Singapore to partially fund law firms' legaltech adoption costs

legaltech

The new program repays up to 70% of the costs to adopt legaltech services

Singapore is willing to partially pay for costs to get law firms to start using legal technology in their practices.

The Ministry of Law, Law Society of Singapore, Enterprise Singapore, and Infocomm Media Development Authority have launched a new program called “Tech-celerate for Law,” which will reimburse some costs paid by Singapore law practices for technology services.

With a budget of S$3.68m, or about $3.9m, the scheme repays up to 70% of the first-year costs of adopting both basic and advanced legal technology services. The group defined “baseline” services as practice management, online legal research, and document management technologies. Advanced services are those powered by AI that can help in document assembly and review, eDiscovery, and client management. [read more]

Source: Sol Dolor | Australasian Lawyer