Leading UK law firm Slaughter and May is inviting applications for the second round of its fintech entrepreneurs incubator, including start-ups working in legal tech, AI and blockchain technology.
The incubator, known as Fintech Fast Forward is looking for companies in the following areas: fintech, insurtech, regtech, datatech, legal tech, DLT (aka blockchain), data analytics and AI.
The objective now is to take on five more UK-based, technology-driven businesses. Each will receive £30,000 of value added services and have plenty of contact with Slaughters’ lawyers.
In March this year, the firm announced the first five companies selected to join its incubator programme:
- Enforcd – regulatory data
- Garrison – cyber security
- Just Miles – specialist insurance
- Tide – business banking
- and WorldRemit – money transfer
Rob Sumroy, partner at Slaughter and May, said: ‘In the first round we received over 25 applications to join the programme and we were delighted to welcome Enforcd, Garrison, Just Miles, Tide and WorldRemit to Fintech Fast Forward.’
Ben Kingsley, partner at Slaughter and May, added: ‘We have greatly enjoyed working with the initial cohort and we look forward to continuing to work alongside them as we now look for another group of innovative and entrepreneurial companies to join the programme.’
While Jane Walshe, CEO at Enforcd, concluded: ‘We joined Fintech Fast Forward at a critical time for us as a business. The Slaughter and May team really understood our needs and the ecosystem, provided first rate legal advice and made us feel supported.’
The news comes just days after rival Magic Circle law firm, Allen & Overy, also announced its first round of companies that will join its incubator, which includes the well-developed legal AI pioneer, iManage/RAVN. Meanwhile, earlier this year fellow UK law firm, Mishcon de Reya, ran an incubator for six legal, regtech, prop tech and fin tech companies.