Clyde & Co has become one of the first international law firm members of Singapore’s Future Law Innovation Programme (FLIP), a government-sponsored initiative aimed at assisting the legal community adapt to technological change and innovation. Membership in the programme is part of the firm’s commitment to innovation within the global legal sector.
Clyde & Co joins Singaporean firms Rajah & Tann and Dentons Rodyk & Davidson, as well as Linklaters as members of the programme, which is run by The Singapore Academy of Law, a government body.
Additional current FLIP participants include the in-house legal teams of media company Discovery Networks and French bank BNP Paribas, nine small and medium-sized Singapore law firms, and nine legal tech companies.
Launched in January of this year, FLIP is aimed at helping members to modernise their practices and build capacity for innovation, for example, looking at new revenue streams, new business models and new legal solutions, as well as exploring new ways of delivering legal services.
This partnership is the latest in a string of technology and innovation initiatives by Clyde & Co. In September 2017, the firm launched Clyde Code, an innovative new consultancy to advise insurers on all aspects of the burgeoning new area of smart contracts, blockchain and distributed ledger technologies.
Last year, lawyers from the firm provided legal workshops to start-ups in Startupbootcamp InsurTech London's 2017 cohort, and in the past six months we have partnered with insurtech initiatives Insurlab Germany and Hartford InsurTech Hub. In March 2018, the firm announced it was one of the founding law firm partners for new law-tech incubator Barclays Eagle Labs in London, while in April 2018, a team of partners from Clyde & Co led and mentored a team of law and business students from around the world in this year’s high profile 'LawWithoutWalls' global innovation programme.
Our involvement in FLIP is being spearheaded by Singapore partner and Global Innovation Board representative Leon Alexander.