Enhancing real estate with cutting-edge PropTech solutions
In the dynamic world of real estate, technology is a pivotal force reshaping every facet of the industry. Our real estate lawyers understands the imperative for legal services to be delivered with utmost efficiency and effectiveness. At the heart of this transformation are PropTech companies, which are revolutionising the way we conduct business, communicate, and present critical information. It enables us to foster enhanced collaboration, offer greater flexibility, and deliver superior service to our clients swiftly, impacting both commercial real estate and residential property sectors.
Innovative PropTech tools for streamlined legal services
Our dedicated technology team is at the forefront of creating a suite of bespoke PropTech tools designed to expedite our lawyers' workflow. We leverage data manipulation tools that seamlessly integrate data from public sources such as the Land Registry, Companies House, and HMRC, streamlining the start and completion of real estate transactions.
Our application of machine learning empowers our lawyers to refine asset management for our clients, including the automated extraction and integration of essential lease and management data into property management systems. This positions us as a key player in the real estate markets, where technology is increasingly critical for real estate companies looking to maintain a competitive edge.
We have developed secure datasite platforms equipped with project management capabilities, enabling the efficient exchange of information and documents between our team and our clients. This innovation reduces the time our lawyers spend on traditionally time-consuming tasks, allowing them to focus on strategic work that delivers added value. Our clients benefit from time and cost savings and the ability to make informed decisions in real-time using intelligent data analysis.
Pioneering digital real estate transactions
Our collaboration with MDRx, our digital consultancy, has led to ground-breaking Proptech solutions for clients, including a partnership with HM Land Registry on the Digital Street project and a distributed ledger technology prototype for digital property transfers. This milestone underscores our commitment to digital innovation in the real estate sector and the development of smart cities.
MDR Lab: Incubating legal tech start-ups
MDR Lab, our incubator programme for legal tech start-ups which launched in 2017, has been a testament to our dedication to nurturing innovation. MDR Lab has supported start-ups such as Orbital Witness, which offers bespoke satellite imagery for real estate lawyers, and Thirdfort, a platform for remote client onboarding.
Mishcon is a shareholder in Kato, a Proptech start-up that originated from MDR Lab, now revolutionising the leasing process for agents and landlords. Kato's platform has gained significant traction with leading London landlords and has successfully secured a £3.5 million seed funding round from venture capital funds.
Leveraging legal AI for enhanced efficiency
In partnership with Kira Systems, a leader in legal artificial intelligence, we also utilise our in-house GPT4 powered tool, deReyAI, to improve the accuracy and efficiency of document review across all real estate practice areas. Our contributions have also helped refine Kira's machine learning models for real estate transactions, further enhancing the value of real estate assets through technology
Mishcon maps and MDRx: Digital transformation in action
Our in-house IT team has created Mishcon Maps, an interactive tool that renders client portfolios and our internal data searchable on a map, enhancing the accessibility and management of information.
MDRx, our dedicated digital transformation business, also works closely with a wide range of clients to design, engineer and integrate impactful and compliant PropTech systems within their organisations, contributing to the evolution of smart cities and the broader real estate industry.