Slaughter and May announces today that Juralio has taken first place at Demo Day, the conclusion of the second iteration of Collaborate, the firm’s legal tech programme. Juralio enables lawyers and clients to map legal work collaboratively so as to plan, execute, control and report more effectively, helping to deliver better value for clients and better margins for lawyers.
This year’s Demo Day took place this morning and was a live, virtual showcase event in which Juralio was awarded a further development opportunity with the firm.
Across the 16 week programme, cohort members have worked with two dedicated Slaughter and May mentors; a member of the firm’s Knowledge and Innovation Team and a practising lawyer from a relevant legal group.
Mentors worked with each cohort member to design and complete bespoke programmes for each cohort member. Programme highlights included Cohort Day in September, which involved presentations from Crowdcube, Luminance and Vodafone, as well as a series of firmwide demonstrations in preparation for today’s Demo Day event.
Demo Day presented the second Collaborate cohort to a broad virtual audience including clients, tech suppliers and the firm’s employees. Each of the seven companies in the second cohort presented their 'elevator pitch', and the audience then selected Novastone, thedocyard and Juralio to progress to the final round.
The three finalists were then asked to answer one of three tech and business focused questions by the judging panel, which consisted of members of the programme’s Client and Advisory Panels. The panel featured Andrea Ruggieri, Vice President of Digital and Privacy Legal, GlaxoSmithKline ; Shaun Sharkey, Equity Fundraising Manager at Crowdcube; Pierre Zickert, Manager Legal Technology at Hengeler Mueller; Alex Woods, Director of Knowledge and Innovation at Slaughter and May and Chris Browne, Chief Information Officer at Slaughter and May.
After a series of engaging presentations, the panel ultimately decided that Juralio should be the overall winner. Juralio won both the audience vote in round one, as well as being most popular with the judging panel in round two. The tool was praised particularly by in-house representatives, who recognise the utility of Juralio, due to its various integrations to accelerate matter management.
Chris McGaffin, partner at Slaughter and May said:
“The quality of our cohort this year was brilliant, and this was exemplified in all seven pitches, which were well thought out and impressive. The event was a superb end to the programme. Congratulations to Juralio - the competition was tough, but their product and pitch was compelling.”
Graeme Johnston, CEO, Juralio said:
"We're thrilled to have won but, more importantly, we've learned so much from this programme and met some great people - at Slaughter and May, at cohort companies and at the other organisations involved. One thing we've particularly appreciated is engaging with people with all sorts of different roles and perspectives across the firm. And the whole thing's been really well and thoughtfully organised. We're really looking forward to the next stage. I would sincerely recommend this programme to other early stage tech companies."
Jane Stewart, Head of Knowledge and Innovation at Slaughter and May said:
“Supporting the legal tech start-up community is incredibly important to the firm. We’ve worked alongside seven fantastic businesses who are all implementing real change in their field and we are looking forward to seeing where they go next.
“We are very proud of all of our cohort members, and we look forward to continuing to work with Juralio over the coming months, and emerging talent in the legal tech community more broadly.”
Slaughter and May Collaborate, our legal tech programme, offers the opportunity to collaborate with the brightest minds in this space – helping to develop, test and expand legal tech products.
Launching in 2019, we welcomed our first cohort of businesses, with the first programme concluding in July 2019.
The six other cohort members competing for the co-development opportunity in Cohort two:
- Della AI - Della accelerates contract review. Users ask their own questions in their own words to analyse the points that matter to them. Della is used in due diligence and internal audits as well as day-to-day analysis of contracts, leases and other legal documents.
- thedocyard - thedocyard is a deal management and transactional workflow platform which digitises and automates deals by standardising repeatable processes, providing real time status updates, providing virtual data rooms and allowing collaboration between parties.
- Immediation - Immediation is a confidential online dispute resolution platform, providing advanced hearing and mediation technology to courts, and an alternative fixed-fee, easy, secure and highly efficient method of resolving disputes outside court.
- Lexical Labs - The Lexical Labs system is designed to review documents, identify problems or negotiation points and provide solutions, by combining advanced technology and embedded expertise.
- Novastone - Novastone is a secure instant messaging platform integrated with public IM such as WhatsApp and WeChat. It is designed for firms to deliver a personalised client experience through relationship teams.
- Office & Dragons - Office & Dragons is a document automation startup on a mission to make documenting transactions simple, reliable and fast. It empowers lawyers to transform documents from a mess of static text into dynamic representations of data.