Deloitte (Image: Shutterstock.com/Grand Warszawski)
Deloitte is the latest Big Four giant to launch a legal technology incubator, selecting 14 companies to join the first cohort of the firm's program.
The incubator, called Deloitte Legal Ventures, follows the launch of PwC's 10-week legaltech programme, 'Scale | LawTech', which was announced in May.
According to the firm, nearly 400 companies were assessed for selection. Successful startups include legaltech platform Reynen Court, which launched in the U.S. earlier this year, and legal time-keeping startup Ping, which has previously received investment from Mishcon De Reya.
As part of the setup, Deloitte will provide the companies with access to consulting, technology, legal and investment experts from across the firm, and in return Deloitte Legal will become a user of the products and services offered by the start-ups.
The firm said that it aims for the program to reimagine how lawyers engage with early-stage companies.
In a statement, Deloitte Legal innovation and ventures lead Laura Bygrave, said: "Importantly, we are not seeking to achieve exclusivity through these relationships; we do not want to impose any restrictions that could hinder product development and growth."
Companies included in the program are:
- Autologyx
- Avvoka
- CourtQuant
- Crafty Counsel
- Define
- Genie AI
- Juralio
- Kormoon.ai
- PING
- Reynen Court
- Sente Advisors
- Tabled.io
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