UK at the Forefront of Legal Tech Development in Europe”
The UK is the leading legal innovation hub in Northern Europe, while Spain, a leader in legal tech in the South, is bringing innovation and cutting-edge companies. Barcelona is one of the top spots, favoured by an international environment of innovation and the consolidation of disruptive providers.
Highlighting the high-tech cities in Northern Europe, London is one of the epicentres of innovation in the legal sector, with consolidated infrastructure, a large talent base and growing adoption of new technologies. According to UK government research, 29% of companies adopting artificial intelligence solutions are from the legal sector.
However, considered the European Silicon Valley, Barcelona is the one that aspires to become the spearhead of legal technology development in Southern Europe. Google landed in Barcelona this year, opening its new office, which has been joined by brands such as Revolut or Payfit, attracted by the city’s entrepreneurship and innovation environment. The legal tech sector is an exponent of this boom, a market already consolidated in Barcelona and in which the big firms are investing to modernise their legal departments.
At the same time, Madrid hosted the South Summit in June, one of the most important innovation events in Europe, with an investment portfolio of 187 million euros. The event brought together suppliers and companies from the legal tech sector, positioning it as a benchmark event also for this sector, which has consolidated its growth over the last year.
According to Gartner, legal areas are set to increase spending on technology solutions by 200% by 2025, while the Association of Corporate Counsel (ACC) indicates that 42% of corporate lawyers say they will adopt new legal tech solutions over the next year. This is an upward development that is in line with the creation of an innovative legal tech culture in Europe.
Legal tech solutions on the rise
In addition to an international environment and talent pool, there is a growing number of software vendors and companies scaling their solutions to an increasingly popular market. Contract automation, electronic signature or Contract Lifecycle Management (CLM) solutions provide legal teams with technology to boost their legal operations.
Sergio Esteve de Miguel is Co-CEO of Bigle Legal, one of the legal tech scale-ups that have consolidated its growth. With a prestigious international client portfolio and a global network of partnerships, the company expansion has gone from its offices in Madrid and Barcelona to opening in London at the end of 2021. He explains that London “has the necessary ingredients to position itself as the reference hub for legal tech worldwide.”
Esteve de Miguel adds that large multinationals based in London are open to the innovation offered by legal tech software. Companies are embracing solutions that modernise their legal operations, starting with the legal department, which is increasingly aware that it needs technology to thrive, comply with compliance and regulation, as well as to retain talent.
About Bigle Legal
Bigle Legal is a cloud-based Contract Lifecycle Management (CLM) software powered by Artificial Intelligence that automates the legal operations of companies, improving security and minimising the risk of legal contingencies. The platform is flexible, intuitive and provides full control over the entire document lifecycle.
The company is a pioneer in the field of no-code document automation, with a global presence, and its customers include large companies and large law firms. Bigle Legal’s mission is to make Legal Operations Easy.
To learn more about Bigle Legal, visit the website: biglelegal.com
