A tech entrepreneur who cashed in £50m from his previous venture has invested a seven-figure sum into a legal software company.
Mike Washburn, who previously launched and sold GP practice support tool ScriptSwitch more than 12 years ago, has invested more than £1.3m in the development of HyperLaw, based in Staffordshire. The business supplies 'intelligent case preparation and presentation for barristers and solicitors' and claims to eliminate the need for paper, as well as save 30% in time spent on case work.
HyperLaw says it has already worked with Keidan Harrison, Signature Litigation and JMW Solicitors and will now look to double revenues over the next 12 months and explore further external investment.
Washburn, 62, has been a director with HyperLaw's parent Axiom TDM Limited for eight years, said he was driven to create the business after his own brush with the legal profession.
‘The inspiration for HyperLaw came from my own personal, painful experience of fighting a legal claim, with my legal team regularly coming into meetings armed with 20-plus lever arch folders full of paperwork and being constantly charged for various people reading the same information,’ he said. ‘We feel we now have a product that gives solicitors and barristers a competitive advantage and, importantly, will help contribute to making justice affordable for all.’
