Allen & Overy has announced the new cohort members to enter Fuse, their collaborative tech innovation space.
Starting in May 2019, the four new companies to join Fuse cohort 3 are:
- a startup which builds tools aiming to create machine-readable rules, thus enabling customers to access complex financial regulations on a digital basis.
– a drafting tool which helps users to access defined terms and references in documents more easily, with the intention of speeding up the drafting process.
– a platform which seeks to provide social collaboration, secure file sharing and project management with the aim of improving efficiency and productivity.
– a legal AI platform that reads, drafts and marks up legal agreements on an automated basis.
The new cohort will join remaining cohort members Avvoka Legatics, Nivaura, and Regnosys in Fuse in early May 2019.
Launched in September 2017, Fuse was created to enable lawyers and clients to understand how they could benefit from technology. There have been a number of significant milestones in Fuse including Nivaura’s issuance of the world’s first fully automated cryptocurrency-denominated bond, Allen & Overy fully licensing and rolling out Avvoka’s technology and hosting the Financial Conduct Authority and Bank of England’s. Digital Regulatory Reporting pilot.
Shruti Ajitsaria, Head of Fuse, commented: “A large part of the success of Fuse relies on identifying cohort members which will have a good synergy with A&O lawyers and our clients. I believe we have found that with this new cohort.
“Inviting new companies in to Fuse enables us to continue to be a collaborative partner for best-in-class tech companies. I am excited to develop our relationship with the new cohort over the coming months.”