Legaltech Innovation Farm Automatization, analysis and smart technologies to digitize and optimize the practice of law.
Technology has become an increasingly disruptive force with the power to transform products, services, business models, processes, people and society. In this new paradigm, many companies and law firms have yet to capture the value of technology-based innovation.
The IE Innovation Farms are a response to the challenges brought about by digitalization and offers an opportunity to harness the power of technology. The Legaltech Innovation Farm, created with the IE Human Sciences and Technology Innovation Farms, are open, tech-neutral ecosystems created to cultivate early-stage innovation and experimentation. We work with legal and corporate leaders to transform their business ideas into tech deliverables – prototype apps, algorithms, bots, software, business models – sourcing through our network of partnerships, expert talent and technology platforms required to make it happen.
We are a new model for innovation, in a new economy that demands it.
Innovation Labs seek to provide guidance to companies that participate for the development and launching of their innovation projects. Companies will be able to understand their main weaknesses, visualize various paths that lead to innovation and the technology available to get there. This will be done through a series of seminars about relevant topics for the sector.
Typically, each Innovation Lab lasts between three and four months and the results include algorithms, bots, digital business models, processes to automate, applications, analytics tools, and more solutions. The Innovation Labs can be carried out in an individual manner, by each company, or in a collaborative manner. The payment of each company depends upon the complexity and scope of each lab.
IE LAW SCHOOL LEGALTECH INNOVATION FARM
The IE Law School Legaltech Innovation Farm is focused on innovation in the legal sector and the processes within, based on the most sophisticated technology. The Legaltech Innovation Farms seeks to address topics such as apps, law bots, the automation of judicial processes and predictive analysis (for conflict resolution, for example), and other technological solutions that allow legal professionals to do their work more efficiently and to create value by doing things differently.
The members of the Farm are professionals and lawyers from the best companies and most prestigious law firms. Members and their teams will have access to four seminars and a global legaltech conference every year, and will be able to lead the Innovation Labs that are taking place in the Legaltech Innovation Farm.