Yesterday, Barclays launched a new law-tech incubator in partnership with the Law Society. The venture is backed by major law firms, including Capital Law, as well as leading universities UCL and The University of Liverpool.
Together, we aim to turbo-charge the UK’s law-tech sector, 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.
The law-tech Eagle Lab will open soon in Notting Hill, London, and create a centre of excellence. It will provide co-working space and support for up to 100 individuals, with events and meet-up space expected to be confirmed soon.
We are excited to be partnering with Barclays on this initiative and supporting fledgling law-tech start-ups in the new Eagle Lab. Technology is transforming the delivery of legal services and this collaboration is a great opportunity for us to guide new players in the market on the key challenges they might face and help them build sustainable businesses. We look forward to embarking on this journey with Barclays and the wider legal community.
Nick Pester, our InsurTech expert, says, “The structure and delivery of financial and professional services is going through a period of unprecedented change, influenced by the proliferation of new technologies. The legal profession is no different to any other in that respect, so we look forward to working alongside Barclays Eagle Labs as they look to lead the innovation drive in that sector.”
Top law firms and Russell Group universities have thrown support behind a brand new lawtech incubator, which has been launched by Barclays and the Law Society. Backing the new ‘Eagle Lab’ incubator are magic circle titans Allen & Overy and Clifford Chance, as well as: Baker McKenzie, Brethertons, Capital Law, Clyde & Co, DWF, Gowling WLG, Latham & Watkins, Norton Rose Fulbright, PWC, Simmons & Simmons, SO Legal and TLT. Eagle Lab is set to open in Notting Hill, London, and will provide working space for up to 100 people.