29 April 2017
Find out more

Law firm offers free legal services to London fintech startups

31 October 2016  |  7312 views  |  0 Team meeting

Top law firm Slaughter and May is looking to build relationships within the UK fintech scene by giving 10 startups free legal services worth tens of thousands of pounds.

Next month the London-based giant will open the doors to its first Fintech Fast Forward programme, inviting applications from startups in areas such as insurtech, regtech, datatech and distributed ledger technology.

A consultative panel of experts including Santander's chief customer and innovation officer for the UK, Sigga Sigurdardottir, and former Autonomy chief Mike Lynch, will pick up to 10 firms to join the programme.

Each business accepted will be eligible to receive £30,000 of value add services such as legal advice and guidance from experts at the firm, access to model legal documentation, as well as network access and tailored one-to-one coaching on topics such as pitching, presentations, people management, communications and negotiation.

Slaughter and May isn't the first law firm working to build relationships with fintech startups that could one day become unicorns and valuable clients. In May Simmons & Simmons set aside £100,000 a year to provide free legal advice to three or four young companies in the sector.

Rob Sumroy, partner, Slaughter and May, says: "A number of the firm’s most active clients first came to us as promising entrepreneurs and we hope that many of the entrants to this programme will have the potential to go as far."
KeywordsLEGAL

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

London law firm sets up fintech fund to provide free legal advice to startups

London law firm sets up fintech fund to provide free legal advice to startups

27 May 2016  |  14519 views  |  0 comments | 28 tweets | 13 linkedin

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7834 views comments | 16 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7040 views comments | 17 tweets | 16 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6155 views comments | 22 tweets | 21 linkedin
JPMorgan formally quits R3JPMorgan formally quits R3
6052 views comments | 23 tweets | 14 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5970 views comments | 20 tweets | 20 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job