Applications are now open for the incubator, which particularly targets three areas in the technology space: legaltech, which concerns the technology supporting legal advice, law firms, and in-house legal functions; regtech, which is technology supporting regulatory compliance; and dealtech, which concerns technologies that transform how companies and financial institutions conduct deals. Successful Fuse applicants will move into the firm’s headquarters in September.
Allen & Overy aims to have tech companies, its own lawyers, and technologists and their clients all interact in the space, which will be able to accommodate 60 people. Residents will be supported in creating products that solve real-life challenges faced by law firms and companies.
The launch of Fuse follows Allen & Overy’s launch of Aosphere, its online subscription business, and MarginMatrix, its digital derivatives compliance system.
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Allen & Overy wants tech start-ups to move into its London headquarters, as it launches Fuse, a tech incubator.