Source: LegalFutures
By Nick Hilborne
Nearly 1,200 legaltech patent applications were filed around the world last year but only one by a company based in the UK, researchers have found.
Chinese companies filed nearly two thirds (64%) of the 1,184 applications, followed by those in the USA (15%) and South Korea (10%).
Applications were most likely to relate to automatic document generation (145) and contract review (112).
Third place was shared by blockchain and artificial intelligence (AI), both with 50 applications. They were followed by legal research (38), smart contracts (32) and neural networks (30). Seven of the patents related to e-discovery and two to mediation.
Researchers from Thomson Reuters, who studied data from the World Intellectual Property Organisation for…
Read full article: https://www.legalfutures.co.uk/latest-news/only-one-of-1200-global-legaltech-patent-applications-filed-in-uk
