Global law firm Baker McKenzie has launched a £100k fintech counsel fund today (11 April) to provide legal support to three ‘up and coming’ fintech companies over a six-month period.
In addition to having access to Baker’s business professionals and resources, the three fintechs will receive discounted fee and alternative fee arrangements.
Sue McLean, a Baker McKenzie fintech partner, said:“During this year’s UK Fintech Week, we have been celebrating the UK’s key role as a global hub for fintech and recognising the world-leading fintechs founded here in the UK. Given our experience working with some of the world’s most influential fintechs, we are very keen to share our experience and support the next generation of UK fintechs to accelerate their businesses. We recognise how important it is to have the right legal advice early on to ensure that a fintech business is set-up for success.”
Successful applicants will be chosen by a judging panel of industry experts including fintech leaders from Revolut, Checkout, Anthemis and Salesforce and invited to present their business at a pitch event in July 2022.
You can find more information about Baker McKenzie’s Fintech Counsel Fund here.
Baker McKenzie already has a light touch startup programme for legal technology startups.
Other law firms to launch fintech funds include Simmons & Simmons, which announced in September 2018 that it had set aside £100,000 to help four fintech businesses. Slaughter and May has a fintech incubator called Fast Forward that support emerging tech and offers participants up to £30,000 in value add services.