Allens firm tries out billing like a VC
Allens, our legal partner and one of the world's largest law firms is taking bold steps towards changes that will shift the way legal compliance services are delivered.
By facilitating Westpac's trial of Red Marker's compliance solutions, Allens are opening the door to ongoing licensing revenue streams and are setting the blueprint for positive business relationships between old-world legal institutions and new-age tech startups.
Allens' approach is a perfect example of how a willingness to disrupt existing business models can allow large incumbent organisations to thrive in an age of rapidly accelerating technological change.
We are incredibly excited to be a part of this partnership and look forward to it expanding in the coming years. Read the full article from James Eyers of the AFR below.