Second Big Four Firm Enters the Legaltech Incubator Market
The launch follows that of PwC, which set up its own 10-week legaltech programme earlier this year.
December 05, 2019 at 05:39 AM
2 minute read
Deloitte (Image: Shutterstock.com/Grand Warszawski)
Deloitte has become the latest Big Four giant to launch a legal technology incubator, selecting 14 companies to join the first cohort of the firm's programme.
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 timekeeping 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 startups.
The firm said it aims for the programme 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 programme are:
- Autologyx
- Avvoka
- CourtQuant
- Crafty Counsel
- Define
- Genie AI
- Juralio
- Kormoon.ai
- PING
- Reynen Court
- Sente Advisors
- Tabled.io
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