NEXTLAW LABS SIGNS SECOND PORTFOLIO COMPANY: APPERIO
NextLaw Labs, the global collaborative innovation platform developed by global law firm Dentons, today announced its investment in Apperio, a legal tech startup that is changing the way law firms handle matter management. This is the second portfolio company that NextLaw Labs has signed, following its investment in ROSS Intelligence Inc., a startup developing a legal advisor app powered by IBM Watson.
"We are thrilled to be working with one of the most promising legal tech startups for matter management in the market. Apperio is a product that we believe will be a game-changer in the competition for legal panel positions and we are already pilot-testing a prototype with Dentons partners and business development professionals in London," said Dan Jansen, CEO of NextLaw Labs.
NextLaw Labs and Apperio will work together to streamline matter management, track legal spend in real time and standardize the legal tender process, saving lawyers' time and introducing new best practices via technology.
NextLaw Labs was connected to Apperio through European business accelerator, Seedcamp.
Apperio founder and CEO, Nicholas d’Adhemar, said, “We are excited to be working with NextLaw Labs and leveraging their extensive knowledge of the industry. They share our vision of using intuitive technology to eradicate information asymmetry and provide real-time transparency to the benefit of both the law firm and their clients.”
The Apperio platform is a powerful smart-analytics dashboard that gives law firms and clients real-time transparency on legal fees that is accurate and meaningful. A simple, intuitive dashboard gives everyone access to the full picture, helping to build strong, cost-effective lawyer/client relationships and equipping all parties with the tools they need to communicate better in business.
About NextLaw Labs
NextLaw Labs is a business accelerator focused on investing in, developing and deploying new technologies to transform the practice of law. It is an autonomous, wholly owned subsidiary of global law firm Dentons with physical and virtual locations in technology centers worldwide. Through complementary and strategic partnerships with leading technology companies, startups, other business accelerators and established legal vendors, NextLaw Labs will invest in promising companies and develop a suite of new technologies that fundamentally change the practice of law, improving client service and enhancing client solutions.
www.nextlawlabs.com
About Dentons
Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries.
www.dentons.com
About Apperio
Apperio is a powerful smart-analytics dashboard that is removing information asymmetry from legal services, providing law firms and their clients real-time transparency on legal fees that is accurate and meaningful. Apperio is backed by leading investors Notion Capital, IQ Capital, Seedcamp as well as a number of other high profile investors and industry players including NextLaw Labs. The platform is already being used by 17 of the top 100 UK law firms, with more than £20 million in fee being tracked within a year of product launch. Clients include Octopus Investments, Simply Business and Brandwatch.
www.apperio.com