Newswire

Reynen Court taps top legal talent to help reinvent IT procurement process
Global News

Reynen Court logoReynen Court LLC today announced that Martin H. Levenglick has joined to lead its efforts to revolutionize how law firms and corporate legal departments contract to buy legal technology. Mr. Levenglick will serve as Reynen Court's chief legal officer and head of corporate development.

Mr. Levenglick comes to Reynen Court after a distinguished career spanning four decades in private practice as a senior corporate and transactional lawyer based in New York, having principally focused his attention on advising early-stage and growth-oriented venture capital-backed companies, entrepreneurs and investors in all manner of corporate, finance and transactional matters (including venture capital, M&A and general corporate counseling). Mr. Levenglick began his career at O’Sullivan Graev & Karabell, a pre-eminent New York corporate and transactional boutique (now, O’Melveny & Myers). Later in his career he was a partner in the New York offices of two Bay Area firms, including in the New York office of the global law firm Orrick. Most recently he was a partner in VLP Law Group. He earned his undergraduate degree from McGill University and his law degree from New York University Law School.

Reynen Court was founded last year with wide support from a consortium of nineteen leading global law firms. The Amsterdam based start-up recently launched a Beta version of its ground-breaking platform designed to help firms and corporate legal departments speed their adoption of AI and other new technologies. More than 100 third party application vendors are already working to make their products available on the platform.

“In building our solution store for legal technology, we have been working closely with law firms and application vendors to devise a new contracting model, based on how contracts work in the derivatives industry, where a model contract generally serves as the basis for all agreements, and counter-parties then negotiate exceptions by schedules," commented Reynen Court founder and CEO Andrew D. Klein. "We could not be more excited to have an attorney as accomplished as Martin take forward our efforts in this critical area. We expect Martin will greatly accelerate our ability to take costs and time out of contracting for new legal technology. And his steady and experienced hand helping to guide us in future financing activities, the pursuit of strategic alliances and other key corporate and transactional opportunities will be enormously valuable as we continue to grow.”

Legal IT Today #27

Mr. Levenglick and Mr. Klein have worked together before. More than twenty years ago, while a partner at Orrick, Mr. Levenglick served as outside counsel to Mr. Klein's first technology company, Wit Capital, which pioneered the use of the Internet in raising capital. More recently, while a partner at VLP, Mr. Levenglick represented Reynen Court in its Series A financing led by Latham & Watkins and Clifford Chance.

“Over several decades I have watched with pride as a series of companies Andy created applied technology and innovation to take costs out of traditional business functions," added Mr. Levenglick. "With unprecedented backing of so many leading global law firms and influential technology vendors, Reynen Court has the potential to play a profound role in the modernization of the legal industry. I am thrilled to become a member of what by any measure is an extraordinary team."

 

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