Caravel Law is excited to announce that it has joined the Global Legal Blockchain Consortium (GLBC)
GLBC is a group comprised of more than 145 large companies, law firms, software companies, and universities dedicated to developing standards to govern the use of blockchain technology in the business of law.
“Our firm has a proud tradition of legal innovation over the past 14 years,” said Stuart Wood, Caravel Law’s CEO. “We believe blockchain technology has the potential to have a large impact on the legal landscape, and we’re happy to be part of the GLBC and to contribute to the discussion and explore new ways to better serve our clients.”
Caravel Law operates across Canada and assists companies in some of the most complex and fastest-changing industries with a wide range of legal needs. The firm has brought many new ideas to the Canadian legal market and has invested in technology to improve service and add value to its clients throughout its history.
“With innovation a core component of advancing the use of blockchain in the business and practice of law, a firm like Caravel is a great addition to the consortium. We welcome Caravel Law into the GLBC and we’re looking forward to their involvement,” said David Fisher, Director and Founder of the Global Legal Blockchain Consortium.
As Stuart Wood states, “We believe that the GLBC approach will help establish consistency and knowledge sharing to ensure faster adoption with benefits that are realized across the wider legal community. We look forward to being an active member of the group and putting that knowledge to work on initiatives that will benefit our clients.”
ABOUT CARAVEL LAW
Caravel not only believes in the importance of innovation and technology, but also in the significance of client service, exemplified by being the first law firm in Canada to have a Director of Client Happiness, the first law firm in Canada to introduce Net Promoter Surveys (NPS) and the first to embrace a Value Based Billing Model. As traditional law firms are getting smaller and struggling to stay relevant, Caravel’s novel approach has meant that it has consistently ranked as one of the fastest growing businesses in Canada.
The GLBC is comprised of more than 145 large companies, law firms, software companies, and universities that have joined together to develop standards to govern the use of blockchain technology in the business of law. The consortium focuses on a range of issues, including data integrity, authenticity, security, and privacy for contracts and documents, interoperability between corporate legal departments and law firms, and productivity improvements in the operation of legal departments and law firms.
For more information about the GLBC, visit legalconsortium.org.