Mishcon de Reya has signed a commercial agreement with US-based legaltech start-up DraftWise, following their recent participation in MDR Lab's Improve programme.
DraftWise was founded by two ex-Palantir engineers, James Ding and Emre Ozen, and former Clifford Chance lawyer Ozan Yalti in 2020. Today, the company works with law firms across the US, UK and Australia and has employees in the US and Europe.
DraftWise helps transactional attorneys use their firm's best language to draft, review, and negotiate complex agreements directly inside of Microsoft Word. The platform integrates a firm's DMS and internal knowledge resources into a powerful distribution channel for knowledge managers while providing editing, proofreading, and collaboration features for fee earners to easily find and use high-quality precedents and clauses.
“We have loved working with DraftWise since they joined the Lab late last year. The business case was clear early on. Our lawyers loved using DraftWise to access relevant knowledge when drafting documents, removing the need to search other repositories. What we didn’t anticipate was how useful DraftWise would be for the PSL/Knowledge community in terms of knowledge sharing and collaboration. We are excited to work with the DraftWise team and product across a number of elements from our Firm’s knowledge strategy” (Dan Sinclair, Head of MDR Lab)
DraftWise graduated from Y Combinator in September 2020 before joining MDR Lab's Improve programme in December 2020. During the 12-week Improve Programme, DraftWise worked alongside lawyers across multiple departments and teams to test their product, gather feedback and further develop the platform. Mishcon de Reya will now start rolling-out DraftWise across its non-contentious teams, whilst continuing to explore other use cases in their dispute practices.
"We're absolutely thrilled about entering into a long-term relationship with Mischon de Reya. They have a vision for putting their most valuable knowledge resources at the fingertips of every attorney, and we're excited to deploy our platform to help them achieve that vision." (James Ding, Co-founder and CEO of DraftWise)
Mishcon de Reya and MDR Lab are excited to be a part of DraftWise's journey while they continue to scale their business.
The application window for the MDR Lab winter Improve Programme will open in July.
The Improve Programme runs for 12 weeks and during that time, participants will get the opportunity to work within their target market, to pilot and improve products, gain a better understanding of how legal services are provided and understand where lawyers and their clients, would benefit from new technology. Learn more about the programme here.
Legal IT Insider