Government backs University of Oxford legal tech research
A study by the University of Oxford will analyse the career trajectories and typical skillsets of start-up founders and law firm innovation leaders, with the Government contributing £213,000 to fund the study. The research will also assess the role of funders and buyers in the market, with such information crucial to start-ups chasing scale. Meanwhile, Allen & Overy, Clifford Chance and Linklaters have joined forces with Latham & Watkins to develop general-purpose legal mark-up language (GLML) technology, which the consortium claims allows for faster and more efficient data analysis. The group hopes the project will help solve inefficiencies in financial market transactions.