I think we are a good way there already, but with considerably more room to grow. Our legal system and our lawyers can certainly drive a world class dispute resolution environment attracting business from overseas. I have always been fascinated by disputes I resolve involving foreign parties, not least from the differences and similarities encountered. At its heart, no matter where the dispute arises, a legal team that drives resolution is a must. I look forward to seeing how this project develops. I’m on board.
The funding was allocated following the government’s announcement earlier this year of just over £2 million for UK lawtech to support the development and use of technology in the legal sector. This could include encouraging investment and innovation, ensuring understanding, awareness and use of lawtech, exploring ethics and regulation around technology in the legal sector, enhancing the competitiveness of the UK as a global commercial dispute resolution centre and promoting the use of English law and UK jurisdiction as a foundation for LawTech globally.