A small Brighton law firm is taking on one of Britain’s biggest retail banks in a $20 million (£14.75m) High Court battle, using artificial intelligence to cut costs and challenge legal heavyweights.
Helix Law is representing US software provider Arkeyo LLC in its claim against Metro Bank, which is accused of breaching copyright and licensing agreements linked to the bank’s in-branch coin counting machines, known as ‘Magic Money Machines’. Metro Bank has instructed City firm Eversheds Sutherland to defend the case, with the next hearing set for 17 September.
Alex Cook, partner at Helix Law, said the case represented a pivotal moment for smaller firms.
“By breaching their agreement with our client, Metro Bank has not only caused financial damage, but severely damaged its own reputation and trust among its customers,” he said. “More widely, we see this as a David and Goliath moment for our industry. Taking on a major retail bank on behalf of a much smaller client shows what is possible when you combine legal expertise with the latest technology.”
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