UK-Singapore Digital Deal Includes A World First On Lawtech

Lawtech

Digital Economy Agreement (DEA) includes specific commitments on technology in legal services (lawtech)

The signing of a digital economy agreement (DEA) between the UK and Singapore has been welcomed by the Law Society of England and Wales.

The DEA – which is the first of its kind to include specific commitments on technology in legal services (lawtech) – will help ensure that UK businesses have access to Singapore’s growing digital economy,” said Law Society president I. Stephanie Boyce.

  • The UK-Singapore DEA paves the way for future agreements with its focus on technology and legal services.
  • Singapore is a world leader in lawtech, alongside the UK. Collaboration and cooperation, as well as increased opportunity for innovation, will provide great benefits to both our legal professions as they grow in this area.
  • According to Law Society research, the global lawtech market is growing rapidly and is valued at $15.9bn. The adoption of new technologies could increase productivity growth in the legal sector from 1.3% per year to 2.7% per year.

Read the UK-Singapore DEA agreement

Source: The Law Society

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