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Stroock Becomes Charter Member of Legal Center of Excellence, a New Global Platform for Studying Developments in FinTech and Blockchain

Intellectual property & technology partner Ian DiBernardo and corporate partner Christopher Doyle lead participation by Stroock’s FinTech practice in the up-close view of how banks and financial institutions are handling blockchain

NEW YORK  (February 23, 2018) – Stroock has become one of a handful of law firms to join a new global legal initiative, the Legal Center of Excellence, which was created to study and share understanding of developments in the rapidly changing blockchain space.

New York partners Ian DiBernardo (intellectual property & technology) and Christopher Doyle (corporate) are leading Stroock’s participation in the Legal Center of Excellence (LCoE), a reflection of the firm’s strong commitment to its FinTech practice and to staying abreast of how blockchain technology is impacting financial services and transactions across the financial industry.

The LCoE was established by R3, a London-, New York and Singapore-based enterprise software firm that is working with over 200 institutions to develop applications on its blockchain platform, Corda.

In its announcement of LCoE’s creation, R3 confirmed that it would be “a platform for the global legal community to get the latest updates and share best practices regarding blockchain technology.”

It continued that the LCoE and its principle of collaboration and sharing among members “will ensure that law practitioners have a strong understanding of the technology and are optimally equipped to advise their clients on new and emerging legal and regulatory issues associated with blockchain.”

Mr. DiBernardo, co-chair of Stroock’s Intellectual Property & Technology Group, said, “Our goal is to be a leader in advising clients on all legal aspects of blockchain. The industry is rapidly evolving, and clients will demand that their legal counsel stay abreast of both legal and technological changes. Becoming one of the first firms in the door at the Legal Center of Excellence will help us stay ahead of the curve in addressing these changes.”

Mr. Doyle, co-chair of Stroock’s Corporate Group, added, “Being able to network and build relationships with financial institutions via the LCoE will allow Stroock to learn directly from the source how financial services firms are using blockchain. This is an ‘inside track’ to which we would have not so clear an access without the LCoE. When we heard about what R3 wanted to do, we knew it would be to our and our clients’ benefit to be in on the ground floor.”

Our team’s extensive experience working with financial services firms, coupled with its expertise in intellectual property law and technology transactions, allows us to help clients operate seamlessly in the financial technology space.

Stroock provides strategic transactional, regulatory and litigation advice to advance the business objectives of leading financial institutions, multinational corporations and entrepreneurial businesses in the U.S. and globally. With a rich history dating back 140 years, the firm has offices in New York, Los Angeles, Miami and Washington, D.C.