Magic circle law firm Linklaters has become the 25th global law firm to sign-up as a member of Reynen Court. Members pay an annual fee for access to the app store for legal technology, which in year one gives them unlimited use of the platform. In year two, the amount of the annual fee goes up based on usage.
Members use Reynen Court to accelerate the process of discovering, evaluating and buying ‘containerized’ software products as well as software-as-a-service offerings. They can test drive applications and buy licenses on the platform, or use the platform to negotiate with application vendors. You can find a list of all the participating vendors on the home page.
“Since our inception, a consortium of leading law firms has supported our vision that a standards-based platform could speed adoption of cloud-based technology across the legal industry,” said Reynen Court founder Andrew Klein. “We are proud to now report a milestone that clearly reflects how well we are delivering. And we are thrilled to announce that it is Linklaters, a hugely respected leader in both the law practice and innovation spheres, that takes the number of large law firm subscribers to twenty-five.
Greg Baker, global head of practice innovation at Linklaters, said: “Reynen Court’s Solution Store is a fantastic resource to complement our technology and legaltech market intelligence teams, plus the platform gives us flexibility in where and how we demo, pilot, and ultimately deploy technology solutions. Reynen Court is an important part of our delivery capability, and I’m really excited by the opportunities ahead.”
“As a Reynen Court investor and early adopter, we welcome Linklaters to an extraordinary community of legal organizations and solution vendors on the platform,” added Paul Greenwood, CIO at fellow Magic Circle firm Clifford Chance. “We can certainly attest to the power of the platform to take time and cost out of innovation activities. For example, we recently deployed a new AI solution – Language Weaver – to our lawyers in twelve days, which is rather impressive if you consider similar projects historically have taken several quarters or longer to get to that stage.”
While over 150 software vendors are under contract to participate on the Reynen Court platform and be featured in the solution store, so far, twenty-one products have completed the technical-integration process and met the testing requirements for full-automated, on-platform deployment to platform users’ private clouds. Reynen Court says that there are another dozen products in the late stages of that on-boarding process.