Techcelerate for Law program provides up to 70% cost of adopting advanced technology solutions
Today, the Singapore Ministry of Law (MinLaw), the Law Society of Singapore (LawSoc), Enterprise Singapore and the Singapore Infocomm Media Development Authority (IMDA) announced the launch of a new $3.68m scheme to help Singapore Law Practices adopt the technology.
Under the new Techcelerate for Law programme, Singapore Law Practices can get funding support of up to 70% of the first-year cost of adopting baseline and advanced technology solutions:
- Baseline technology solutions for practice management, online legal research and document management can help the law practices perform their essential day-to-day tasks more efficiently.
- Advanced technology solutions which are powered by artificial intelligence can help the law practices strengthen capabilities in document assembly, document review, eDiscovery and client engagement.
Each law practice can receive funding of up to $30,000 for baseline solutions and up to $100,000 for advanced solutions. More information on these solutions can be found at Annex A.
In a study by LawSoc and MinLaw, 85% of lawyers surveyed agreed that legal technology was crucial to the development of the profession and 72% felt that there was a need to increase the level of technology adoption in their firms.
The technology solutions under Tech-celerate for Law have been evaluated and pre-approved by IMDA under the “SMEs Go Digital” programme, in consultation with MinLaw, LawSoc and Enterprise Singapore. Interested Singapore Law Practices can apply for funding support to use up to seven of these solutions (i.e. one from each type of solution) depending on their needs. [Read More]
Three Practice Management Systems (CoreMatter; Clio; Tessaract.io)
These practice management systems help law practices streamline their work processes such as cases and client record management, timekeeping and billing, and calendaring.
Three Document Management Systems (i.e. Dropbox Business; TessaCloud; NetDocuments)
These document management systems help law firms to store, organise and manage legal documents in a manner that can be accessed and retrieved easily, and shared with the intended parties.
Three Online Legal Research Systems (i.e. INTELLLEX; Westlaw Asia; Lexis Advance)
These online legal research systems help law practices access an integrated database of cases, commentaries, and regulatory materials across jurisdictions on one platform, and organise the information into a personal knowledge library for easy retrieval. These systems also provide a systematic way of recording past research materials for knowledge management.
Document Assembly Software (i.e. Hotdocs-Lawcloud; Contract Express)
Document assembly software allows Singapore Law Practices to transform their frequently used documents and forms into templates for quick production of customised documentation. Automating the production of documents reduces risk, and enhances compliance and operational efficiency. Singapore Law Practices can better control the content and reduce the amount of time taken to produce documents.
Document Review Software (i.e. Litera Microsystems – Contract Companion; DocXtools Companion; Clause Companion)
The document review software can help Singapore Law Practices obtain insights when reviewing documents through discovering anomalous areas within documents, and identifying areas of risk within the context of the document set.
eDiscovery Software (i.e. Relativity; CaseRoom; LegalComet eDiscovery Cloud)
eDiscovery software delivers a visual approach to document review and predictive coding that help lawyers to quickly appreciate the case in hand. Such software has features such as expert case set up, administration, workflow design, and seamless online delivery. Features such as visual analytics, concept clustering, and advanced predictive coding can help Singapore Law Practices find facts fast and accelerate case strategy development.
Automated Client Engagement Solution (i.e TessaSays)
The AI-powered automated client engagement solution can enhance clients’ experiences, elevate lawyers’ engagement and optimize workflows.
Singapore Techcelerate for Law Funding Program Launched For Law Practices