Dentons’ NextLaw takes stake in legal spend start-up Apperio

Dentons-backed technology incubator NextLaw Labs has made an investment in UK start-up Apperio, a provider of legal technology matter management services.

The investment is the latest in a series of funding for tech start-ups expected to be made by the Dentons subsidiary, which also backed ROSS Intelligence last year. ROSS Intelligence is creating a legal adviser app powered by IBM Watson.

Apperio produces a smart-analytics dashboard that provides law firms and their clients with real-time data on legal fees and enables clients to track their legal spend at an overall or matter level.

Seventeen of the UK’s top 100 firms, including Taylor Wessing, Olswang, Osborne Clarke, Taylor Wessing, Charles Russell Speechly and CMS Cameron McKenna currently use Apperio’s platform while its clients include Octopus Investments, Simply Business and Brandwatch.

Apperio is backed by a number of investors including Notion Capital, IQ Capital and Seedcamp.

Former CMS lawyer Nicholas d’Adhemar, Apperio’s founder and CEO, who spent six years working as a lawyer and three years client-side in private equity, said: “[NextLaw] share our vision of using intuitive technology to eradicate information asymmetry and provide real-time transparency to the benefit of both the law firms and their clients.”

NextLaw Labs is a business accelerator focused on investing in, developing and deploying new technologies to transform the practice of law. It is an autonomous, wholly-owned subsidiary of Dentons which launched last year.