04 FEBRUARY 2021 Top 10 Headlines | ASIAN LEGAL BUSINESS Singapore has had a burgeoning reputation in LegalTech for some time now, well before the pandemic struck its shores. Whether it is the government or end-users like law firms and in-house teams, they have taken strides to embrace and launch initiatives to advance the use of LegalTech. The pandemic has unsurprisingly quickened the pace of LegalTech innovation, but there is reason to believe that the technological evolution of the country’s legal sector will continue long after the impact of COVID-19 has passed.
Over the past few years, Singapore has put in place multiple initiatives that have made it conducive for the growth of LegalTech innovation. These include a growing number of centres of excellence (COEs) related to technology and LegalTech as the country strengthens the existing infrastructure to facilitate digitalisation in the legal industry. “Singapore has an excellent ecosystem for LegalTech innovation in recent years as there is strong government support, growing talent in both legal and technology fronts as well as increasing demand and interest here and in the region for LegalTech,” said Patrick Ang, managing partner at Rajah & Tann Singapore, one of the country’s largest law firms. Read More | | | | | | | | | | | | | | | | | | | | | | For more news, click here to visit the website |
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