Singapore’s Rajah & Tann, two others invest $10m in legal-tech startup Lupl

Pic Credit: Pixabay

Three law firms from the United States, Britain and Asia have jointly invested over $10 million in a U.S.-based legal tech start-up that is developing an ‘open’ industry platform to enable lawyers to work seamlessly across disparate systems.

The platform, designed for both law firms and legal departments, is being beta-tested by more than 10,000 lawyers in over 100 jurisdictions, Lupl said in a statement on Thursday.

Lupl, which counts U.S. law firm Cooley, Britain’s CMS and Singapore-based Rajah & Tann Asia as its founding shareholders, said law firms including Slaughter & May, Linklaters and companies including Unilever and Deutsche Bank are involved in the early testing.

Lupl aims to synchronise all parts of legal projects such as documents, communications and technology applications in a single secure platform, which can be integrated by law firms, legal departments and technology providers.

“What this platform does is to sort-of electronically organise all the material – no matter which platform they come on – into a stable electronic bundle for the lawyers and for the clients ,” Lee Eng Beng, chairperson of Rajah & Tann Asia told Reuters.

The founding shareholders had invested over $10 million in Lupl, he said. The startup currently employs about 50 people.

Lee said the platform, which would have a subscription model, would be launched next year. “The clients hold the key. In order to leverage on this platform, it must exist between the clients the law firms,” he said.

Reuters

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.