Legaltech firm claims world’s first real estate robo-lawyer
An American technology firm says that its artificial intelligence software is the world’s first robo-lawyer for real estate investing.
Bootstrap Legal’s software automates the legal paperwork for those raising capital for real estate projects of up to U$2 million, allowing real estate investors to draft their own documents using artificial intelligence.
The service can deliver documents to a customer’s email in 48 hours once a series of questions have been answered. The documents are attorney-grade and attorney-reviewed before delivery. Those who require additional help can be connected to a lawyer for individual advice.
Founder Amy Wan says that the software both undercuts the legal fees associated with real estate capital raises and expedites the process.
KWM reinforces commitment to European business with new partners
King & Wood Mallesons has hired two new partners for its European business, reinforcing its commitment to the region.
Corporate and finance partners, Hui Zhao and Daniel Ehret will both join the Frankfurt office on 1 October 2017 to complement the existing four-partner team in the German office.
“The addition of Hui Zhao and Daniel Ehret to help spearhead the growth of our German practice in Europe underpins our vision and represents a significant strategic step forward, said KWM’s global managing partner Sue Kench.
Hui Zhao is a corporate lawyer specialising in Chinese M&A in Germany and joins from German firm Noerr. Daniel Ehret is a finance and restructuring specialist who joins KWM from Latham & Watkins.
Sydney partner leads NRF team in L1 Capital fund launch
A team from Norton Rose Fulbright has acted for Melbourne-based boutique fund manager L1 Capital on the launch of its UK Residential Property Fund.
The team was led by Sydney-based corporate partner Fadi Khoury who said “I am proud to be associated with this dynamic team, as they deploy their strong investment track record and experience in a Brexit environment in the UK residential property market.”
L1 Capital manages money for a range of clients including large superannuation funds, financial planning groups, family offices and high net worth individuals.