Australia-based law firm Allens today announced the seven startups that have joined its legal tech accelerator, Auctus, of which two hail from Southeast Asia.
Allens — which has offices in Singapore, Thailand and Indonesia — said it received more than 120 applications for its 8-week virtual accelerator.
The final seven were chosen from a shortlist of 15 who pitched their startups to a panel of judges.
The two startups from Southeast Asia are inPact.ai, a Singapore-based AI-powered enterprise software platform that turns contracts into structured and analysable data to uncover new business insights; and Avvoka, a startup with offices in London and Singapore implementing document automation, negotiation and analytics tools for in-house legal, law firms and business teams.
The chosen startups will work with mentors and experts from Allens on their legal, growth and innovation strategies as well as attend masterclasses, test and receive feedback on their products from the firm. They will also have the opportunity to participate in facilitated strategic introductions to Allens’ networks.
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Selected startups may have opportunities to discuss further strategic engagement with the firm or potential investors at the conclusion of the accelerator.
“Our first cohort of startups impressed us with the potentially transformative solutions they’re building to some of the most pressing issues faced by our firm and our clients,” said Penelope Barr, Allens’ Head of Legal Product Lab.
“We are excited by the potential of our first group of startups to not only add to our own legal tech offering but to meaningfully contribute to the Australian legal landscape more broadly,” she added.
“When startups stand on the shoulders of a giant like Allens, they both see further and get to their destinations faster, and I’m looking forward to watching the journey unfold with the crop of startups that were selected,” said Steve Glaveski, CEO of innovation consulting firm Collective Campus, which partnered with the law firm to help attract and source for potential accelerator candidates.
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