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Innovation

Innovation at Linklaters means doing things differently – unleashing our imagination to challenge the present and shape the future.

What does this mean for our clients? Put simply, it means working to constantly improve the services we offer, whether by creating new innovative solutions or by driving efficiency in everything we do, which in turn drives an innovative culture across the firm globally.

At Linklaters we expect all our people to have an innovative mindset. This permeates:

  • Our legal work - in how we devise innovative solutions to legal problems
  • How we serve our clients - providing excellence and efficiency in how we deliver our mandates
  • How we run our business.

Linklaters wins twice at the FT European Innovative Lawyers Awards Europe 2018

We are delighted to have been recognised for its contribution to innovation at last night’s FT European Innovative Lawyers Awards 2018. 

Find out more.

The Singapore Academy of Law’s Future Law Innovation Programme

We are the first Magic Circle law firm to become a fully-fledged member of the Singapore Academy of Law’s Future Law Innovation Programme (FLIP). The membership reiterates the firm’s commitment to innovation in the legal sector.

Find out more.

Blockchain and Smart Contracts

Engaging with clients to develop bespoke automated contract solutions

Smart contracts and distributed ledger technology hold great promise – modernisation, automation, efficiency and significant cost savings. Many clients are evaluating whether and how best to deploy these technologies, seeking to unleash these potential benefits.

Find out more

LawTech

Providing innovative legal technology solutions to match our clients’ individual and evolving business

Linklaters has built a market-leading legal technology capability to support our clients’ individual and evolving business needs. We invest in innovative legal technology, including AI, to better solve complex problems for our clients, whether to ensure efficient and cost-effective delivery of legal services or to help determine the best use of legal technology within their own organisations. We use a dual approach when applying legal AI technologies, using both market-leading solutions and proprietary technology at our disposal. Ultimately, this helps us to continue delivering best-in-class client service.

Find out more

Advanced Matter Delivery

Flexible, cost-effective and integrated solutions to manage and deliver legal work

Advanced Matter Delivery is a commitment to deliver to our clients the most appropriately tailored and cost-effective solutions for the legal work we provide. We do this through the use of a tightly integrated set of efficiency-related services.

Find out more

FinTech

Delivering commercially innovative advice across the fintech spectrum

Financial institutions and disruptive technology companies alike trust Linklaters with their most complex fintech projects. Long before the term “FinTech” was coined, we have been working on many of the most prominent and ground-breaking technological developments in financial markets for many years.

Find out more

Legal Innovation

Ground-breaking advice

We pride ourselves on being at the cutting-edge of law and practice. Our clients come to Linklaters because we are able to undertake and deliver on the most challenging assignments across the globe.

Find out more

Innovation

Innovation at Linklaters means doing things differently – unleashing our imagination to challenge the present and shape the future.

What does this mean for our clients? Put simply, it means working to constantly improve the services we offer, whether by creating new innovative solutions or by driving efficiency in everything we do, which in turn drives an innovative culture across the firm globally.

At Linklaters we expect all our people to have an innovative mindset. This permeates:

  • Our legal work - in how we devise innovative solutions to legal problems
  • How we serve our clients - providing excellence and efficiency in how we deliver our mandates
  • How we run our business.

Linklaters wins twice at the FT European Innovative Lawyers Awards Europe 2018

We are delighted to have been recognised for its contribution to innovation at last night’s FT European Innovative Lawyers Awards 2018. 

Find out more.

The Singapore Academy of Law’s Future Law Innovation Programme

We are the first Magic Circle law firm to become a fully-fledged member of the Singapore Academy of Law’s Future Law Innovation Programme (FLIP). The membership reiterates the firm’s commitment to innovation in the legal sector.

Find out more.

blockchain and smart contracts

Blockchain and Smart Contracts

Engaging with clients to develop bespoke automated contract solutions

Smart contracts and distributed ledger technology hold great promise – modernisation, automation, efficiency and significant cost savings. Many clients are evaluating whether and how best to deploy these technologies, seeking to unleash these potential benefits.

Find out more
LawTech

LawTech

Providing innovative legal technology solutions to match our clients’ individual and evolving business

Linklaters has built a market-leading legal technology capability to support our clients’ individual and evolving business needs. We invest in innovative legal technology, including AI, to better solve complex problems for our clients, whether to ensure efficient and cost-effective delivery of legal services or to help determine the best use of legal technology within their own organisations. We use a dual approach when applying legal AI technologies, using both market-leading solutions and proprietary technology at our disposal. Ultimately, this helps us to continue delivering best-in-class client service.

