A new legal engineering firm has launched called Reynen Court, which will be supported by Clifford Chance and Latham & Watkins
US-based Reynen Court says it is ‘a technology startup building a services automation platform for the legal industry’.
In short – the legal engineering world just got a little more intense and competitive.
It 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 Latham & Watkins LLP and Clifford Chance LLP.
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.
Reynen Court is also 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.
The company has successfully completed an initial funding round from Prins H LLC, an affiliate of Reynen Court’s founder and CEO, Andrew D. Klein, a serial Internet entrepreneur and former Cravath, Swaine & Moore associate.
The consortium firms also includes: Paul Weiss (vice chair); Covington; Cravath, Swaine & Moore; Freshfields Bruckhaus Deringer; Gibson Dunn; Linklaters; Orrick; Ropes & Gray; Skadden Arps; and White & Case.
Klein said: ‘We are dedicated to enabling major law firms to accelerate adoption of artificial intelligence, smart contracts, and other new technologies. The consortium is a brain trust of some of the most forward-thinking and bold firms on both sides of the Atlantic who will bring deep expertise and first-hand knowledge to the design and development of our platform.’
Paul Greenwood, Chief Information Officer at Clifford Chance, added: ‘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,’ he concluded.