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A modest Brighton legal practice is challenging one of Britain’s largest retail banks in a $20 million (£14.75m) High Court confrontation, utilizing artificial intelligence to reduce expenses and take on legal giants.
Helix Law is advocating for US software firm Arkeyo LLC in its lawsuit against Metro Bank, accused of violating copyright and licensing agreements related to the bank’s in-branch coin counting devices, referred to as ‘Magic Money Machines’. Metro Bank has hired City firm Eversheds Sutherland to represent it in the litigation, with the following hearing scheduled for 17 September.
Alex Cook, partner at Helix Law, remarked that the case signifies a significant turning point for smaller firms.
“By violating their contract with our client, Metro Bank has not only inflicted financial harm but has severely tarnished its own image and trust among its clientele,” he stated. “More generally, we view this as a David and Goliath scenario for our sector. Standing up to a major retail bank on behalf of a considerably smaller client demonstrates what is achievable when you merge legal acumen with cutting-edge technology.”
Arkeyo claims that Metro Bank duplicated its coin-counting technology without consent once their collaboration, which lasted from 2010 to 2016, concluded. Helix Law is also seeking mediation later this year.
Helix Law asserts that it has accelerated the case thanks to technology that reduced disclosed costs from an initial estimate of £350,000 to £100,000 – a small fraction of the £557,000 projected by Metro Bank’s legal representatives.
“The financial savings are revolutionary,” Cook remarked. “They have allowed a small software company to persist in its battle against a much larger adversary. As an independent firm, we recognize how difficult accessing this form of justice can be.”
Helix estimates that its methodology typically saves clients up to 60 percent on similar cases by employing legal AI tools and additional technologies that are not yet mainstream among larger firms. These systems can swiftly process extensive document sets and court bundles, pinpointing deficiencies and irregularities that would typically require large review teams.
Cook continued: “During our disclosure review, we discovered deficiencies in Metro Bank’s submissions, which will be debated in the High Court later this year. Without our advanced software, or an extensive legal team, this may have gone unnoticed.”
He indicated that traditional law firms have been hesitant to embrace similar tools due to the repercussions on billing structures. “But change is on the horizon,” he asserted, “and smaller firms are leading the way.”
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