Find out more
Advanced matter delivery

Advanced Matter Delivery

Flexible, cost-effective and integrated solutions to manage and deliver legal work

Advanced Matter Delivery is a commitment to deliver to our clients the most appropriately tailored and cost-effective solutions for the legal work we provide. We do this through the use of a tightly integrated set of efficiency-related services.

Find out more
Fintech

FinTech

Delivering commercially innovative advice across the fintech spectrum

Financial institutions and disruptive technology companies alike trust Linklaters with their most complex fintech projects. Long before the term “FinTech” was coined, we have been working on many of the most prominent and ground-breaking technological developments in financial markets for many years.

Find out more
Legal innovation

Legal Innovation

Ground-breaking advice

We pride ourselves on being at the cutting-edge of law and practice. Our clients come to Linklaters because we are able to undertake and deliver on the most challenging assignments across the globe.

Find out more

Legal Innovation

Ground-breaking advice

We pride ourselves on being at the cutting-edge of law and practice. Our clients come to Linklaters because we are able to undertake and deliver on the most challenging assignments across the globe. Our lawyers join us because they want the experience of working at the forefront of the law. Creating ground-breaking solutions is therefore part of what our lawyers do on a regular basis, whether through providing first-in-kind solutions on transaction structures, developing innovative financial market products or advising our clients on compliance with new or untested areas of law. 

Linklaters Ground-breaking Deals

How can lawyers be enablers of innovation?

Read our report written in collaboration with Microsoft to understand how lawyers can bring Digital Transformation to an organisation.

LawTech

Providing innovative legal technology solutions to match our clients’ individual and evolving business needs

Linklaters has built a market-leading legal technology capability to support our clients’ individual and evolving business needs. We continue to invest in innovative legal technology, including AI, to better solve complex problems for our clients, whether to ensure efficient and cost-effective delivery of legal services or to help determine the best use of legal technology within their own organisations. We use a dual approach when applying legal AI technologies, using both market-leading solutions and proprietary technology at our disposal. Ultimately, this helps us to continue delivering best-in-class client service.

Solutions

From basic text extraction and ground-breaking AI that can both speed-up and make the end-product of a transaction more consistent, to machine learning capability within eDiscovery platforms that enables us to hone in on a particular item of interest in litigation cases, our dedicated team of client-focused specialists are here to build a tailor-made solution that best meets your needs. 

Technology Assisted Review (TAR)

Challenge

A large scale document review, consisting of over 2.5 million documents was required by the Dispute Resolution team for an Investigations matter. The completion of the review was time sensitive, particularly as the volume of documents to be reviewed unexpectedly escalated during the latter stages of the review.

Solution

Technology Assisted Review (TAR), including Predictive Coding, was identified as an effective method in which to facilitate this review and expedite the process

The data set consisted of over 2.5 million documents and preliminary steps were taken to reduce the review population using specified search terms, date range filters, de-duplication and email threading which left a pool of approximately 30,000 additional, responsive documents.

Predictive coding was leveraged to prioritise the document set for review and 300 documents were manually reviewed in order to “train” the system.
The predictive coding workflow identified a priority document set of c. 8,500.

Additional TAR was used, including applying propagation to duplicates and near duplicates, to further reduce the number of unique documents to be reviewed to c. 3,000 documents.

Results

The use of TAR helped to rapidly and accurately identify the most relevant data and significantly reduce the volume of documents to be reviewed, resulting in substantial cost and time savings for the client.

The review was reduced from 51 days to 12 days, resulting in an estimated time saving to the client of over 75%.

Saving our clients valuable time

Challenge

Reducing the amount of time required to extract the governing law clause from 650 commercial agreements in order to populate an index and leverage the language clustering capability on 6,500 documents to determine the number of different languages present in the data room

Solution

RAVN artificial intelligence platform tailored and taught to identify the governing law provision.  Using 50 examples, the logic was then applied to the remaining documents.

Results

A time savings of 40% using the RAVN platform vs a manual document review

nakhoda

Our flagship technology solution

nakhoda is Linklaters’ flagship technology and AI platform. We recognise that the real potential of legal AI goes beyond data organisation and extraction. Through nakhoda, we deploy the smartest solutions and ideas in the market, from machine learning to automated legal logic, to deliver products that make a real difference for our clients. Guided by a sharp focus on fusing emerging technologies with deep legal expertise, we are building bespoke, transformative legal tech products for our clients and leading the creation of the next generation of legal risk management and decision-making frameworks.

