Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Lane Neave LawTech Bootcamp provides innovative concepts

August 13

Lane Neave LawTech Bootcamp provides innovative concepts

The groundbreaking LawTech Bootcamp partnership between some of University of Canterbury’s brightest students and top New Zealand law firm Lane Neave has produced some remarkable new concepts.

Over 40 Law, Business and IT students joined forces with legal experts to create technology-based solutions to modern challenges in the legal sector during the incubator-style weekend at Lane Neave’s Christchurch offices.

After 48 intense hours of planning, brainstorming and research, eight teams on Sunday presented their innovative answers to the particular challenges they had accepted and will hopefully assist the legal sector to tap into rapid global changes in technology.

Lane Neave’s chief executive Peter Dwan said the Bootcamp had helped to develop the students’ understanding of the business world and provided the company with concepts that would help them embrace technological solutions.

“On both fronts, the presentations exceeded our expectations and it was difficult to pick the winners,” said Mr Dwan.

The teams presented technology-based legal solutions, from web-based legal support for start-up companies or property transactions, artificial intelligence to assist in marriage separations and a computerised success barometer to measure potential success rates for upcoming legal proceedings.

The groups were judged on their concepts, but also their presentation and the way they handled the vexing questions from the expert judging panel.

The winning team delivered the concept of the Life Vault, an estate management tool for digital assets.

In his presentation, Mr Dwan said the winners has demonstrated a deep understanding of the evolving issue of a digital footprint and managed to show the financial and emotional value of a person’s digital assets.

Mr Dwan added that the presentations showed that the future of the legal profession will look very different.

“In the way we engage, develop, deliver and package our expertise, it will all be very different. But instead of running away from those challenges, Lane Neave has decided to embrace them.”

Over the weekend, the students received support from legal experts, coaching from business mentors and liaised with Lane Neave’s clients to gauge the potential need and effectiveness of their ideas.

Freya Farrar, member of the winning Team Mike, said that working with students from different studies had been insightful and stimulating.

“And working in a real business for the weekend was very valuable. It was not just another assignment for University, but suddenly we were finding solutions for practical problems in the business world.”

Bootcam organiser Michelle Panzer, the Incubator Manager of the University of Canterbury’s Centre for Entrepreneurship, said the progress the students had made over the weekend had been “phenomenal” and she had been impressed with how hard and well the teams had worked together.

Ms Panzer said that the weekend was the first time the University has tried this type of Bootcamp inside a corporate company. “And judging the buzz amongst the students, I can’t wait to try this concept in other sectors.”


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>