intelligent building blocks. By close their funding round, stacking these building users can CRM, storage, and e-signature integrating every component of a providers, and extracts the meta in a fraction of the time and with round into an automated process. data for metrics tracking. less risk.

A ND H ERE ’ S W HY T HE L AW S OCIETY G OT I NVOLVED

W ILL T HE UK B ECOME L AWTECH ’ S G LOBAL H UB ? S UPPORTING C OUNTER – E VIDENCE E VIDENCE L EADER IN TECH – L EADER IN TRADITIONAL • • OUTSIDE OF US AND L EGAL SERVICES C HINA HAS THE MOST R EQUIRES FIRMS TO • UNICORNS WORK WITH CLIENTS ON G OVERNMENTAL A ND • CHANGE R EGULATORY G OODWILL R E - LOOK AT LEGAL • SERVICES AND HOW S UPPORT OF L AW • FIRMS CHARGE S OCIETY N EED SUPPORT (A ND • O PPORTUNITY FOR THE ££) FROM THE T OP • UK IN B REXIT

W HAT F IRMS S HOULD D O

C ONSIDER THE A DVANTAGES S PEED OF SERVICE • Q UALITY / C ONSISTENCY OF SERVICE • P RICE OF S ERVICE • F LEXIBILITY • C OMPETITION • N EW S ERVICES • B RAND • A CQUISITION OF NEW CLIENTS • R ETENTION OF OLD CLIENTS • A CQUISITION OF NEW STAFF • R ETENTION OF OLD STAFF …. • RECOGNISE USE TECH INNOVATE INVEST PROMOTE EXPLORE

D ON ’ T B E P ETE ’ S F IRM

S OME F IRMS A RE L EADING T HE C HARGE N EXLAW L ABS : OWNED BY DENTONS , FOCUSED ON • DEVELOPING , DEPLOYING , AND INVESTING IN TECHNOLOGIES TO TRANSFORM THE PRACTICE OF LAW . (2015) H IGH Q: USE OF INTELLIGENT WORK PLATFORM TO ENHANCE • THE WAY IT ENGAGES CLIENTS AND TRANSFORM ITS DELIVERY OF LEGAL SERVICES AROUND THE GLOBE . (2018) F USE : A THE TECH INNOVATION INCUBATION SPACE • WHERE TECH COMPANIES , A LLEN & O VERY LAWYERS , TECHNOLOGISTS AND THEIR CLIENTS CAN COLLABORATE TO EXPLORE , DEVELOP AND TEST LEGAL , REGULATORY AND DEAL - RELATED SOLUTIONS . (2017) MLD LAB : INCUBATOR THAT GIVES LEGAL TEACH • COMPANIES THE OPPORTUNITY TO WORK WITHIN THEIR TARGET MARKET TO PILOT AND IMPROVE PRODUCTS AND GAIN A BETTER UNDERSTANDING OF HOW SERVICES ARE PROVIDED AND WHERE LAWYERS AND CLIENTS – WOULD BENEFIT FROM NEW TECHNOLOGIES . . 2017

B UT T HERE A RE S TILL M ANY M ORE O PPORTUNITIES A SK THE YOUNG PEOPLE H OST A HACKATHON S URVEY C LIENTS S ET A SIDE R E - THINK RESOURCE VALUE AND BILLING C ONSIDER M EASURE , WHAT IF I MPACT YOU DON ’ T

Q UESTIONS ?

T HANK Y OU Karen Kerrigan Chief Operating Officer karen.kerrigan@seedrs.com Seedrs Limited is authorised and regulated by the Financial Conduct Authority www.seedrs.com @seedrs