Tag: legaltech

Tech Adoption, Cybersecurity, and Professional Services Firms: 2020 Mid-Year Review

“To be prepared is half the victory” –Miguel de Cervantes. McKinsey published a report in May 2020: the competitive rankings of law firms often reshuffle after an economic downturn. How firms fare depends on their preparedness to cope with the changing market and their ability to help clients move forward. FortNynja E-Fintech School hosted a web

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Hong Kong pegs US$58 million to rule of law project: An investment in the future of law?

As I heard the news about the new government budget pegged to the “Vision 2030 for Rule of Law” project, three questions floated in my mind: What does the rule of law of mean in this project? What does the rule of law look like in contemporary Hong Kong?  What are the implications on the

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Listening to In-house Legal’s Voices: A Quick Primer

Understand your end clients, deeply. Discovering the client’s pain points, needs, and wants is the only way to develop the best products and services. That’s the mantra we hear all the time exalted by those reading from the books of agile practice and lean methodology. In the legal sector, success in listening to in-house counsel

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Hong Kong LegalTech Outlook 2020

“Not yet” is still the short answer. Private sector adoption by law firms in Hong Kong has been growing pretty well, and the buyers’ market reflects comparably to leading international trends in the U.S. and Europe. So, what would it take for Hong Kong’s legaltech moment to truly arrive? The Fundamentals Hong Kong should be

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Launching the Law Society’s InnoTech Law Hub

As I reported in August in Hong Kong Lawyer, the Law Society of Hong Kong has officially launched its practice innovation program earlier this year, the InnoTech Law Hub (“ILH”). The report notes: As the Law Society’s program for legal practice innovation, the ILH aims to find technology-based solutions relevant to the [Law Society Technology]

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RegTech and compliance automation

The annual RegTech market globally is US$ 120 billion, and it’s more than financial services! The emergent RegTech industry provides plenty of lessons on legal and compliance innovation and positive impact on adjacent markets such as  the LegalTech and GovTech markets. Wider industry acceptance is driven by the increasing affordability of advance technologies and better

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