Clifford Chance And Microsoft To Launch Joint Venture

Monday, January 31, 2011 - 01:00

Chance Clifford is targeting significant cost savings with the launch of a technology platform backed by Microsoft. The magic circle firm has been working with the technology giant, which is considering a concerted push into the global legal market, for several months.

It is mulling plans for a new document management system (DMS) based on Microsoft's SharePoint software suite of products, a package contained in Microsoft Office.

IT specialists claim the increased functionality of a SharePoint-based system, coupled with the savings derived from buying a one-off licence, could mark a seismic shift in the legal technology market.

Clifford Chance's deal with Microsoft is understood to involve the software company funding the development of the new platform in exchange for the kudos of working with the UK's largest law firm.

Clifford Chance US LLP has advised the U.S. Department of Energy's Loan Programs Office as 80 percent guarantor for a $1.3 billion loan finalized recently to help finance the construction of what will be the world's largest wind farm - the Caithness Shepherds Flat project - an 845-megawatt facility located in eastern Oregon. Clifford Chance's loan financing documentation work in support of DOE comes as part of a contract the firm won earlier this year to advise DOE on certain loan guarantee transactions.

Partner David Evans led a Clifford Chance U.S.-based Energy & Projects team that included associates Martin Hupka and Bryan Tollin.Partner Don Carden advised on tax-related matters.