Mishcon de Reya has today named the five companies it has selected to participate in the second year of its technology incubator programme, MDR LAB. They were selected following a pitch day at the firm's London headquarters on 21 March, where 16 companies presented their products and ideas.
The companies selected for the 2018 programme range from concept-stage to revenue generating and cover a broad array of technologies. They will now have the opportunity to work within their target market to pilot and improve their products and to gain a better understanding of how legal services are provided, as they are welcomed into Mishcon de Reya for a 10-week period commencing Tuesday 8 May. All will have access to Mishcon de Reya lawyers and other business experts from inside and outside the firm for advice, mentorship and education.
Two of the selected companies are based in the UK, two in the US and one in Israel.
Below is a list of the participating MDR LAB 2018 companies.
Founded in September 2017 and based in London, Thirdfort is at product development stage with its product: a web-hosted software platform facilitating exchange of money in property transactions.
Based in Brooklyn, NY, dealWIP was founded in June 2017. It has a user-stage product – an integrated legal workspace platform for transactional lawyers
LitiGate was founded by experienced litigator Nimrod Aharon and AI expert Guy Uziel and is based in Tel Aviv. LitiGate offers an arguments analysis solution for dispute resolution using advanced AI algorithms. The company aims to revolutionise the conduct of litigation by delivering contentious legal services faster, at less cost and with improved accuracy.
Founded in 2016 and based in San Francisco, US, Digitory Legal has a user-stage product: a pricing prediction and management tool for litigators. Using historical data and industry trends, it helps customers understand what legal matters cost and why.
London-based LawPanel was founded in January 2016. It is at user-stage with its online trademark management platform, designed to allow firms to deliver more of their services online.
Commenting on the selected companies, Mishcon de Reya's Chief Technology Officer and Director of MDR LAB, Nick West, said: "The first year of MDR LAB really exceeded our expectations - as our ongoing relationships and investments in the 2017 cohort illustrate. We genuinely enjoy working with these early stage legal tech start-ups to help them bring their propositions to life. We've found this collaborative approach has accelerated the development of some incredible products and we're proud of what all of the 2017 cohort have achieved."
"We are now really excited about this year's cohort and can't wait to get started."
Visit https://lab.mdr.london/ for more information about MDR LAB.
The Lawyer (subscription only)