Barbal has been named as one of fifteen LegalTech companies making a splash in the Bristol and Bath region in a new report by Whitecap Consulting.
The report makes five findings for LegalTech in the region which identifies the West of England as an emerging cluster of legal innovation. The report identifies a significant level of LegalTech activity across an established legal sector, including more than 750 tech and innovation roles within a growing cluster of over 30 LegalTechs, tech companies working in the legal sector, and LegalTech arms operating within the region’s law firms.
The five findings are:
- High levels of LegalTech activity and service innovation across law firms of all sizes reflect the region’s underlying strengths in technology and law – including the presence of 17 Top 200 firm head office functions.
- Bristol and Bath has built an extensive LegalTech talent pool, with more than 750 legal technology and innovation roles identified by our research.
- The growing cluster of LegalTech companies in the region is significant in size compared to other regional locations (as is the case in FinTech).
- The region’s LegalTech sector could create powerful differentiation on a national and international level if embryonic collaboration in the legal sector was fully joined up with and modelled on the tech sector’s well-established regional collaborative ecosystem.
- A strong sense of societal purpose is evident within the legal sector in the region and this should drive a future strand of LegalTech development.
“Bristol & Bath is an established legal centre where the sector has a significant and long-standing presence. 26 of the top 100 firms in the UK have an office in the region, 13 of which have a head office here, making it stand out against other regions outside London. The primary application of technology within the legal sector to date has been law firms using tech to serve their clients.
There is an opportunity for tech firms to design highly efficient self service functions used directly by the buyers of legal services, which could make access to legal solutions cheaper, faster and more accessible. The combination of a strong legal sector and the core strength in technology overlaid by the presence of an unusually high number of head office functions for a regional city explain the high number of LegalTech roles in the region. “
Richard Coates, Managing Director, Whitecap Consulting
“Bristol Law Society was essentially founded by a group of lawyers wanting to share the cost of legal text books. That spirit of collaboration continues to thrive to this day and is absolutely central to the Bristol + Bath LegalTech project. Change in technology and innovation is inevitable and we will only be stronger in working together to ensure Bristol & Bath’s place at the forefront of the legal tech market. The opportunities are extensive. Not only will lawyers be able to develop new profitable approaches, we can also assist with access to justice.
Legal tech is a key plank for the legal future and this report is a key stone for taking us to the next step. We now need to move to that next phase and to make innovation and legal tech a long term success story for the region.”
Ben Holt, President of Bristol Law Society & Partner, VWV
“Bristol has provided a fantastic place to incubate Barbal through our early stages. The region has an excellent startup ecosystem with globally recognised accelerators, great access to funding and a growing talent pool. It’s a better place to live and work that continues to attract people away from London, whilst in easy reach of all other major UK cities. With so many top flight law firms with HQ functions on our doorstep, we’ve had fantastic access to feedback and validation on our product and value proposition. This report will galvanise the sector, encourage even more collaboration and support the “Silicon Gorge” region to grow into a cluster with international impact.”
Tom Bartley, co-founder and CEO, Barbal
To find out more about Barbal and explore how concurrent document collaboration and Knowledge as a Service can help your firm to access new revenue streams and grow profits, book a meeting with Tom.