A number of large law firms have now launched various technology incubator programs, promising legal mentorship and often financial resources to burgeoning legal technology startups in an effort to support the development of emerging innovation. Dentons, Baker, Donelson, Bearman, Caldwell & Berkowitz and Allen & Overy are among the big firms who have established these programs at their firms.
Bryan Cave’s TechX program, which launched initially last February, is a different kind of incubator. Instead of “incubating” various technology companies in the legal sector, TechX is looking to bolster the firm’s own attorneys in understanding and shepherding in new technology innovation to its core infrastructure. The firm announced this week its first major technology licensing agreement through the TechX incubator with Contract Companion, Microsystems’ contract drafting tool.
