UK legal tech innovation brings lessons to Canada, but key differences: Bennett Jones’ Kate Simpson

Considering the innovation coming out of downtown Toronto, not to mention everything happening in British Columbia, Alberta and Quebec, Canada’s legal tech market has a lot to show for itself, Simpson said. say.

A factor that makes it difficult to compare the two jurisdictions, she says, is the UK’s highly sophisticated public relations industry. Deregulation of the legal services market has created listed law firms. A more mature alternative legal service provider market. and a more sophisticated global corporate sector.

The UK Parliament passed the Legal Services Act in 2008. The law made it possible for law firms to raise capital on the stock market and form alternative business structures with non-lawyers in leadership roles. Simpson said whether listings on the stock exchange changed the fortunes of companies, allowing them to reinvest profits in their own companies and set up research and development departments is a theme that will be considered at legal innovation events. said it would be

The UK’s sophisticated media market and PR professionals may have effectively created a perception that the UK is making a big difference in legal technology, and it could also provide a ‘feedback’ that drives technology adoption within the company. It can also create loops,” she says. Effective PR can generate more conversation and curiosity, leading lawyers to actively adopt technology and pressure clients to do so.

Simpson said London is a global hub for business, with a “very sophisticated” corporate sector where he can spend a lot of money. These large corporate divisions may be “much more demanding” for law firms to find new ways to do things more efficiently.

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