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InsTech - insurance & innovation with Matthew Grant

Clive Rich: Founder & Chairman, LawBite: Legal platforms & partnerships (107)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 18 October 2020

⏱️ 34 minutes

🧾️ Download transcript

Summary

Insurance is about managing risk, but so is law - and both industries are discovering the changes and challenges from new sources of data, remote working and the power of platforms. LawBite was founded in 2011 to provide affordable and accessible online access to legal services and is now supporting over 1,000 small/medium sized businesses. Founder & Chairman Clive Rich joins Matthew on InsTech London Podcast 107 to discuss the company’s beginnings and growth, and how it uses technology to embed legal support into everyday transactions.  Talking points include:  Reaching an SME audience through new technology Matching clients to the right legal support Using data science and machine learning Working with insurers and new partnerships Running a business remotely Keep track of everything we are up to at InsTech London and sign up to our newsletter for a fresh view on the world every Wednesday morning. If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn. Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to an InsTech London podcast, or reading the accompanying transcript, you can claim up to 0.5 CPD hours towards the CII member CPD scheme. Complete the InsTech London Podcast Feedback Survey to claim your CPD time.

Transcript

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0:00.0

in the initial trial emailed just a selected number of clients with a law by offer.

0:08.2

And there was a 40% conversion rate between customers they alerted and us getting legal inquiries as a result. Hello and welcome Matthew Grant here, partner at INS-DEC London.

0:34.3

This week I am talking to Clive Rich, founder of Lawbyte, a legal platform

0:39.8

providing information lawyers and partnerships to help small and medium-sized businesses or

0:46.6

SMEs as they are commonly referred to. Now I've known Clive for a number of years and we've

0:51.7

been using Lawby ourselves for its legal services for a few years as well.

0:56.0

So we are delighted to also now have them as one of our recent corporate members. As Clive explains,

1:01.9

insurance and law are both about managing risks and the law by has been successful at embedding

1:07.0

legal support into everyday transactions, including one partnership with a leading

1:12.5

insurer. There's lots of useful advice here about building a business and running one remotely,

1:17.3

as well as ideas for partnerships, may help you wherever you are and whatever you are doing,

1:23.0

wherever you are in the world.

1:40.1

Clive, welcome to the Interstate London podcast.

1:42.5

Really delighted to have you join us.

1:45.3

Now, you've got a really interesting, varied background. You qualified as a barrister for those, so for those not familiar with that term,

1:51.3

that's a trial lawyer, mediator, a negotiator. During your 30 years of a career, you've broken

1:57.2

and drafted deals worth in excess of 10 billion pounds, including Sony, Apple,

2:04.2

Microsoft. And I know personally, you've had an involvement in the music industry, and I also

2:09.9

did some work with Simon Cowell. And then in 2012, you founded Lawbite, which is a virtual

2:16.0

law firm. We're going to be hearing more about

2:17.6

and in particular what you're doing for insurance organisations. But really glad you could join

2:21.7

us. Welcome. Thank you very much. Looking forward to it. Thank you. Now, you've got an interesting

...

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