The Law, Innovation, Technology & Entrepreneurship Lab (LITE Lab) at the College of Regulation of the University of Hong Kong (HKU) was introduced with the 2022 Legal Innovation in Functions (LIO) Initiatives award by the Corporate Authorized Functions Consortium (CLOC). This is the initially time a university programme and an Asia-Pacific initiative has been named a winner of the world CLOC LIO Job Awards. Attended by all over 2,500 authorized support industry experts, the award ceremony took place at the GLOC World wide Institute 2022 in Las Vegas.
“CLOC stands for creative imagination and innovation, and we are proud to understand these who demonstrate these values in the relentless pursuit of transformation at scale in lawful functions,” stated Mike Haven, president of CLOC’s Board of Administrators and Head of Legal Operations and Associate Standard Counsel for Intel. LITE [email protected] acquired its CLOC LIO Challenge Award for its “innovation-targeted experiential university student/customer business challenge”.
“It is an honour to have obtained this award from CLOC for our groundbreaking get-acquire initiative to superior get ready our future technology of authorized pros in a way that also positively impacts less than-resourced organisations and the present authorized job in their authorized innovation and technologies journeys,“ stated LITE Lab’s founding govt director Mr Brian Tang.
“This prestigious award would not have been doable without the need of the have confidence in and genuine collaboration of the common counsel and authorized operations leaders at our inaugural job associates FedEx Categorical, HSBC and Goodman Asia, together with ecosystem companions these kinds of as Association of Corporate Counsel – Hong Kong, Clifford Chance, and a growing number of no/low code platforms, to whom we are most grateful. We look ahead to discovering even more collaborations with other interested get-togethers to grow our effects globally,” Mr Tang said.
Launched in 2019, LITE Lab is an interdisciplinary and experiential programme that fosters regulation, innovation, technologies and entrepreneurship (LITE) at the HKU College of Legislation. By collaborating with ecosystem companions this kind of as Cyberport, Hong Kong Science & Technologies Park, HKU’s iDendron, and Fintech Association of Hong Kong, LITE [email protected] curated and released a assortment of new classes that allow undergraduate and postgraduate pupils to work with students from six of HKU’s 10 faculties and actual-earth under-resourced venture companions to deal with genuine environment lawful innovation and technology issues of such tech startups, social entrepreneurs, NGOs and legal departments.
In its inaugural yr, LITE Lab’s Lawtech & Regtech Sandbox partnered undergraduate law learners with the legal and operations departments of task companions to co-style evidence-of-strategy lawful triage and document automation employing no/low code tools to tackle their actual-world painpoints. This acquire-acquire university-field collaboration assisted with the electronic transformation journeys of learners and legal departments alike, and some of the university student prototypes have even been executed. Aspects of LITE Lab’s award-winning LIO Task submission can be viewed here.
According to Shogo Osaka, Running Director Legal of LITE Lab’s task companion FedEx Categorical North Pacific, “The co-layout challenge with LITE Lab has available us a fantastic option to rework some authorized-tech concepts into truth. By collaboration with the legislation pupils to layout and build proof-of-idea applications, we not only attained a tangible reward to automate repetitive responsibilities but also liked a fulfilling expertise of supporting the students’ development.”
CLOC LIO Undertaking Award presenter Farrah Pepper, Chief Authorized Innovation Counsel at March McLennan, summed up what quite a few lawful professionals say about LITE Lab: “I wish they experienced that when I was in law college.”（video clip of the award ceremony).