Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A consortium of some of the world’s largest law firms, including Clifford Chance, has committed itself to developing a common technology platform for e-commerce products in a ground-breaking move in legal technology.The bid, first revealed by Legal Week in February, commits the consortium firms to developing a common standard for electronic dealrooms and other transaction-driven online products (Legal Week 1 February 2001).Firms involved include CC, Wachtell Lipton Rosen & Katz, Skadden Arps Slate Meagher & Flom, Orrick Herrington & Sutcliffe, Morgan Lewis and Bockius and Wilson Sonsini Goodrich & Rosati in a group of more than 40 firms.The venture also has the support of a major legal publisher, Lexis-Nexis, which stands to gain ground over its rival, West Group, if the platform becomes a true industry standard.The move is a victory for CC, whose chief knowledge officer Paul Greenwood was one of the prime movers behind the venture, along with Brobecks partner Richard Harroch.The common technology platform has been launched under the banner of Harroch’s legal dotcom, LawCommerce.com, which is regarded as neutral ground by about 40 major US law firms that have signed up for its services.The move represents a considerable coup for the consortium, given that many of the firms involved were last year engaged in what one senior observer called an ‘arms race’ over the development of deal-rooms and other extranet services.It follows the failure of efforts last year to get the UK’s magic circle, led by Allen & Overy, to agree on a common technology platform.Commenting on the move, Greenwood said: “There is a real need for a standard in the area. The answer is clear – collaboration among technologically advanced and progressive firms to develop a solution.”

This premium content is reserved for
Legal Week Subscribers.


  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651


Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 American Lawyer Media International, LLC. All Rights Reserved.