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Advanced Delivery: Fuse by Allen & Overy

Collaborative tech innovation space to explore, develop and test legal, regulatory and deal-related solutions

Fuse, the tech innovation space where tech companies, Allen & Overy lawyers, technologists and their clients can collaborate to explore, develop and test legal, regulatory and deal-related solutions launched in September 2017.

​Cohort 3 - Applications now open

Applications to join our third cohort of Fuse residents are now open to both start-ups and more mature tech companies.  To submit an application, please complete our application form on FS6 https://www.f6s.com/fusebyallenovery2019/apply.​

Applications close on 25 January and a pitch day will take place in February, before successful companies move into the space shortly thereafter. If you have any queries about the application process, please contact
Shruti Ajitsaria​ at shruti.ajitsaria@allenovery.com​ or another member of the Fuse team.

Fuse cohort 2  

Fuse opened in September 2017 and has already made a significant impact. Since opening, it has welcomed over 5,500 visitors – from Allen & Overy, clients and beyond – and played host to the successful issuance from Nivaura of the world’s first fully automated cryptocurrency-denominated bond and the first structured product to be transacted and custodied, in each case using blockchain. Fuse has also prompted the launch of numerous client and internal product pilots and collaborations, including the global Banking practice embracing a new technology from Legatics following a successful trial period. 

Fuse acts as a remarkable radar, enabling us to understand what’s out there in terms of technology-driven solutions to the challenges that we and our clients face every day. It has been fascinating to witness the practical application of some of the technologies created by the companies in the first cohort.

Jonathan Brayne, Chairman of Fuse

 “It’s clear that our first cohort achieved some quite extraordinary things in a very short space of time, so we’re excited about what Cohort 2 may bring. We look forward to receiving applications from innovative businesses with brilliant ideas.

Shruti Ajitsaria, Head of Fuse

 

Why we have launched Fuse

The legal market is embracing technological disruption and three particular areas of innovation where the pace of change has recently accelerated and on which Fuse is targeting are:

  • legaltech: technology supporting legal advice, law firms and in-house legal functions;
  • regtech: technology supporting regulatory compliance; and
  • dealtech: technology that transforms how companies and financial institutions transact and negotiate deals with each other.

The launch of this space builds on other Allen & Overy advanced delivery projects aimed at developing both the wider legal market and its own business model to meet the changing needs of its clients.  They include aosphere, its online subscription business, and MarginMatrix™, a digital derivatives compliance system. It also complements Allen & Overy’s well-established engagement with the fintech sector.

Who is currently working in Fuse?

The first company invited by Allen & Overy to join Fuse was Nivaura, which is developing an automated and vertically integrated cloud based service for the issue and administration of financial instruments by small and medium-sized issuers.  As entrepreneurs-in-residence, Nivaura team members will help to guide the tech companies selected to work in the space by sharing advice and business experiences whilst continuing to develop their own business.

Seven other companies have been selected to join Nivaura in Fuse for the first cohort:

  • Avvoka – a digital platform incorporating a contract creation, workflow and analytics tool.
  • Corlytics – a business providing regulatory risk intelligence, using forensic analysis and forecasting of fines and sentencing globally.
  • iManage – previously known as RAVN, a business developing natural language processing and machine learning technology to organise, discover and summarise documents.
  • Ithaca – a charitable not-for-profit enterprise aiming to create a mobile-responsive online technology platform to assist asylum seekers in gaining access to pro bono legal representation and advice.
  • Legatics – a company that turns ‘paper and email’ based legal processes into simple and innovative software.
  • Opus 2 International – originally a developer of litigation and transcript management software, now developing a tool to support lawyers with the prospectus verification process.
  • Vable – a provider of content aggregation, automation and intelligence software.

The following companies have been selected for the second cohort:

Five new companies have moved into the space to join three companies from the first cohort – Avvoka, Legatics and Nivaura – who have stayed on. 

  • Bloomsbury AI – an early stage company that uses natural language understanding, cognitive capabilities and machine learning to create virtual assistants that can be taught to read, reason and communicate.
  • Kira Systems – provides machine learning technology for document review and analysis, which has been licensed by Allen & Overy.
  • Neota Logic – a provider of automation software whose AI-powered app development platform enables professionals to build and deploy applications that automate legal expertise, processes and documents.
  • Regnosys – a fintech company which leverages the open source to deliver “machine executable regulation” and drive radical change in the financial industry’s approach to regulatory compliance.
  • Signal Media – an AI-powered intelligence firm turning information into accessible, actionable business knowledge. Artificial Intelligence is applied to millions of content-rich sources – from news media to global regulatory updates – driving insight and helping businesses manage the risks and opportunities they face.

 

Get in touch

Businesses interested in collaborating in Fuse should contact their Allen & Overy Relationship Partner, Jonathan Brayne or Shruti Ajitsaria, Chairman and Head of Fuse, respectively.

Join our mailing list

Or join our mailing list to receive invites to our learning lab as we stage events, seminars, demonstrations and trials, providing clients with the opportunity to stay abreast of the challenges and developments we’re working on.

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