About Chambers Lawtech

This is our first report on the rapidly-moving legal technology sector, and is a snapshot of the leading technology developers and vendors, as well as the foremost Incubators & Accelerators and LawTech Consultants.

Explore the guide and our legal rankings using the menus above, or through the PDF version of the guide which is available on this page, to find out more about each of our nine research categories and the leading providers identified and ranked in them.

Chambers LawTech Launch Webinar

Watch the guide launch webinar and discover key findings from this year's research and learn what is new in this edition of the guide with an overview from the Chambers LawTech Team

Coverage

Our in-depth research runs from January to April

LawTech 2021

65

Law Firm
rankings

3

Core areas of Research:
• LawTech Vendors
• LawTech Consultants
• Incubators & Accelerators

Vendors: Transaction Management
(Contract Analysis)

• Using technologies – such as AI and machine learning tools – to automate the processing and interpretation of contractual documents in the legal market and beyond

• Assist in due diligence and risk reporting and in repapering exercises

• Allows for a more data-driven approach to contracts held across a whole business

Vendors: Transaction Management
(Document Automation)

• Automated document drafting using smart templating and real-time collaboration

• Some providers position their platforms as being suited to involvement from the inception of a transaction

• Modern interfaces allow for ‘no-code’ automation

Vendors: Transaction Management
(Process Management)

• Growing community of providers of workflow tools

• Often providers’ client bases span multiple sectors, not just legal

• Additional benefits from interoperability and access to more detailed telemetry about efficiencies gained from technology application

Vendors: Practice Management

• Tools aimed to provide a whole-practice overview and management suite

• Many tools integrate with other platforms, allowing practice leads to choose which products to use for which use legal cases and matters

• Cloud storage allows for more effective remote and real-time collaboration

Vendors: Compliance & Regtech

• Wide variety of use cases, including in pre-employment checks, AML and remote identity-checking

• Some tools allow for real-time email and message monitoring to automatically flag up potential fraud

• Allows law firms and companies to mitigate increased data privacy burdens imposed by GDPR and other regulatory regimes

Vendors: Consumer Services

• Aim to lower public barriers to participation in legal systems

• Some focus on small business owners without easy access to specialist expertise

Vendors: Litigation & Dispute Resolution

• Variety of services that improve efficiency and accuracy in document sourcing and presentation, as well as in case management and collaboration for the legal sector and wider sectors

• Many of the platforms featured have played a central role in keeping courts operational during the pandemic

• Includes big data analytics services that help in giving prospects of case success given certain variables

Incubators & Accelerators

• Provide spaces for collaboration, knowledge-sharing and expert mentoring

• Increased opportunities for technology adoption, whether through affiliated firm or further afield

•Some focused on start-up and concept stages of development, others more active at the scale-up stage

LawTech Consultants

• Broad distinction between technical and strategic consultants

• Technical consultants assist in implementation and integration of chosen technologies

•Strategic consultants help firms understand what their desired future-state is, and work with them to decide which technological paths are best suited to achieving it

Chambers LawTech Research

The Chambers LawTech researchers conducted in-depth interviews with senior market figures, both practitioners and purchasers of LawTech services - worldwide.