Law firm launches technology incubator programme for legal startups

A law firm has launched a technology incubator programme for innovative early-stage businesses and growth technology startups that are able to provide products and services for the legal industry.

Mishcon de Reya has launched its MDR LAB with innovation specialists and investors L Marks, and is now accepting applications from businesses with concepts or products and services that are at a revenue-generating stage.

Opportunity

Businesses that are chosen to participate in the incubator programme will have the opportunity to pilot and improve their products and get a better understanding of how new technologies will help to benefit the legal industry.

Mishcon de Reya will also be providing successful applicants with access to the company’s lawyers and business experts to enable them to receive mentoring and advice.

The company is searching for startups that offer products and services for litigation, transactional law and business of law in particular.

There is also a wildcard category, for which Mishcon de Reya is welcoming businesses that are working on innovations that do not fit into the other categories.

Applications for the incubator are open until March, with startups being given the chance to attend a pitch day at Mishcon de Reya’s headquarters in London the following month.

Strategy

Commenting on the MDR LAB, Mishcon de Reya Chief Strategy Officer, Nick West, said: “MDR LAB is part of Mishcon de Reya’s broader technology strategy and is one of a number of R&D projects designed to help us better understand and embrace new technologies.”

He said that across the industry, innovation is taking place, and they want to be at the forefront of it. He added that they are looking forward to getting applications from the disruptors.