Inspired to modernise conventional legal models, two UNSW Law alumni have established online law firms that have been recognised at the 2019 Australian Law Awards. Legaltech firms are making services more efficient and affordable for clients. Credit: Shutterstock Legaltech firms are disrupting traditional legal practices and transforming the industry by providing clients with service improvements such as faster turnaround times and fixed fees. Two such legaltech start-ups, Sprintlaw and LegalVision, were established by UNSW Law alumni on the basis that traditional legal models could be improved by making services more efficient and affordable for clients.
At the 2019 Australian Law Awards, LegalVision was named New Law Firm of the Year, while Sprintlaw took out the award for Innovator of the Year. How Sprintlaw founders identified a business opportunity
UNSW Law alumnus Tomoyuki Hachigo explains how queuing for lunch one day in the Sydney CBD with a colleague led to the establishment of legaltech start-up Sprintlaw.
“Before I became a lawyer, I had a few years of experience working in the legaltech space, so I always had this idea that technology has the potential to change legal practice. I then met my co-founder, Alex Solo, who also has a tech background, when we were both going through the summer clerkship process. We immediately bonded over how technology could improve the delivery of legal services,” Hachigo says.
“We both became lawyers at a corporate law firm and, one day, we were grabbing lunch at a sandwich place in Sydney CBD. This is one of those places that always has a line, but it’s super quick and efficient. We both noticed how amazing their production line and systematised process was. One of us commented, ‘Why can’t lawyers be the same?’” Sprintlaw’s co-founder and principal lawyer, Tomoyuki Hachigo. Hachigo and Solo eventually realised there was a huge gap in the legal market for servicing small businesses and start-ups. “There was a study that claimed over 80% of small businesses and start-ups don’t seek legal help when they need to. This sounded like a great business opportunity if we could make accessing legal services easy, affordable […]