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As reported last month in The Global Legal Post, top Wall St law firms are planing to collaborate with the Financial Services Information Sharing and Analysis Centre (FSISAC), a banking group. However, the FSISAC is a banking group and cannot directly accept law firms. The law firm group will need to set up another structure - and might do this through the International Legal Technology Association. It is hoped to have the new arrangement in place for this summer.
Sullivan & Cromwell
The first law firms to consider the planned co-operation moves with FSISAC were US firms. A more recent development is the naming of the two-London based practices in connection with the scheme. US firms which are said to be working on the project include Sullivan & Cromwell, Paul Weiss Rifkind Wharton & Garrison and Debevoise & Plimpton. Source: Legal Business
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