Barclays today launched a new law-tech incubator and we are pleased to be one of the law firms/businesses that is partnering with them.
A dedicated law-tech Eagle Lab will open in Notting Hill, London, and create a centre of excellence that will include co-working space and support for up to 100 individuals, along with events and meet-up space.
Together, we want to boost the UK’s law-tech sector by helping companies start-up and scale up, and become international leaders in their field – matching the UK’s reputation as a leader in the legal services sector.
As a partnering law firm, we will have access to the law-tech businesses and their innovations and will actively provide feedback and guidance to help them to develop, test and refine their products.
Ashok Vaswani, Chief Executive of Barclays UK, said: “Law-tech is an area where the UK has every reason to be a world leader. It is home to some of the greatest law firms in the world and we want to help build on the success of its legal sector, and play a leading role in transforming law-tech in the future. The impressive range of partners supporting this initiative shows just how important this is.
“Our Eagle Labs are supporting thriving new businesses up and down the country, and our Notting Hill lab will lead the way as an industry centre of excellence for law-tech.”
Sue McLean, IT/Com Partner at Baker McKenzie, said: "We're very excited to be partnering with Barclays on this new law-tech initiative. Technology and innovation is right at the top of our agenda and this collaboration is a great opportunity for us to guide law-tech start-ups on the key challenges the legal sector faces and help them build sustainable businesses."
The law-tech Eagle Lab is the latest in a growing network of 15 Labs set up by Barclays to help start-up and scale up businesses to create, innovate and grow. Eagle Labs originally converted under-utilised bank spaces to create thriving ecosystems at the heart of their community. They have developed into a UK-wide network, partnering with organisations that share Barclays’ vision to empower businesses and communities to drive the UK economy. Many of the Labs have a specific industry focus on technology areas such as artificial intelligence and home automation.