Shaping the Future of Law - a cross sector report
Shaping the Future of Law is a cross industry report on how the legal sector can deliver for business and society, with 7 priorities to accelerate its transformation over the next 5 years.
Investment in lawtech R&D
Growth of new markets
Improved collection and availability of data, towards ‘open legal’
Greater connectivity across the sector
Increasing technology awareness and capability
Policy and regulation that supports innovation
Sustainable growth anchored in the purpose of law
“The law is critical in all our lives and businesses and it should be easy to engage with and affordable and effective for everyone. Lawtech is how we make that happen.
The sector is seeing incredible growth - with lawtech startups and scaleups growing at 101% over the last three years, and adoption levels increasing during Covid-19 across our courts, legal businesses and in-house legal teams. Building on this growth, working collaboratively across the sector, we can realise the full strategic opportunity of lawtech on an accelerated timeline, and deliver results no one organisation could achieve alone - for the benefit of regular people, businesses, the UK economy and the wider global ecosystem.
The £22bn in annual economic contribution of lawtech evidenced in this report only scratches the surface of the true impact we can have through digital transformation in law.”
Jenifer Swallow, LawtechUK Director