The 2015 Legal Tech Open Innovation Challenge began this week, and things are off to a great start so far!

Sponsored by Thomson Reuters and CodeX – The Stanford Center for Legal Informatics – and hosted by InnoCentive, this competition is an open call for legal professionals, programmers, entrepreneurs, data scientists and any other interested parties to develop new applications that improve the efficiency of the legal system by providing high-value analytics. The contest runs through Sept. 15, 2015.

In the video clip below, Karl Florida, managing director of the Small Law Firm business segment at Thomson Reuters, talks about Challenge, as well as Thomson Reuters involvement and how the company is continuing to focus on innovation.