Source: Todays Conveyancer
AI legal tech company Lawhive has acquired Woodstock Legal Services, in the first acquisition of a traditional UK law firm by an AI-native platform. The acquisition will allow Lawhive to target the £25 billion legal market in the UK.
Lawhive’s AI technology utilises an AI ‘colleague’ to work alongside and support lawyers. Known as Lawrence, the AI model is capable of carrying out work at the level of a paralegal or junior lawyer, the company said.
Pierre Proner, CEO and co-founder of Lawhive, said the integrated model of a regulated law firm and tech platform will lead to better outcomes. He added: “We’re demonstrating that technology can support and enhance the best aspects of legal practice while creating communities where lawyers shape how that technology evolves.”
‘I’ve always believed a different kind of legal culture was possible, and with Woodstock, we’ve proven it’, Carly Jermyn, CEO of Woodstock Legal Services said.
“We’ve created a place where lawyers are supported to grow their careers in a way that fits their lives and works for their clients. This partnership is about scaling that vision with the right kind of technology – AI that enhances our skills and values, rather than eroding them.”
Read the full article: https://todaysconveyancer.co.uk/legal-ai-platform-lawhive-acquires-uk-law-firm-sets-sights-conveyancing-sector/
