Thijs Lommen has practiced as a finance lawyer in domestic and international finance transactions since 1995. Before joining Clifford Chance as senior advisor he was a finance partner at a major Dutch law firm for many years.
Recently Thijs has been focusing on the development of automated standard finance and security documentation of banks. In 2015 he set up the CC Dr@ft team at Clifford Chance that focuses on online services that enable the automation of internal drafting processes for legal documentation of Clifford Chance's major banking and other clients in the Netherlands and elsewhere. One of his projects, a first on the continent, was shortlisted for the FT's Innovative Lawyers Awards.
Thijs is regularly acting as deputy judge at the district courts of Noord-Holland and Midden-Nederland.
- Thijs led the team that has developed a suite of automated credit- and security templates for a major Dutch financial institution. The project started in august 2016 with the development of 29 documents. With Clifford Chance Dr@ft, the client's contracting department is able to quickly generate high quality Dutch law governed credit- and security documents in Dutch or English for domestic and international operations.
- For one of the largest banks in the United Kingdom, Thijs has setup the structure and has developed the first phase for automated templates of a bilateral loan agreement and security documents to be used in connection therewith. The client has been using CC Dr@ft since 2017 and since then has been instructing Clifford Chance several times to further increase the scope of the automated templates.
- For one of the largest asset managers of the Netherlands managing assets of Dutch pension funds, Thijs led the team that developed a template for an automated asset management agreement through Clifford Chance Dr@ft platform. The client also makes use of the workflow functionality built into the system, enabling its users to efficiently review first drafts generated by their colleagues. Where traditionally the whole drafting process of the relevant agreements was done by external lawyers, the client now itself creates the first draft (which it can comfortably do with all legal checks and balances built into the system) and then submits that draft to its lawyers for review, thus considerably reducing costs and improving efficiency of the documentation process. The client has started using the service in 2016.
- Thijs led the team that developed an automated bilateral loan agreement with corresponding term sheet for a Dutch development bank. For its documentation the client, which is a state owned development bank, uses many building blocks relating to client protection principles and social and environmental requirements which formerly had to be added manually in the document with a high risk of human error. This risk has now been considerably reduced and first drafts of their documents have a higher quality, reducing also the time involved for internal review by different departments responsible for client protection principles and social and environmental requirements. Information entered for the purpose of the term sheet can be re-used when generating the loan agreement. The client started using Clifford Chance Dr@ft in July 2017.
- A major Dutch financial institution has been using Clifford Chance Dr@ft since 2015 for their bilateral, in-house drafted finance documentation. Following the client's corporate restructuring in 2016 Thijs has automated their revised credit and security documentation which is used by more than 2000 business users for all domestic and internal operations of the client's relating to bilateral for small- and medium-sized enterprises and mid market financing offered by the clients of the bank in the Netherlands. For their central Legal Department Thijs has developed automated versions of their ISDA documentation and multipurpose financing agreements (including options for overdraft, loan, real estate and project finance facilities).
- For a large global media company, Thijs is leading the team that develops automated templates for its internal funding projects and its employment agreements.
Artificial Intelligence and the Future for Legal Services
23 November 2017
Career and qualifications
- Leiden University (Dutch Law) 1987
- Assistant Professor at Leiden University 1990
- Admitted as an advocaat in Netherlands 1995
- NautaDutilh 1995
- Grotius (post-graduate education Corporate Finance and Securities) 1998 - 1999
- Judges' training programme, Training and Study Centre for the Judiciary 2001
- Judge at Haarlem District Court 2001
- NautaDutilh 2002
- Partner at NautaDutilh 2004
- Partner at Stek Advocaten 2014
- Joined Clifford Chance Amsterdam 2015
Awards and citations
- Identified in IFLR 1000 as leading lawyer for banking, in Legal 500 for real estate and in Chambers as key-individual for banking and finance.