Deputy PM to unveil AI labs to drag legal sector out of ‘analogue’ age
City A.m.
The UK government will launch AI growth labs led by Deputy Prime Minister David Lammy to modernize the legal sector by reducing bureaucratic barriers and accelerating LawTech innovation.Summary
The UK government is introducing AI growth labs, spearheaded by Deputy Prime Minister David Lammy, to modernize the legal sector by streamlining regulatory processes and fostering LawTech innovation. These labs will provide a regulatory safe space for tech innovators to trial AI solutions, resolve compliance issues, and expedite product launches. The initiative targets the legal industry first due to its economic significance and demand for digital transformation. Applications will open this summer, with plans to expand to other sectors later in the year. Lammy emphasized the need to move beyond outdated systems to enhance efficiency and position the UK as a global leader in legal technology.
(Source：City A.m.)