UK Invests Millions to Boost Global Tech Leadership
Summary
The UK government is extending its support for the LawtechUK programme with an additional £4.5 million investment over the next three years. This funding aims to bolster the UK’s position as a global leader in lawtech and support the multi-billion-pound legal services sector. The Ministry of Justice-backed initiative supports startups developing innovative legal technologies, with UK-founded lawtech companies securing nearly £189 million in investment last year – a 35% increase. Minister for Courts and Legal Services, Sarah Sackman KC, emphasized that the UK is leading the global legal tech revolution, hosting 44% of all European lawtech startups. The legal services sector contributes over £43 billion annually to the UK economy and employs more than 317,000 people. CodeBase and Legal Geek will continue to deliver the LawtechUK programme until October 31, 2026, focusing on driving digital transformation, fostering diversity, and supporting regional growth within the sector. Both organizations expressed their delight at the extension, highlighting the positive impact of the initiative and their commitment to supporting lawtech founders.
(Source:Mirage News)