Credit: Denizce/Shutterstock.comItalian Law Firm Enters Partnership with Fintech Association
Chiomenti will offer free legal advice to the association which counts almost a million clients among its member companies.
March 18, 2019 at 04:47 AM
2 minute read
Italian law firm Chiomenti has become the sole legal adviser to ItaliaFintech, an association of fintech companies operating across Italy and Europe.
The non-exclusive partnership means Chiomenti will offer free legal advice, which will include assessing the likely impact of legislative changes on the fintech sector.
Launched last year, ItaliaFintech represents 22 member companies with a total of almost one million clients in Europe, almost half of those in Italy.
The tie-up is the latest in a number of moves that have seen law firms partnering with legal technology companies across the globe to make inroads into the fintech and legaltech industries.
Alessandro Portolano, head of Chiomenti's financial regulation department and project manager of the partnership with ItaliaFintech, said: "I often say that fintech is dead… There is no such thing as a 'non-tech-fin', technology is ubiquitous in financial services nowadays and therefore legal advice is always necessary."
In the past few months, Slaughter & May financially backed AI company Luminance for the third time, and Clifford Chance and Latham & Watkins have joined a slew of other firms investing in tech venture Reynen Court.
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