An experienced tech entrepreneur is expecting 2022 to be the breakthrough year for his latest venture which is transforming the way the legal sector operates.
Mike Washburn – who previously launched and sold ScriptSwitch for £50 million – has invested more than £1.3 million in the development of HyperLaw, a software package that provides intelligent case preparation and presentation for barristers and solicitors.
The innovative solution has been designed to help eliminate the need for paper and deliver up to 30 per cent time and resource savings, to help lawyers give cost-efficient access to the law whilst also increasing profitability.
Early adopters to the cloud-based platform – which enables users to build, review and share cases more efficiently – include Keidan Harrison, Signature Litigation and JMW Solicitors.
READ MORE: New HQ for expanding construction firm
Now Stafford-based HyperLaw is looking to embark on a significant period of expansion that will see it double revenues over the next 12 months and explore the possibility of future external investment.
To support the growth, the company has recruited Matt Wistow as commercial director and Sam Wood as marketing manager.
Mike said: "The inspiration for HyperLaw came from my own personal, painful experience of fighting a legal claim, with my legal team regularly coming into meetings armed with 20 plus lever arch folders full of paperwork and being constantly charged for various people reading the same information.
"This got me thinking. How can we take a very traditional industry, with laborious practices and bring it into the 21st century through the clever use of technology?
"The answer has been five years in the making, but we feel we now have a product that gives solicitors and barristers a competitive advantage and, importantly, will help contribute to making justice affordable for all."
Mike added: "The last few years have been about developing and adapting the software, not to mention trying to educate the legal sector on the benefits of switching from paper to a digital system that uses technology to deliver significant efficiencies and to drive down costs for them and their clients.
"It has been a tough process and a lot of behavioural change, but we've made some important strides and the number of users is increasingly rapidly."
Mike says the pipeline of opportunities the firm currently has indicates that it will double revenues by the end of 2022, leading to the creation of six new jobs.
Matt Wistow, commercial director at HyperLaw, said: "Having spent many years working for law firms, I can clearly see how HyperLaw's cutting-edge tools can produce a faster, smarter and higher quality client service.
"The cost of one annual subscription can be typically recovered after running one case through the platform and that's before we look at the time savings from operating digitally.
"Using our tech does all of the heavy lifting, allowing you to keep resource costs to a minimum whist maximising fees and billable hours for every lawyer.
"Better still, it also has a big positive environmental impact, reducing tonnes of paperwork and unnecessary courier journeys."
