Global law firm Norton Rose Fulbright is pleased to announce that it has partnered with the Accord Project, the collaborative legal industry organization developing open source smart legal contract technology.
The Accord Project has been created to connect key players in the world of smart contract technology, blockchain and legal tech companies in order to develop common standards for legal smart contracts. The project has been created by US-based legal tech pioneer Clause in association with IBM, R3, Hyperledger, and a number of other technical, standards and legal organizations.
Martin Scott, managing partner, Norton Rose Fulbright Europe Middle East and Asia, comments:
“We are delighted to be a part of this pioneering project and this collaboration represents another step in our commitment to exploring technological solutions that will benefit our clients and their businesses. We recognise that block chain technologies will increasingly impact the industries in which our clients operate. Our partnership with Accord will allow us to establish robust standards for the use of smart contracts, and drive process efficiencies as part of how we deliver legal services generally.”
Peter Hunn, co-director, Accord Project, said:
“We are delighted Norton Rose Fulbright has joined the Accord Project. Law firms are drawn to using the industry standard for smart legal contracts, bolstered by the technology partnerships the Project has in place.”
Norton Rose Fulbright has a number of initiatives in place as it continues its drive towards innovation, growth and client value. In 2016 the firm established a Legal Process Hub in Newcastle upon Tyne, which delivers legal process efficiencies and trials the use of new innovative legal technology.
For more information please contact:
Heledd Phelps Brown, Head of PR
Tel +44 20 7444 2890; Mob: +44 77 0297 1352
Notes for editors:
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.
Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.
Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.