Mishcon de Reya MDR Lab - Legal Tech Startups wanted
by Startacus Admin
Legal Tech Startups, you’ve until the 12th March to get your application in to join Mishcon de Reya’s MDR Lab programme. Intrigued? We outline all the key details below:
MDR LAB is a programme for tech startups in the legal space, hosted at Mishcon de Reya’s offices in central London.
Based in London with offices in New York, Mishcon de Reya services an international community of clients and provides advice in situations where the constraints of geography often do not apply. The work they undertake is cross-border, multi-jurisdictional and complex.
Open to early-stage and growing technology legal startups, the MDR Lab programme is welcoming applications from innovative legal tech startups both at the concept stage and those that are already generating revenue.
They are particularly interested in innovations that relate to one of the following categories:
Litigation
Lawyers have seen an explosion in the amount of information they need to manage through the litigation process. MDR LAB are looking for innovations that can help their lawyers make sense of and use this data in a more effective and efficient way to achieve better outcomes for clients. 
Transactional Law
Clients are constantly challenging lawyers to work quicker and more cost effectively. MDR LAB want to hear from businesses that are developing technology that could help streamline transactions. This might be through smarter document reviewing and creation, automation of processes or innovations that disrupt an entire category of transactional law.
Business of Law
Providing the best service for clients relies on systems and infrastructure that are easy to use and efficient. From tracking the progress of cases to communicating with clients and managing costs, MDR LAB are looking for technology that can help them run their business in a way that maintains the highest quality service for their clients.
Wildcard
Some innovations are hard to categorise. The wildcard category is intended to capture those innovations that don’t fit within one of the above three category areas.
Why Apply for MDR LAB?
The MDR LAB is not simply about startup investment, but more of a collaboration working with a handful of selected startups on a mutually beneficial programme, giving legal startups the opportunity to:
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Pilot your product with Mishcon de Reya
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Work within your target market to pilot and improve products and to gain a better understanding of how legal services are provided and where lawyers – and their clients – would benefit from new technologies
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Gain access to Mishcon de Reya lawyers and other business experts throughout the firm for advice, mentorship and education. Mentors will include legal and business experts from Mishcon de Reya, entrepreneurs and external subject matter experts.
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Gain insights from subject matter experts through a top-quality education programme
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Access funding from Mishcon de Reya and L Marks
The programme is run in partnership with corporate innovation specialist and early stage investor L Marks who’ve a strong background working with clients such as John Lewis (JLab Programme) , BMW Financial Services (BMW Innovation Lab), and Belron (Drive with Belron programme) to identify where they believe the challenges are in that corporate's business and then turning these challenges into opportunities for improvement and innovation.
Timelines
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12th March 2017 - Applications close
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25th March 2017 - Pitch Day. Startups will pitch to Mishcon de Reya to win a place on the programme
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8th May 2017 - 10 week MDR LAB programme begins!
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14th July 2017 - Demo Day
How to Apply?
You’ll need to simply fill out a short application form telling MDR LAB about your product or service, your team, and why you’d like to take part in MDR LAB. If successfully shortlisted you will be then invited to pitch for your place on the programme. Head straight over to the MDR LAB page where you can apply, and also read over all the FAQ’s you may have before making that all important application.
Good luck to all that apply and get selected for the programme!
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Published on: 4th February 2017
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