Singapore to partially fund law firms' legaltech adoption costs

The program, which has nearly $4m to give out, has identified 16 eligible services

Singapore to partially fund law firms' legaltech adoption costs

Singapore is willing to partially pay for costs to get law firms to start using legaltech in their practices.

The Ministry of Law, Law Society of Singapore, Enterprise Singapore, and Infocomm Media Development Authority have launched a new program called “Tech-celerate for Law,” which will reimburse some costs paid by Singapore law practices for technology services.

With a budget of S$3.68m, or about $3.9m, the scheme repays up to 70% of the first-year costs of adopting both basic and advanced legaltech services. The group defined “baseline” services as practice management, online legal research, and document management technologies. Advanced services are those powered by AI that can help in document assembly and review, eDiscovery, and client management.

Law firms can get reimbursements of up to S$30,000 for basic services and up to S$100,000 for advanced services, the ministry said.

The program has qualified nine services for the base category. They are practice management systems CoreMatter, Clio, and Tessaract.io; document management systems Dropbox Business, TessaCloud, and NetDocuments; and online legal research systems INTELLEX, WestLaw Asia, and Lexis Advance.

Seven have been qualified as advanced legaltech services. They are document assembly systems Hotdox-Lawcloud and Contract Express; the document review suit from Litera Microsystems including Contract Companion, DocXtools Companion, and Clause Companion; eDiscovery software Relativity, CaseRoom, and LegalComet eDiscovery Cloud; and automated client engagement solution TessaSays.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Head honcho at NSW Supreme Court announces retirement

Mills Oakley preps Perth team for upcoming WHS legislation with new special counsel

Government challenges landmark decision on climate change suit

Sullivan & Cromwell welcomes back Asia M&A head

Australia's biggest retail transaction succeeds with Gadens' help

Media companies liable for defamatory comments left by users on their Facebook pages: High Court

Most Read Articles

NSW Supreme Court upholds mandatory COVID-19 vaccines

Holding Redlich boosts tax controversy practice with EY hire

Clayton Utz elects Australian Takeovers Panel member to board

Mandatory vaccination a rising trend among employers, Piper Alderman reveals