IE Law School, Ontier and Law School's Global League organize second annual Global Legaltech Venture Days

IE Law School, Ontier and Law School's Global League (LGSL), have announced the second annual Global Legaltech Venture Days, a global competition of legaltech startups focused on developing technological solutions to help law firms and the industry and thus improve access to justice.

More than 60 legaltech startups from over 10 countries participated In the three Global Legaltech Venture Days regionals that took place in Singapore, Mexico and Chicago during 2018. Among them, three startups were selected to compete in the final celebrated in Madrid. Lucius Report was the winner of final Global Legaltech Venture Day, a startup makes compliance easy by focusing on generating due diligence reports, combining algorithms and the legal expertise of qualified lawyers to deliver a comprehensive, relevant and easy to grasp report.

In this second edition, Ontier, IE Law School and LSGL will tour eight countries. The first Legaltech  Venture Day will take place in  Turín (Italy) on July 22nd, coinciding with the Annual Conference of the LSGL (which will be held at UNITO Law) and the global competition will conclude with the final at IE Law School in Madrid in the spring of 2020.

The second regional competition will be held in Sao Paulo at the Fundación Getulio Vargas on September 26 and the third in London at King´s College on October 12.

Next year, in 2020 the competitions will take place in Cape Town in partnership with the University of Cape Town on February 20, and on February 10 there will be a major event at one of the most important legaltech hubs in the world, Australia, at the UNSW Law Sydney at the Annual Meeting of the LSGL.

On March 4, the legaltech tour will continue at the University of Tilburg (Netherlands) and Jindal Global University will host the startup competition at its campus in New Delhi, India on March 19.

"Digital transformation of the legal industry is expanding globally at such speed that it is becoming increasingly attractive for investors and/or global platforms seeking to compete in domestic markets through the acquisition of startups", says Javier de Cendra

“Legaltech entrepreneurship is acquiring a global dimension, in which entrepreneurs quickly aim to connect with global movements or networks, such as Legal Geeks, Legal Hackers (collaborators of the Global Legaltech Venture Day) or World Justice Project, and seek worldwide exposure in specialized media to attract potential investors and customers. On the one hand, this is possible because most of the problems that these companies seek to solve with their products are similar in many jurisdictions, and therefore it is feasible to find inspiration, talent, and even investors in other countries.  Furthermore, digital transformation of the legal industry is expanding globally at such speed that it is becoming increasingly attractive for investors and/or global platforms seeking to compete in domestic markets through the acquisition of startups” , says  Javier de Cendra, Dean of IE Law School.

The event celebrated in each region aims to strengthen the entrepreneurial and legaltech ecosystem in that given region by connecting the best Startups with investors, institutions, corporations, accelerators and thought leaders in the sector.

During each of the events, five previously selected startups will present their project to a jury that will name a winning startup. The winners of each regional Venture Day will travel to Madrid, all expenses paid, to the final event hosted by IE Law School and Ontier in spring 2020. In this final event, all regional winners will present their projects and face a final jury composed by investors, academics and representatives of the legal industry.

During their stay in Madrid, the seven winners will have the opportunity to share their projects and undergo an immersive experience where they will learn how to develop technological solutions, create new business opportunities and develop a global network of contacts in the sector.

Each winner will have access to a wide network of contacts and investment opportunities to help the growth of their new businesses and benefit from the global network of the Global League of Law Schools, IE Law, South Summit and associated institutions.

For more information: https://static-frm.ie.edu/law-school/legaltech-venture-days/