Seven LegalTech Startups to Join Allens Accelerator
Late last year, Allens identified a need to build on their legal tech work by joining forces with startups in the legal tech space. Auctus - Allens Legal Accelerator was launched to offer innovators and entrepreneurs from Australia and around the world the opportunity to develop their ideas and solve real business challenges with the backing of Allens' expertise and support. Allens identified two problem statements and enlisted the support of Collective Campus to scout high-quality startups.
Legal contracts are static, highly manual to create and manage, and difficult to analyse at scale. This creates difficulties for law firms and clients alike in both managing existing contracts effectively and making sure their legal agreements are the best they can be, for all parties and stakeholders. We’re interested in solutions that can help us enhance contract management, reduce manual work and decrease time spent creating contracts.
There is increasing demand among businesses for detailed advice on risk exposure and compliance response. However, there are significant technical and operational barriers to identifying, assessing and prioritising risks, and setting and simplifying compliance controls, as part of a risk management framework. Similarly, businesses find it difficult to both operationalise and culturally embed these practices and mindsets. We’re interested in solutions that can help us support our clients in understanding their risk and compliance issues and embedding processes for ongoing management.
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