PwC Extends Legal Tech Incubator Programme, Goes Virtual
The Big Four giant has selected eight firms for its initiative, which will primarily take place over Zoom.
May 15, 2020 at 09:12 AM
2 minute read
PwC
Big Four giant PwC has unveiled the second cohort of its legal tech incubator programme, with the scheme set to go ahead remotely using video conferencing service, Zoom.
Scale | LegalTech, which was launched by PwC's legal arm last year, is a programme which supports developing legal tech firms that provide business and consumer services.
The scheme is one of a number of 'Scale' initiatives run by the firm, which works with companies to expand their profiles for a fixed fee.
A total of eight companies have joined this year's incubator programme, a PwC spokesperson confirmed, including contract automation provider Clarilis, forensic analysis provider, Web-IQ and data and security management platform, NewBanking.
Changes have been put in place by the firm partly as a result of the coronavirus – the scheme will go ahead primarily on video conferencing platform, Zoom, according to a spokesperson. It is also set to last for four months as opposed to the previous length of ten weeks.
Other successful applicants incude document automation service provide, Airslate; online compliance training service Emotics; automated compliance management providers, Insiderlog and Prosperoware; and finally contract compliance manager ContractZen.
According to a statement by Clarilis, the Scale | LegalTech programme had over 350 applicants for this year's cohort, with PwC conducting 100 initial assessments and over 30 interviews to narrow down applicants to the final eight.
Elsewhere, this year's incubator programmes have seen disruption as a result of the ongoing coronavirus pandemic. Slaughter and May's Collaborate and Fast Forward programmes, geared towards legal tech and fintech start-ups, have both been postponed due to the virus.
The cohort for Allen & Overy's legal tech incubator Fuse is set to be announced in the coming weeks, according to a spokesperson for the firm.
The PwC Scale | LegalTech cohort in full:
- Prosperoware
- Clarilis
- Airslate
- ContractZen
- Web-IQ
- NewBanking
- Emotics
- Insiderlog
Read more
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