find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Law firm to ‘revolutionise’ construction industry

Law firm to ‘revolutionise’ construction industry

Construction industry

A start-up law firm says it has come up with a revolutionary solution which will mitigate the risks of thousands of construction businesses failing each year.

Helix Legal has told Lawyers Weekly that it has partnered with Brisbane-based data intelligence firm, Kapiche, to develop a Security of Payment Platform (SoPP) to better equip subcontractors with information about the industry and construction companies to ultimately make more informed decisions.

With “thousands on construction businesses” failing each year, the platform aims to assist subcontractors who face financial loss and need help in navigating their way to recovery, the firm said.

Janelle Kerrisk, joint founder of Helix Legal, said SoPP will work to empower Queensland businesses, particularly small operations that don’t have the large legal budgets to make better decisions with the help of good data.

“Informed decision-making sounds simple. However, in the construction industry completing research and finding information on companies you might be looking to do business with is very challenging and time consuming. The Security of Payment Platform has been designed as a cloud-based hub of aggregate data on construction companies,” Ms Kerrisk said.

“Many subcontractors are unaware of their legal rights or pitfalls of their contract until it’s too late. Our online platform allows subbies to do targeted searches and see easy-to-digest information about industry players to inform every day commercial decisions.

“Ultimately, this will help to avoid bad contracts, gain clout in negotiations, and resolve problems quickly.”

Ms Kerrisk said the platform will work to combat a large part of the “dysfunction” within the construction industry, which she described as a result of not effectively managing and leveraging information.

“Having a clear picture about who you are going into business with before tendering or signing a contract should be simple and quick. However, until now, achieving an in-depth level of knowledge has been almost impossible for the masses,” Mr Kerrisk said.

“Unpaid subcontractors left in the dark is not a new problem. However, SoPP brings a new solution to the industry.”

Kapiche founder Ryan Stuart echoed this sentiment, noting that the development of the SoPP as a “customised and industry-specific adaptation” of the world's first data intelligence tool would create a “more transparent and reliable construction industry”.

“One of the biggest technology questions facing organisations right now is how to utilise the data they’ve collected to improve their business. What makes this difficult is more than 80 per cent of the world’s data is unstructured, such as emails, documents, books and even tweets. Our technology allows researchers and companies to approach and analyse this data quickly and effectively to improve organisational decision-making,” Mr Stuart added.

“SoPP is a digital platform for the construction industry to help subcontractors gain insight to make better contracting decisions. SoPP utilises data intelligence technology to bring industry understanding, based on real-life reputable information, to the industry.

“The platform collates data from a range of sources and brings it into a single-look dashboard. It reports on key themes, trends and behaviours. It makes targeted analysis and precise searching possible. All of which leads to better contracting decisions.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Law firm to ‘revolutionise’ construction industry
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, ALA, right-to-die law
Oct 24 2017
‘Right-to-die’ laws would be a relief for terminally ill: ALA
The passage of an assisted dying bill through the lower house of Victorian Parliament has been haile...
Diversity
Oct 24 2017
Diversity top of agenda for future WA Law Society president
The advancement of diversity in the Western Australian legal profession will be one of the key items...
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...