The Federal Court of Australia has committed $47K for a pilot program with Online Dispute Resolution ‘disruptor’ Immediation.
Immediation is an online dispute resolution platform aiming to provide a low-cost, easy, secure, and highly efficient method of resolving commercial disputes as an alternative to long and expensive court processes. The service launched in September 2019.
The Covid crisis has led to a rapid adoption of technology by courts to enable virtual and remote hearings. They have also made public statements to the effect of don’t expect things to go back to where they were before the crisis.
This has created an unexpected scenario for Immediation whose whole purpose was to fill the gap left by slow and antiquated court processes. In the world of start ups this could be described as a pivot, providing assistance to the Federal Court.
Immediation has raised $1.8 million in funding to date, including from investors such as boutique investment firm SG Hiscock, corporate broker Patersons Securities and advisory firm Alto Capital.
Founded by commercial barrister Laura Keily – says the launch of the company is the culmination of 2.5 years of development, including an extensive pilot client program with top general counsel from over 20 companies including Coca-Cola Amatil, Uber and Orora.
We previously reported on Immediation’s progress (links below):