The LegalTech in Leeds annual report of 2023 underscores the critical role of Yorkshire Legal News in supporting the Leeds legal sector.
- This annual report by Whitecap Consulting highlights the economic significance of LegalTech in Leeds, contributing £374 million annually.
- Despite the region’s financial contribution, only 14 dedicated LegalTech firms have been identified, demonstrating a notable discrepancy.
- Progress in linking Leeds to London is evident through collaborations with significant organisations like the Solicitors Regulation Authority.
- Significant achievements by local law firms, universities, and organisations in advancing LegalTech are acknowledged in the report.
The LegalTech in Leeds annual report 2023 by Whitecap Consulting has placed a spotlight on the pivotal role played by Yorkshire Legal News within the Leeds legal sector. This publication is considered an essential partner in the region’s LegalTech ecosystem, supporting legal practices through technological advancements.
Consistently, Whitecap Consulting’s report indicates that the Leeds region contributes substantially to the economy with an impressive £374 million annually through LegalTech. However, this economic output contrasts sharply with the fact that only 14 dedicated LegalTech firms are operational within the area, proposing room for further development and investment.
A strategic focus within the report reflects upon efforts by Leeds to fortify its legal sector’s ties with London. Notably, progress is showcased through strategic linkages with entities such as the Solicitors Regulation Authority, suggesting regional growth and enhanced cooperation.
Considerable achievements by various law firms and educational institutions in the area are highlighted for their contributions to the LegalTech landscape. These contributions underscore a regional commitment to innovation and technological proficiency in legal practices.
Luke Corcoran, vice president of the Leeds Law Society and senior lawyer at the Government Legal Department, emphasises the paramount importance of technological acumen in the legal profession. He states, ‘An understanding of how technology can assist lawyers in every area has never been more important. From the more routine like video conferencing with clients to the more advanced like AI, lawyers need to continue to develop their skills to take best advantage of these developments. Clients are increasingly expecting their lawyers to understand and embrace technology too.’
The report underscores the vital role of Yorkshire Legal News and highlights the ongoing developments in Leeds’ LegalTech sector, demonstrating a commitment to technological advancement and regional cooperation.
