A legal technology start-up which was feted as one of the industry’s most promising players after raising tens of millions of pounds from blue-chip investors is on the brink of selling the bulk of its operations to a rival.
Robin AI, which was forced to lay off a big chunk of its workforce during the autumn after a new funding round failed to materialise, is selling its managed services division to Scissero, a UK-based peer.
Its combination with Scissero will take the latter’s client base to more than 100 companies and enable it to compete more directly with legal AI companies such as US-based Harvey and Sweden’s Legora.
Mathias Strasser, Scissero chief executive, said: “The AI-enabled legal services market is entering a period of meaningful consolidation, and the UK is exceptionally well-placed to lead the next wave of innovation in AI and legal technology.”
Richard Robinson, Robin AI chief executive, said: “Scissero’s global capabilities, regulated legal services offering, and market-leading technology platform mean our clients will now benefit from a broader set of solutions while continuing to receive the high-quality service and fast turnaround times they rely on.”
Read full article: https://news.sky.com/story/stricken-legal-start-up-robin-ai-swooped-on-by-rival-13481339
