Clifford Chance to co-chair consortium to launch Reynen Court
4 October 2018
Clifford Chance to co-chair consortium to launch Reynen Court
Reynen Court LLC, a technology startup building a services automation platform for the legal industry, has assembled a group of leading global law firms who will participate in a consortium to advise on the development of the platform. The consortium will be co-chaired by Clifford Chance LLP and Latham & Watkins LLP.
The company is building a services automation platform designed to assist law firms in deploying heavy computing applications efficiently and securely. Reynen Court is in late-stage talks with a number of application vendors to make their solutions available to law firms through the platform. Initial vendors will provide contract analysis, discovery, compliance, and practice management technologies.
Reynen Court aims to facilitate law firms to manage the implementation of software applications while maintaining a secure hosting and storage solution for all firm and client content. By setting common standards for how lawyers interact with applications, as well as how data is managed, the platform intends to help firms save time and money in certifying and deploying new applications. Vendors can also save time and money building applications that can be readily adopted by firms.
Paul Greenwood, Chief Information Officer at Clifford Chance, said: “Our Innovation and Best Delivery strategy is all about responding to our clients’ needs with the best mix of our people, technology, and processes for each task. To ensure we are continually delivering the best outcomes in the most efficient way, we invest in smart technology and apply our extensive legal expertise. However, as the number of technologies and their adoption grows, to remain efficient and secure they need to be managed and integrated smoothly and carefully. Reynen Court's innovative platform will aim to bring an industry standard to the legal sector and we are pleased to be partnering on this exciting and forward-thinking project.”
The consortium firms include: Clifford Chance (co-chair); Latham & Watkins (co-chair); Paul Weiss (vice chair); Covington; Cravath, Swaine & Moore; Freshfields Bruckhaus Deringer; Gibson Dunn; Linklaters; Orrick; Ropes & Gray; Skadden Arps; and White & Case.
To read more about this announcement please see the full press release here.