This law company just partnered with Seedrs to help legaltech startups

The Law Society has partnered with Seedrs to connect its members with innovative legaltech startups looking for investment.

The representative body is encouraging law firms to adopt tech solutions, and set out its vision for a more integrated legal tech ecosystem at this year’s Legal Geek conference.

Named the most active investor into UK private companies by leading research company Beauhurst, Seedrs has completed over 530 deals with over £270m invested into campaigns on the platform.

Karen Kerrigan, chief legal officer at Seedrs: “As a Law Society member myself, I’m excited by the enormous value that this partnership can deliver to the legal sector.

“The Law Society has recognised the unrealised potential of greater digitisation and automation for the legal industry. While legaltech is still in its infancy, a host of startups are already changing the way legal services are delivered…

“We are excited to invite innovative startups to pitch for capital from a new and savvy audience of legal professionals on the Seedrs platform, and in turn give those investors the chance to play a role in the future of the thriving legaltech scene by using an efficient investment platform.”

The Law Society’s portfolio companies span a diverse range of sectors from fintech to e-commerce. As well as providing financial backing for entrepreneurs, investors on Seedrs can give support and mentorship to portfolio companies, frequently becoming valuable customers in their own right.

With the UK legal services market worth in excess of £26bn a year, there is a great opportunity for innovative startups to boost the legal industry, providing a range of complementary services to help the incumbents improve their existing service.

According to a report by Legal Geek, the UK’s largest legaltech community, 46 per cent of legaltech startups are innovating to help law firms become more efficient and win new customers.

Christina Blacklaws, vice president of the Law Society, added: “Harnessing technology effectively can have a significant impact on how solicitors operate and engage with their clients.

“This partnership will help us bring solicitors and entrepreneurs together to support innovations which will benefit our members and their clients. We are excited about the opportunities this will create for our members as they develop and grow their businesses.”