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New tech business unit at Cleary rare among Wall Street law firms

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Cleary Gottlieb Steen & Hamilton offices in Washington, D.C. REUTERS/Andrew Kelly

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  • Cleary officially launched ClearyX, which will deliver tech-driven legal services to clients
  • Other Wall Street law firms that have avoided innovation projects could make similar moves

(Reuters) – Cleary Gottlieb Steen & Hamilton’s new technology-driven legal services business venture could inspire other Wall Street law firms that have not started such projects to follow suit, according to industry experts.

New York-founded Cleary on Thursday said it formally launched ClearyX, which it said will use technology and creative staffing and pricing arrangements to develop new ways of delivering legal services for clients, focused on transactional work.

Law firms in recent years have experimented with new tech-focused products and services to streamline work done by their own lawyers and develop software…

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