Clifford Chance and Latham & Watkins-backed Reynen Court revamps legaltech platform
Legaltech company Reynen Court has launched a new version of its app store platform that allows law firms and in-house teams to more easily access and manage third-party software applications without stressing their own IT infrastructure.
Reynen Court’s new full-service platform adds to its existing self-managed platform, where users provide their own infrastructure to host the platform and manage all third-party applications in-house. The company – which is backed by law firms including Clifford Chance, Latham & Watkins and Orrick – said the new platform makes it easier for firms and legal departments to source, test and adopt cloud-based legal technology.
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Top 10 legal technology trends in 2021
With COVID forcing lawyers to move virtually overnight, these trends show no signs of abating.
Legal technology has been evolving for many years, but the past 12 months have seen exponential growth in adoption. While some lawyers and firms were tech-savvy and innovative pre-COVID, the pandemic forced the rest of the legal profession to innovate by necessity. Firms shuttered their offices, paper documents were out of reach, and the justice system moved to virtual proceedings overnight.
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New dispute rules envisage direct-to-blockchain enforcement of arbitral decisions
A new digital dispute resolution procedure allows businesses around the world entering into cryptoasset transactions or smart contracts to empower arbitrators to directly apply legal remedies to the underlying blockchain in the event of a dispute in relation to those digital assets.
David McIlwaine of Pinsent Masons, the law firm behind Out-Law, who specialises in technology disputes resolution, said the procedure “offers businesses a cost-effective and certain route through which to ensure the outcome of disputes over digital assets is enforced”.
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Bucerius Legal Tech Essentials 2021
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