Singapore law firms are urged to adopt technology to achieve higher efficiencies and offered help to do so, including a newly set up SmartLaw Guild that aims to showcase best practices and case studies of successful deployments. The launch comes on the heels of a programme introduced last month that allows local law firms to receive up to 70 percent funding support for their technology adoption. The majority of law practices in Singapore were small and midsize businesses (SMBs) and likely required help to do so, said Minister for Communications and Information S. Iswaran, noting that more than 90 percent of the country’s enterprise community of 200,000 were SMBs. Citing the Law Society’s 2018 Legal Technology Survey, Iswaran said more than 80 percent of law firms agreed technology helped improve the delivery of legal services and was critical to their sector’s future development. However, just 12 percent of all law practices here–or 115–had adopted technology tools, said the minister, who was speaking at the SmartLaw Guild launch. In 2017, the Law Ministry, Law Society, and Enterprise Singapore had introduced the Tech Start for Law initiative to help law firms kickstart their technology adoption by defraying some of the initial cost. The focus then was on basic plug-and-play tools, such as online legal research and practice management systems. The programme spurred 115 law firms to deploy 143 technology applications such as Covenant Chambers, which adopted three cloud-based systems including practice management system CoreMatter and legal research system Intelllex. Pointing to this… [Read full story]
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