Why every legal conveyancing professional should adopt digital Verification of Identity (VOI)

 By Lara Paholski*  While everyone around me knows how passionate I am about digital Verification of Identity (VOI), I know there are still a fair few conveyancers and lawyers out there who aren’t convinced it will change their workload. For the unconverted, this article is for you. For legal and property professionals who haven’t digitised yet, fulfilling VOI requirements can be a time-consuming and inconvenient process. From managing international, national and state legislative responsibilities to ensuring clients produce the right documents at the right time, VOI can be a time-consuming activity for even the most seasoned practitioner. For these reasons, […]

Securexchange launches to safeguard property deposits from cybercriminals

Tech company InfoTrack today launched Securexchange to protect real estate agents, conveyancers and buyers from the real threat of large financial loss during property exchanges. The property industry is a prime target for cybercriminals who have developed sophisticated schemes to intercept emails and redirect deposit funds into fraudulent accounts. Last year, a group of Victorian property buyers collectively lost more than $200,000 to a hacking scam targeting the email accounts of real estate agents.  Consumer Affairs Victoria said agents’ email addresses had been hacked, and home buyers were sent instructions to deposit money into the hacker’s bank account instead of the estate agent’s trust account. Similar scams […]

Watch: document assembly – no hands

Smarter Drafter is an Australian-based legaltech company which offers both the ‘legal’ and the ‘tech’ in its legaltech products. Smarter Drafter offers a set of precedents across a wide range of practice areas combined with new-generation document assembly functionality. The company is always following the latest trends in how technology can be utilised in document workflows. In the video below, Adam Long of Smarter Drafter demonstrates what can be achieved with Alexa. Learn more at https://smarterdrafter.com.au

KPMG brings regtech Recordsure to Australia

KPMG Australia and regtech company Recordsure have announced an alliance to roll-out the London-headquartered startup’s AI-driven customer trust and transparency solutions to financial institutions in Australia. Recognised as one of the 50 emerging fintechs in the KPMG and H2 Global Fintech100 in 2018, Recordsure was founded in 2013 in response to the FCA (the UK equivalent to APRA) taking action against the industry on a host of issues similar to those raised in the recent Financial Services Royal Commission. Recordsure helps financial institutions such as banks and superannuation providers to capture data from customer interactions and improve both regulatory compliance […]

Wills lawyers use artificial intelligence to strike back at low cost services

Well known estate planning lawyers de Groots have rolled out a system that uses Artificial Intelligence to assist clients to start the process of preparing or updating their wills online, before they meet their lawyer. Solicitors practising in the Wills and Estates field have seen a gradual encroachment of cut-price wills offerings over recent years. Many see those offerings as risky, as clients miss out on the issue-spotting and estate planning strategy that only an experienced lawyer can provide. de Groots has made a move to regain the upper hand, via a partnership with Settify, a multi-award winning start-up that […]

Lawcadia releases new freemium internal matter management system for corporate legal teams

Named Lawcadia ‘Align’, the new internal matter management system sits alongside Lawcadia’s existing external matter and spend management Platform, Lawcadia ‘Engage’. Designed specifically for in-house teams, Lawcadia Align facilitates the building of a knowledge base and the development and application of processes that directly support a focus on value adding work. The product came to be after a series of Lawcadia sponsored Design Thinking Workshops with existing and potential clients in late 2018. In these workshops, participants clearly identified a desire for matter and project management systems designed specifically for corporate legal teams. Lawcadia Align was developed in direct response […]

Dumped by txt

By Peter Frankl. I’ve been dumped by text message. It was very different at the beginning. I remember the first day so many years ago. I was so excited and happy that I also wrote about it then. On Friday 1 March 2019 I received a text from Optus that it was discontinuing its voicemail voice to text functionality. After 31 March 2019 you will not be able to use this functionality, said the text from Optus. Voice to text has saved me perhaps hundreds of hours by being able to read missed call voicemails as texts. But now it’s […]

Thomson Reuters Announces Panoramic, A New Vision for the Way Law Firm Lawyers Work

For large law firms, official announcement: Thomson Reuters introduced a bold, new legal workflow solution that enables firms to plan, manage and execute legal matters with data-driven confidence. A cloud-based system, Thomson Reuters PanoramicTM is built on the strong foundation of Practical Law’s legal guidance and 3E’s market-leading financial management system to connect the front and back office of a law firm like never before. According to Elisabet Hardy, vice president of Financial & Practice Management at Thomson Reuters, law firms are under increasing pressure to drive a high-quality client result predictably, consistently and transparently, all at a value that will […]

Grant assists Immediation to commercialise its online dispute resolution platform

Immediation is a recipient of funding in the latest round of Liberal National Government’s Accelerating Commercialisation grants. This funding will help Immediation to commercialise its online dispute resolution platform through pilot customer trials and the development of family law and workplace relations solutions. Immediation is a private and confidential online dispute resolution platform, providing a low-cost, easy, secure, quick and highly efficient method of resolving commercial disputes as an alternative to long and expensive court processes.  Immediation was conceived and designed in response to the problems encountered by ordinary businesses and individuals gaining access to justice at a reasonable price. The […]