Law and technology on same wavelength through new venture
A former City lawyer and the ex-director of operational development at an international law firm have launched an alternative business structure (ABS) called Wavelength.law that is focused on dramatically improving the delivery of commercial law using data and smart technologies such as artificial intelligence, machine learning and natural language processing.
The new business, based in Cambridge UK, is one of the first to use the new .Law top level web domain and places a high importance on exploiting technology.
CEO and co-founder Peter Lee (above) said: “We know from experience that businesses could be more efficient when processing commercial deals. Our designed service includes tools to unlock corporate memory, develop ‘living’ playbooks and visualise data – all developed to improve the flow of commercial deals. The benefits for legal, procurement and sales teams are significant in terms of deal speed, cost and morale.”
As well as building out its own technology and methodologies, Wavelength partners with several best of breed technology suppliers to complement its designed service offering.
COO and co-founder Drew Winlaw said: “We believe that modern commercial legal solutions should be delivered by teams and collaborations with a wide range of skills and capabilities – the fact that our first hire was a computational data scientist is quite ground breaking for a law firm. We are building a range of capabilities to improve corporate legal operations.”
As well as its core technology and data led solutions, Wavelength also provides an external general counsel service and advice on commercial and technology law.
The leadership team is joined by two non-executive directors – legal knowledge engineer, document automation and workflow design specialist, Catherine Bamford, and business angel Mark Astbury who has 25 years’ experience as a sales and marketing director with PayPoint plc, Next and the BBC. Further hires are expected in the coming weeks.
Peter Lee was formerly with Taylor Vinters in Cambridge and Bird & Bird in the City.