One-Stop Solutions: Reynen Court provides law firms with a full array of tech services
August 28, 2019
2 min read
What's going on here?
Reynen Court, a startup whose rise in 2018 was kickstarted by a group of 19 law firms, has now been granted non-exclusive distribution rights with over 90 external tech providers. Reynen Court describes themselves as a “one-stop” tech solution for the legal industry and distributes popular AI and other tech apparatus chosen by law firms worldwide.
What does this mean?
Reynen Court aims to assist law firms in effectively deploying complex technological applications. According to its CEO, Andrew Klein, it does so by serving two key functionalities. Firstly, it provides an app store where products are available for purchase. Secondly, it supplies law firms with an operating system to get the apps deployed and managed on their private cloud.
The platform includes providers offering services such as “Elevate”, a document search and analysis tool that can identify and organise large sets of contracts. These services available on Reynen court tend to focus on improving areas such as data security and legal document analysis, as well as management of documents, IT, billing and transactions.
Reynen Court will first launch its platform for a select list of backers before it launches it to the public. Its consortium of private backers include firms such as Clifford Chance, Latham and Watkins, Paul Weiss, White and Case, Linklaters, and Orrick.
What's the big picture effect?
The Vice President for Elevate believes that having an “app store” for legal tech will vastly increase the use of technological solutions in law firms. Without a centralised platform offering numerous services for law firms, the adoption and implementation of services are more laborious and time-consuming. With Reynen Court, it is just a matter of downloading services!
Reynen Court is also making the implementation of software easier by creating a “protected environment” and avoiding third-party systems deemed “insecure”. The platform assures firms that they will never have access to their computing environment or data, unless explicitly authorised by them. By setting these common standards for all their services, law firms who move to Reynen Court can expect to save money and time. Reynen Court’s promise on secure data practises is an additional benefit for firms who have to be increasingly vigilant about cybersecurity and protecting client data.
While Reynen Court has met unprecedented success over the past year, the platform also has its fair share of critics. Some have raised doubts over the make-up of the group, arguing that the strong influence of American firms has left out many UK-based firms. In addition, some sources criticise the “universal” approach that the platform strives for, asserting the difficulty of a single solution for firms who serve different functions. Nonetheless, Reynen Court promises that its services are easily configurable to the firm’s infrastructure and organisation once deployed.
As the consortium of firms begins to adopt Reynen Court’s services properly, we will witness whether or not Reynen Court will genuinely be able to fulfil their aim of accelerating the adoption of technology in the legal industry. If they are successful, the legal sector may see fundamental improvements in the costs and quality of services for the benefit of firms, clients and industry as a whole.
Report written by Lina Jeffcock
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