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PocketLaw nabs $11M to automate legal work for SMEs

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PocketLaw nabs $11M to automate legal work for SMEs

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PocketLaw, an all-in-one automated platform that enables companies to create, sign, and manage all their contracts, has raised €10 million (roughly $11 million USD) in a series A round of funding.

Founded out of Stockholm, Sweden, in 2018, PocketLaw targets SMEs with all the smarts they need to manage and automate many of their repetitive, day-to-day legal tasks.

Creating contracts and legal documents from scratch can be a resource-intensive endeavor — lawyers may charge by-the-hour to essentially repurpose existing files for a new client, while digital template banks offer an alternative solution that is a little less expensive. PocketLaw, on the other hand, promises to make the contract-creation process significantly cheaper and quicker, enabling users to build “bespoke legal agreements” in a matter of minutes through automation and a question-and-answer approach supported by on-screen digital guides.

PocketLaw: Creating a contract

Elsewhere, the PocketLaw platform supports features for collaborating with the various stakeholders in a legal agreement including sharing to-do lists and tasks and garnering immediate feedback, while it supports the full tracking and management of multiple agreements through the cloud.

PocketLaw: Feedback from colleagues

Efficiency gains

Gartner recently predicted that companies will increase their legal technology spending to roughly 12% of their in-house budget by 2025, representing a three-fold increase on 2020 — companies are basically seeking efficiency gains by “digitizing key workflows and expanding the use of automation,” according to Gartner.

And that, effectively, is the role that PocketLaw and its legal-tech brethren see themselves playing in the coming years — freeing lawyers to carry out the more complex “lawyering” work, with automated tools taking care of the more mundane tasks.

“The regulatory landscape — and legal complexity for businesses — is growing rapidly, forcing companies to invest more time and money in legal services just to survive,” PocketLaw CEO and cofounder Kira Unger told VentureBeat. “But most day-to-day legal work consists of simple, repetitive tasks, and given the cost of massive in-house legal teams, adding more people to the problem isn’t the solution. By providing automated solutions together with high-quality templates and other content developed by lawyers, PocketLaw helps every team in a company manage ‘legal’ with efficiency and ease.”

It’s worth noting that while PocketLaw is mostly targeting smaller businesses, in reality it can be used by businesses of all sizes that are looking to optimize their internal resources — its customers include billion-dollar Norwegian media giant Schibsted.

“PocketLaw can be used by any business and any stakeholder in the world, regardless of size, financial muscle and experience,” Unger added. “However, our primary priority to date has been to support all SMEs out there for clear reasons — this is a massive market, with lots of companies in need of support on a daily basis and today – most of these businesses stand alone, without strong financial means and in-house experience to manage legal on their own.”

Prior to now, PocketLaw had raised a little over $3 million in seed funding, and with its latest cash injection the company said that it plans to scale its SaaS platform across Europe.

PocketLaw’s series A round was led by European VC juggernaut Atomico, with participation from various angel investors.

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.

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5 reasons you should buy a cheap phone over an expensive one

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5 reasons you should buy a cheap phone over an expensive one
Moto G22 face down on top of a wall



The Moto G22 on a wall.
(Image credit: Future)

If you’re looking for a new phone, a key consideration is always budget – you want to buy the best phone you can afford. But maybe, even if you’ve got the money for a premium device, you should still opt for a cheap phone.

“Wait,” you’re probably thinking, “are you asking me to spend less than I’m able on my new phone?”  Yes, I am – you’re absolutely right.

You see, despite budget phones being weaker than premium ones in quite a few ways (obviously), there are a few departments in which they actually beat top-end models.

So we’re going to run through some different areas in which cheap phones actually trump their pricier rivals. 

1. It costs less money

Okay, we’ve got to start with the really, really obvious point. A cheap phone is – you guessed it – cheaper than an expensive one.

If you spend less on your phone, you’ve got more to spend on the best power banks, phone cases, charging cables, and so on. Plus, you’ve got extra for non-smartphone things. Y’know: bills, food, transport, and so on.

