The Times has today published a supplement exploring Legal Innovation. In a feature looking at the role that technology can play, Mishcon de Reya's Chief Technology Officer Nick West discusses MDR LAB, the firm's programme for tech start-ups in the legal space:
One firm that is forging ahead on the technological innovation front is Mishcon de Reya, which in 2017 launched an incubator programme, MDR LAB, designed both to create partnerships with legal tech companies and raise awareness of their potential among the firm’s staff. This programme contributed to its winning the award for the Best Use of Technology at last year’s British Legal Awards.
Mishcon recently invested in two of the six firms that were part of MDR LAB, Everchron, a litigation management software outfit, and Ping, whose product automates timekeeping for lawyers.
Nick West, Mishcon’s chief technology officer, says: “We’re not a venture capital firm; we’re not investing money for the sake of it, but by investing we not only stand the chance of financial upside, but we get to be more influential about how the companies develop over the next year or two.”
Click here to read the article, or here to read the full supplement.