Reynen Court Inc., the legal technology platform supported by a consortium of twenty of the largest international law firms, announced that twenty corporate law departments are now also collaborating with the fast-growing company.
Half of the participants are large, global financial institutions, including Barclays, BNP Paribas, Morgan Stanley and UBS. The remainder of the group represent a cross section of the world’s most influential companies, including Cisco and Intel (and two other of the top twenty US technology companies measured by market capitalization) as well as leaders in telecommunications, travel, media, manufacturing and other important sectors.
The new group has come together as a separate consortium that will meet regularly with Reynen Court as well as from time to time jointly with Reynen Court’s law firm consortium. The stated aim for the second collaboration body is identical to that of the initial group: to advance the development of standards designed to speed the legal industry’s adoption of Artificial Intelligence, Smart Contracts and other new technologies.
“We are driven by the opportunity to establish clear standards for the legal technology sector,” commented Reynen Court founder and CEO Andrew D. Klein. “Since the legal services market is triangular – defined by law firms, legal departments and … … weiterlesen →