Smartphones operate on the rule of diminishing returns: a $400 smartphone is not twice as good as a $200 one, and a $1,200 phone isn’t twice as good as a $600 version or four times better in any way than a $300 one.

So if you want the best bang for your buck, a budget mobile will get you there.

Moto G9 Power

The Moto G9 Power has a massive battery. (Image credit: Future)

2. Much better battery life

Phones don’t have great battery life sometimes: when you factor in features like 5G, high refresh rates, top-end processors, and so on, a giant battery can get worn down incredibly quickly.

But you know what cheap phones don’t have? That’s right – any of those features. If a phone is 4G-only, has a low-res screen, and only runs with a middling chipset, it uses the battery at a much slower rate. All of the longest-lasting smartphones are budget ones.

That’s doubly the case when you consider that cheap phone makers like to use huge batteries in their phones – plenty have 5,000mAh power packs. Motorola has even used 6,000mAh ones in some phones, and certain Chinese rugged phone brands have gone even higher.

If you want a long-lasting phone, you’ve got to opt for a cheap handset with fewer features. It also makes such devices reliable for more extended periods.

3. Hardier designs

Glass has become one of the most commonly-used materials for smartphones – it adds to a premium-feeling build and looks good from all angles. 

But you know what glass isn’t? Durable. It can easily smash from an impact like a drop. It’s also slippery, making glass phones harder to hold. Because of this, mid-range and premium phones are more susceptible to damage, even if brands slap silly marketing terms on them like ‘Gorilla Glass Victus’ or ‘Ceramic Shield’.

Cheap phone makers generally stay away from glass. This is mainly because of cost, but it’s beneficial for affordable phone fans because plastic is hardier.

A plastic phone is much more likely to survive a drop or hard knock, letting you avoid the experience of having to get your device repaired as often (or ever, hopefully).

Realme 9 Pro Plus

The Realme 9 Pro Plus has a cool-looking, yet plastic, rear. (Image credit: Future)

4. Cooler chipsets

Cheap phones often have cooler chipsets. No, we don’t mean ‘sunglasses and Tommy Bahama shirt cool’ – we mean temperature-wise.

Premium phones get top-end chipsets, which provide loads of processing power for tasks like games. An annoying side-effect of loads of power, though, is that these chips can get incredibly hot if you use them for long periods.

Counter-intuitively, this means that mid-range chips can be better for gaming if you like playing for extended amounts of time, and don’t need the most top-end graphics available to you.

As you can imagine, budget phones often have weaker internals, so they generally don’t have overheating issues, and are fine for gaming. Plus, in this day and age, you rarely find phones that are slow, even in the lower-cost market.

5. A bigger range of fingerprint scanners

There’s a trend in the premium phone market towards in-screen fingerprint scanners, where the sensor for unlocking your phone is embedded under the display.

This is a fine way of unlocking your device for some, but if you prefer a back- or side-mounted scanner, you’re mostly out of luck at the top end of the market.

That’s not the case for cheap phones, though: you’ll find those digit sensors all over the place in the lower end of the market. Some phones have them in-screen, others have them on one or both sides of the phone, while plenty have the scanner on the back.

So if you like tapping the rear of your phone to unlock it, or caressing the side of the device, instead of just tapping the screen, budget devices are, in fact, the best phones for you.

Tom Bedford

Tom’s role in the TechRadar team is to specialize in phones and tablets, but he also takes on other tech like electric scooters, smartwatches, fitness, mobile gaming and more. He is based in London, UK.

He graduated in American Literature and Creative Writing from the University of East Anglia. Prior to working in TechRadar freelanced in tech, gaming and entertainment, and also spent many years working as a mixologist. Outside of TechRadar he works in film as a screenwriter, director and producer.

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We’re in love with this leaked Xbox Elite Series 2 controller design

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We’re in love with this leaked Xbox Elite Series 2 controller design
An Xbox Elite Controller Series 2 in white



(Image credit: Nicholas Lugo)

The Xbox Elite Series 2 wireless controller looks like it’s getting a brand new color variant with a White Edition.

The Xbox Elite Wireless Controller Series 2 has so far only been available in its default black color scheme. But a short clip shared on Twitter (opens in new tab) by leaker Rebs Gaming shows off a new white edition in the flesh.

