MDR Lab today welcomes three new early-stage companies to its intensive product-focused programme, with a range of LegalTech solutions designed to improve collaboration, inform litigation strategy and improve the accessibility of legal documents.
Over the next three months, the companies will be based in the London offices in Holborn, working closely with lawyers and other stakeholders from around the MDR Group to improve their products and find product-market fit.
The three successful startups joining the latest cohort are:
- Version Story (YCW21) – a version management tool that powers modern legal collaboration by helping lawyers who work in teams to compare and merge many document versions and organize a document’s history.
- SettleIndex – a financial and risk modelling platform that enables lawyers to model, visualize and evaluate disputes and collect and use data to inform litigation strategy.
- Amplifi – an intelligibility tool that helps lawyers objectively assess and simplify the language used in contracts and other legal documents, making it easier for customers and consumers to understand and engage with the content.
Jess Murphy, MDR Lab Programme Coordinator said: “We identified a number of opportunities during the application process in 2021 and are delighted to have now converted many months of conversations into something tangible. We are excited to get going again, especially in person.”
The latest additions mean that MDR Lab has now worked with 30 early-stage LegalTech businesses over the last five years of operation. Mishcon continues to work closely and support many of the previous participants. The firm has signed commercial agreements with nine MDR Lab companies, and invested in four of the businesses, including Time by Ping, Everchron, Thirdfort and most recently DraftWise, who took part in the Winter 2020 programme.
Dan Sinclair, Head of MDR Lab said: “Given the growth of the LegalTech ecosystem and pace of change, scouting the market and using technology to help solve problems for our core business and for our clients has become a permanent activity. Despite only saying goodbye to the three businesses who were with us at the start of the year, we are delighted to welcome these companies to the Firm”.