Singapore (Photo: RastoS/Shutterstock.com)Clifford Chance Selects First Company For Global Innovation Lab
Taiger will work with Clifford Chance to lower costs by making resource-intensive legal processes more efficient.
May 09, 2019 at 03:42 AM
3 minute read
A Singapore-based artificial intelligence company is the first to be selected for Clifford Chance's Singapore-based global innovation lab, Create+65.
Taiger Singapore Pte. Ltd. provides AI solutions that automatically read, understand and extract information. Clients of Taiger, which was founded a decade ago by former tech project manager Sinuhe Arroyo, have mostly been in the financial services sector, such as Bank of America Merrill Lynch, AIA and Manulife, according to the company.
A judging panel that included Clifford Chance global head of innovation and Amsterdam co-managing partner Bas Boris Visser and Singapore managing partner Kai-Niklas Schneider, picked Taiger to be the first company in Create+65 because its technology "aligns with Clifford Chance's innovation priorities". These include adopting new technologies to improve document drafting, management and analytics, as well as using machine learning and natural language processing to increase efficiencies.
For the next 12 weeks, Taiger and Clifford Chance will work together to identify cost- and resource-intensive legal processes that Taiger's technology can help significantly reduce. The company will be able to access the firm's resources, including Clifford Chance's lawyers and clients, to gain anonymised sample data and mentoring.
Create+65 was launched in December and is supported by the Singapore Economic Development Board. It operates in collaboration with the Singapore Academy of Law's Future Law Innovation Programme – a two-year pilot programme launched last year to encourage legaltech in Singapore.
The Singapore Government has been actively promoting legaltech in the city-state. Just last week, the Singaporean Ministry of Law, Law Society of Singapore, government agency Enterprise Singapore and technology regulator Infocomm Media Development Authority, launched a $2.7 million scheme, called Tech-celerate for Law, to encourage small and medium-sized Singaporean law firms to adopt legal technology.
The Tech-celerate for Law scheme will reimburse up to 70% of the first-year costs of "advanced" technology solutions, such as software powered by AI; as well as for "baseline" technology solutions, such as for document management and online legal research. The reimbursement for advanced technology solutions is capped at about $73,000, while baseline technology solutions are capped at $22,000.
Only local law firms operating with a Singapore Law Practice licence and that have annual revenues of $73 million or less, or employ a total of 200 staff or less, are eligible for the scheme.
|Related Stories:
Clifford Chance Launches Legal Tech Innovation Lab in Singapore
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Gibson Dunn Sued by Crypto Client After Lateral Hire Causes Conflict of Interest
Australian Corporations More Concerned About Class Actions Risk, HSF Report Finds
3 minute read
Singapore Oil Tycoon Appeals 17.5 Year Prison Sentence In Fraudulent Trading Case
Charles Russell Speechlys Opens in Milan to Focus on Ultra-High Net Worth Clients
Trending Stories
- 1How Marsh McLennan's Small But Mighty Legal Innovation Team Builds Solutions That Bring Joy
- 2When Police Destroy Property, Is It a 'Taking'? Maybe So, Say Sotomayor, Gorsuch
- 3New York Top Court Says Clickwrap Assent Binds Plaintiff's Personal-Injury Claim to Arbitration in Uber Case
- 4'You Can’t Do a First Draft of Common Sense': Microsoft GC Jon Palmer Talks AI, Litigation, and Leadership
- 5About the Awards: Southeastern Legal Awards Q&A with Regional Managing Editor Michael Marciano
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
