LexTech, an indigenous technology company, have launched their legal technology business today, 29th March 2019. The company which develops ‘reg tech’ and ‘legal tech’ software products and services for businesses, held the launch at their offices in Dublin 4 where it was attended by Minister and Lawyer, Josepha Madigan.
LexTech streamlines legal and regulatory administration in businesses through digitisation, automation and data capture. LexTech also delivers bespoke risk and contract management solutions to business clients.
Speaking at the announcement, Karl Manweiler, LexTech, co-Founder and Managing Director said; “Businesses operate in an increasingly regulated environment. GDPR, AML, health and safety, environmental, insurance and financial laws and regulations infiltrate all our businesses. While necessary, it impacts negatively on creativity, productivity and efficiency. We have the technology solutions to accelerate compliance and make businesses more efficient.”
Larry Fenelon, co-Founder of LexTech and Partner in Leman Solicitors said; “LexTech is the first legal technology business developing technology tools to help businesses manage their legal processes as well as driving digitisation, automation and data capture in law. At least 40% of existing legal jobs are now vulnerable to automation. Lawyers will be displaced by LexTech services as the work we do merges legal and technology skillsets. We are filling the gap here in areas like contract management, incident reporting apps, live business insight reporting and e-conveyancing. As our business continues to thrive, we will be recruiting for the new legal ‘jobs of the future. These will merge legal and technology skillsets. We are excited about our new technology offering and truly believe this is the future of law.”
Josepha Madigan, Lawyer & Minister said;“The government is keenly aware of the threat and opportunity presented by automation. This is a first-hand example of that threat and opportunity being embraced by LexTech and Leman. Job displacements through automation is real but so are the jobs of the future. LexTech is the first legal technology provider in Ireland that is delivering real preventative law and risk management solutions through technology. I am delighted to join and support the LexTech team this afternoon for their launch.”