GMV and open innovation in the LegalTech sector

Finnovating, the strategic consultancy specializing in Open Innovation, has organized the first unconference dealing with the LegalTech sector.

Under the banner theme: “More haste less speed; but more company more headway” they wanted to get across the need for building up this ecosystem steadily and collaboratively among the leading players of the sector, encouraging collaboration through specialized networking to achieve more successful results.

Rodrigo García de la Cruz, CEO of Finnovating, gave the opening address, presenting the sector’s main figures and technological trends and stressing the fact that, despite the youth of the LegalTech sector, it is now thriving because the solutions it offers are in high demand by companies, lawyers’ offices and users.

The conference brought together 80 CEOs from the legal sector’s most innovative companies plus major corporations that are seeking to combine innovation with technology by means of collaboration with startups; these included GMV, the Spanish General Lawyers’ Council (Consejo General de la Abogacía Española), Hogan Lovells and Pinsent Masons. On the strength of their solid track record in the sector, these companies are inputting great value and are capable of offering startups an in-depth knowledge of the industry, financial capacity and a broad base of major clients.

GMV has built up a sound knowledge of the legal sector after years of collaboration with leading lawyers’ offices that have turned to the multinational for the digitalization and cybersecurity of their business. Isabel Tovar, Service Company Manager of GMV’s Secure e-Solutions sector, stressed during the conference GMV’s ongoing commitment to open innovation, which, taken together with its leading position, investment capacity and client base, makes it the ideal partner to help startups get their ideas across to end clients.

The first LegalTech Unconference finished with the prize-giving ceremony of the 1^st  Finnovating LegalTech Awards in four categories. The Best Business Model Execution award went to Reclamador. Biometix Vox won the Best Innovation award. LexGoApp won LegalTech’s Enterprising Woman award while Testamenta won the Biggest Social Impact prize and Lawyou the Biggest Public Vote prize. Eva Martínez Ferrer, GMV’s Business Development manager, handed over the prize to Testamenta, a startup that makes it easier for testaments to be donated to charitable organizations.