 > Learn more

 > Our partnership with International Swaps and Derivatives Association

nakhoda logo
Ed Chan

Ed Chan talks about how the banking team at Linklaters is using artificial intelligence to streamline repetitive administrative processes.

Advanced Matter Delivery

Flexible, cost-effective and integrated solutions to manage and deliver legal work

Advanced Matter Delivery is a commitment to deliver to our clients the most appropriately tailored and cost-effective solutions for the legal work we provide. We do this through the use of a tightly integrated set of efficiency-related services.

We look to combine the power of legal technology with our experienced alternative resourcing and project management professionals, to enable the most efficient and appropriate matter delivery for our clients. Importantly, not only do we have this focus at the inception of matters, we work more strategically on a continuous improvement basis with our clients to advance the way we deliver our matters. 

1

Legal Project Management

We have a highly advanced, global Legal Project Management (LPM) team, who work as an essential part of the matter teams to provide project management services on the largest and most complex transactions and matters. Our Legal Project Managers are all professionally qualified and have experience in multiple sectors.

Legal Project Managers operate at all stages of the matter lifecycle. From the very start we work to understand the client’s needs in order to optimise the benefits LPM can bring to the matter and, where appropriate, support client teams to deliver their initiatives. Clients benefit from better visibility of matter progress, enhanced resource management, and have improved confidence in the delivery as well as the associated fee projections.

2

Alternative Resourcing

We support our clients to structure the best resourcing model for their matter. This may include embedding our internal Alternative Resourcing team into our matter teams to work alongside our lawyers to deliver high quality work in an efficient and cost-effective way. Alternatively, we may leverage our relationships with LPO providers or other law firms where this is the most suitable option for the client. We are committed to ensuring that the right work is done at the right level through responsible and innovative resourcing of matters.

> Case study

3

Continuous Improvement

Our lawyers continually review existing ways of working in order to improve the client experience and to develop innovative ideas to improve our services. To do this, our Continuous Improvement team analyses a matter to identify what tasks are performed, by whom and how they can be done better. Working with the lawyers, our process improvement experts have developed process maps of common matter types and used these to identify efficiencies for clients, including removing bottlenecks, deploying new tools and techniques and leveraging technology.

Alternative Resourcing

Challenge

Linklaters was assisting a large banking client with the novation of a large number of complex assets.

Solution

Alternative Resourcing team members: 

  • conducted due diligence review on financial documentation
  • worked alongside the legal team to ensure that complex issues were identified and escalated in a timely manner
  • assisted with the finalisation of the due diligence questionnaires
  • prepared draft transfer documentation and final execution copies 
  • prepared and circulated client updates, including costs incurred as against predicted budgets
  • created and managed a virtual and hard copy data rooms

Results

  • Over 22% of work billed to client was completed by our Alternative Resourcing team  
  • Significant cost savings to client in excess of £340k

Blockchain and Smart Contracts

Engaging with clients to develop bespoke automated contract solutions

Smart contracts and distributed ledger technology hold great promise – modernisation, automation, efficiency and significant cost savings. Many clients are evaluating whether and how best to deploy these technologies, seeking to unleash these potential benefits.

We are engaging with and supporting clients to develop bespoke automated contract solutions, including exploring ways of working with technology partners.

Our joint white paper with ISDA sets out what smart contracts and DLT are, how they might be used in a derivatives context, and some of the legal issues that will need to be resolved. 

Download the full paper

blockchain and smart contracts 

Accord Project

Linklaters is a member of the Accord Project, which seeks to bring together a consortium of legal and technology partners to help promote open standards around smart contracts.

 Accord Project Logo

FinTech

Delivering commercially innovative advice across the fintech spectrum

Financial institutions and disruptive technology companies alike trust Linklaters with their most complex fintech projects. We believe it is a testament to this experience that we have worked with such a diverse client base at all stages of growth, from early-stage start-ups to established financial institutions.

We have consistently held the position of market-leaders in advising on the application of new technologies to finance, from the implementation of SWIFT payments in 1973 to the advent of blockchain and digital currencies, and everything in-between. Long before the term “FinTech” was coined, we had been working on many of the most prominent and ground-breaking technological developments in financial markets for many years.

Click here to learn more about our fintech offering