The clip starts by showing the premium Xbox Series X|S controller’s box. Next, we’re given a look at the controller itself, which wears a clean white-on-black coat.

All the usual Elite Controller bells and whistles are accounted for. That includes the carry case, swappable analog sticks and customizable back paddle buttons. It looks like the genuine article, though we’ve heard nothing from Microsoft to confirm if or when the pad will actually be released.

A sign of pads to come?

Leak: I think this is our first footage of the Xbox Elite Series 2 White Edition controller. A leaked image of the controller was shown by @IdleSloth84 back in March. Source: https://t.co/WfMCEk3FQv#Xbox #XboxOne #XboxSeriesX pic.twitter.com/t97qbaNPCuAugust 8, 2022

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Okay, sure, the White Edition isn’t exactly the most daring design Microsoft could’ve chosen for its Elite pad. But it’s nonetheless eye-catching. I think that keeping certain parts of the controller black – like the sticks and grips – is a smart aesthetic choice. They contrast really nicely with the white center.

The Elite Series 2 is an excellent controller. But it’s lacking the one thing that the regular Xbox Wireless Controller has in abundance: color options. We’ve seen countless bold designs for the standard Xbox controller, including an eye-popping special edition for Forza Horizon 5 and a stunning hot pink design. But the Elite hasn’t really had the same treatment yet.

I hope that this new White Edition not only comes to market, but that it’s also a gateway for more ambitious designs for Xbox’s top pad. Seriously, a purple Elite pad would be an instant buy for me, and probably for many others, too.

Rhys Wood

Rhys is Hardware Writer for TechRadar Gaming, and while relatively fresh to the role, he’s been writing in a professional capacity for years. A Media, Writing and Production graduate, Rhys has prior experience creating written content for app developers, IT firms, toy sellers and the main TechRadar site. His true passions, though, lie in video games, TV, audio and home entertainment. When Rhys isn’t on the clock, you’ll usually find him logged into Final Fantasy 14, Halo Infinite or Sea of Thieves.

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Street Fighter 6 is bringing the ‘80s (and feet) back

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Street Fighter 6 is bringing the ‘80s (and feet) back

Here come some new challengers. At the end of EVO 2022’s Street Fighter V tournament, Capcom revealed two more characters coming to the roster of Street Fighter 6: Juri, the “I can fix her” returning fighter, and newcomer Kimberly, an ‘80s-obsessed teen.

Kimberly, the spunky new ninja, and Juri, the sadistic thrill-seeker, join #StreetFighter6 when it arrives in 2023! Spray cans, a portable cassette player, and motorcyles have never looked more fresh. ️ pic.twitter.com/Lnw87p27aP

— Street Fighter (@StreetFighter) August 8, 2022

Student of Guy and successor to the bushinryu tradition, Kimberly is spunky and colorful with an affinity for spray painting her enemies midmatch. Though Kimberly is a teenager and Street Fighter 6 seems to be set in the current day, she’s enamored with all things ‘80s, carrying around a cassette player that some younger players probably won’t even recognize.

It’s like Capcom is aware that, in addition to its younger audience, there’s a certain subset of older Street Fighter players rising from their creaking knees and aching back looking at the ‘80s with fondness. In that way, Kimberly is a send-up, a reminder of simpler times. In other ways, she’s a very rude reminder that those happy days are so far behind us now that current teenagers are adopting the aesthetic because it’s quaintly “retro.” Thanks, Capcom, for reminding me I’m old.

Accompanying Kimberly in the character reveal is Juri, a character first introduced in Street Fighter IV. Juri arrives in flashy style with an homage to the Akira slide that’s been having a moment lately, as it was also used to awesome effect in Jordan Peele’s Nope. Juri seems a bit edgier than Kimberly, stomping all over her enemies in bare feet emphasized in ways that would make Bob Odenkirk click “like.” It’s always neat when companies seemingly embrace the thirst players have for its characters.

We’ll get the chance to see more of Juri and Kimberly’s stories when Street Fighter 6 launches on Xbox, PC, and PlayStation in 2023.

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