Remaking News of the Week: PwC scales LawTech

In Remaking News of the Week: PwC scales LawTech, I feature Richard Tromans’ report: PwC LawTech Scale Up Accelerator – The Full Cohort List.

Richard writes, “PwC has now joined a growing number of firms to launch legal tech company groups, with others in the field including: Mishcon de Reya, Allen & Overy and Slaughter and May.

While most of the legal market is fairly sanguine about other law firms launching incubators and accelerators, seeing one of the Big Four do it may quicken the pulse of some managing partners and innovation heads – especially given the declared intention of the Big Four to expand their legal offering, and in particular to do so by leveraging technology, improved processes and their considerable scale.”

I’d say that’s an understatement! The competitive dynamics of this news should not be under-estimated by BigLaw.