CMS FRANCIS LEFEBVRE CREATES SERVICE TO STARTUPS
Christophe Blondeau, partner of the CMS Bureau Francis Lefebvre, explains what is the FabLaw, a service offered by the law firm to early stage start-ups and young entrepreneurs.
What does CMS Bureau Francis Lefebvre?
CMS Bureau Francis Lefebvre was established in 1925 and gathers today more than 400 lawyers in France (Neuilly-sur-Seine, Lyon, Strasbourg, Algiers and Casablanca). It is a French law firm reputable for its expertise in tax, business law and employment. Since 2001, it has joined CMS, the leading network of lawyers in Europe with more than 71 offices in 40 countries and over 4,500 lawyers across the world.
CMS enlarged its international footprint establishing operations in Iran and Hong Kong in 2016. The firm opened three offices in Peru, Chile and Colombia in 2017 and more recently started operations in Singapore and Monaco. CMS is ranked 6th in the United Kingdom and also has a strong presence in Russia, China and Africa.
What is FabLaw and how it helps entrepreneurs?
FABLAW is a service dedicated to early stage start–ups, at competitive prices. The idea is to provide support in corporate, tax, commercial, intellectual property and social law for start-ups. Besides being more affordable, the service is led by a team of lawyers truly involved in helping young entrepreneurs.
Beside their work at FabLaw, these professionals work closely with incubators at top-ranking higher education establishments (Business schools) and deliver courses of entrepreneurship at HEC Entrepreneur, at the Law department of Dauphine or Centrale Supple.
FabLaw is available outside France?
FabLaw is a French initiative of CMS Bureau Francis Lefebvre. There are similar initiatives in countries such as the United Kingdom, Germany, Portugal, and also Central and Eastern Europe.
What are the trends in legal tech?
Data security is a very sensitive issue for law firms and the current process of data digitalization emphasizes the importance of security. New tools as algorithms are being developed to provide legal services. Some of them target the general public to facilitate access to legal information. Besides that, with the technological evolution, new softwares are being created to carry out tasks that were not necessarily done before. For instance, in CMS Network, we are testing tools for doing the due diligence of contracts.
At the same time, part of our activity is to select data to produce legal arguments. In the future, Artificial Intelligence (AI) should be able to produce extensive legal reasoning. Today it is possible for AI to predict the probability of winning a trial. Of course, such tools improve the analysis, but they do not necessarily replace a lawyer.
Today I do not see myself working without emails, computers and a cell phone. So technology is already present in our routine. It is up to us to seize the opportunities and technology assist the traditional work and add value to clients. The mastery of new technological tools can create a differential among legal firms in the future.
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