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ClearyX Announces Advisory Board

Cleary Gottlieb officially launched ClearyX, its platform for highly efficient AI and data-driven legal services, in June, and it has now announced its roster of Advisory Board members.

The Advisory Board includes:

  • Iké Adeyemi, Vice President – Corporate Secretary & Associate General Counsel, The Clorox Company
  • Jeremiah Gordon, General Counsel and Chief Compliance Officer, CapitalG LP
  • Adam Korn, Chief Information Officer, Sixth Street Partners LLC
  • Tim Lee, SVP, Corporate Development, iCapital, Inc.
  • Youngro Lee, EVP / Head of Asia, Republic
  • Anna Makanju, Head of Public Policy, OpenAI, L.L.C.
  • Arek Sycz, Head of Transactions Group, Cascade Asset Management Company
  • Rebecca Tabb, Senior Counsel, Sovereign Wealth Fund

ClearyX is a tech-forward platform dedicated to reimagining how legal services can be delivered. By drawing on the insights and experience of these legal and business leaders, ClearyX’s services will closely align with client needs to address a broad range of issues.

“Following on the heels of our successful launch earlier this year, it’s exciting to reach another milestone in the life of ClearyX with the establishment of our Advisory Board,” said Cleary Managing Partner Michael Gerstenzang. “We are honored to have such an accomplished group of individuals, who bring great diversity of experience and perspectives, collaborating with us on this new venture. It is a testament not only to the progress ClearyX has already made in building efficient, tech-enabled products and services to assist clients, but also to the critical role that technology and innovation are playing and will continue to play in the legal industry.”

“At ClearyX, we are continuously working to deliver the highest-quality client service, create efficiencies and explore new ways of working that solve problems for the users of legal services,” said ClearyX CEO Carla Swansburg. “Our Advisory Board members are some of the most sophisticated consumers of legal services in the world, and we are so grateful to be able to work with them directly and learn from their experience. We want to make sure we are ‘walking the walk’ in terms of benefiting from outside voices. Our Advisory Board will be an extraordinary resource for gathering stakeholder feedback that we can then put into practice as we move ClearyX forward.”

ClearyX uses innovative combinations of people, process and project-management discipline, augmented by a range of technologies, to identify new ways to improve client experience, value and outcomes. The team is comprised of experienced legal innovators and technologists, project managers and legally trained analysts, as well as transactional subject-matter experts who understand the context in which Cleary and its clients work. ClearyX is led by CEO Carla Swansburg. Before joining ClearyX, she was Vice President and General Manager at Epiq, a global legal services company focused on e-discovery information management, legal operations, and technology. ClearyX builds on Cleary’s long history of fostering innovation and delivering value to clients, including through the firm’s distinct, successful Discovery and Litigation Technology group led by Christian Mahoney.

“It’s a pleasure to join the ClearyX Advisory Board and support the innovative work of ClearyX,” said Advisory Board member Youngro Lee, who is the EVP / Head of Asia for Republic. “We have a unique opportunity to bring together professionals from diverse backgrounds to help guide Carla and her team. It’s an exciting development for the legal profession.”

ClearyX CEO Carla Swansburg Named Among Canadian Lawyer’s Top 25 Most Influential Lawyers 2022

ClearyX CEO Carla Swansburg has been named among Canadian Lawyer’s Top 25 Most Influential Lawyers for 2022.

Carla was recognized for her recent work leading ClearyX, which officially launched in June. The new platform is designed to reimagine how legal services can be delivered by using innovative combinations of people, process and project-management discipline, augmented by a range of technologies.

Inclusion in the Top 25 is a reflection of a lawyer’s “efforts to influence public opinion, help shape the law, contribute to the strength and quality of legal services, or have an impact within the justice community or government.”

Learn more about Canadian Lawyer’s Top 25 Most Influential Lawyers 2022 here.

Cleary Gottlieb Launches ClearyX, A Platform for Highly Efficient, AI and Data-Driven Legal Services

New York, NY – June 23, 2022 – Cleary Gottlieb Steen & Hamilton LLP announced today the official launch of ClearyX, a new platform designed to reimagine how legal services can be delivered using innovative combinations of people, process and project-management discipline, augmented by a range of technologies.

“Technology is a major force in our competitive landscape, and it’s critical that we embrace it. For a number of months, we’ve been developing the ClearyX strategy, assembling the team and building the technical platform in preparation for our launch today,” said Cleary Managing Partner Michael Gerstenzang. “ClearyX builds on our firm’s long history of fostering innovation and delivering value to clients, including developing our incredibly successful Discovery and Litigation Technology group. We couldn’t be more excited to engage with clients about this new platform and add ClearyX’s efficient, tech-enabled products and services to our offering.”

ClearyX operates as a wholly-owned business unit within Cleary, with its own management team and strategy. Its mandate is to explore the use of existing and emerging legal technologies and act as an incubator for new products, processes and services that can improve client experiences and increase efficiency through flexible business models and pricing. Another aspect of its mandate is to consider select investments in legal technologies such as Cleary’s investment in 10BE5, a platform founded by a Cleary alumnus and a current Cleary associate that automates the drafting of capital markets disclosures and related processes.

ClearyX is led by CEO Carla Swansburg, who joined in September 2021. Before joining ClearyX, Carla was Vice President and General Manager at Epiq, a global legal services company focused on e-discovery information management, legal operations and technology. At Epiq, Carla led all aspects of the company’s Canadian business and helped establish its presence in Latin America. Prior to Epiq, Carla served as the chief innovation officer at a leading Canadian law firm and led the litigation team at one of Canada’s largest banks.

“We use technology anywhere it makes us better, faster and more accurate, but our work is always led by humans,” said Carla Swansburg. “The secret sauce of our ClearyX platform is a combination of access to – and the support of – one of the world’s leading law firms, and our relentless focus on high-quality, consistent work product, combined with dedicated, highly trained people leveraging a range of technology. We constantly strive to improve client service, create efficiencies, lower costs and creatively explore new ways of working.”

The ClearyX team is comprised of experienced legal innovators and technologists, project managers and legally trained analysts, as well as transactional subject-matter experts who understand the context in which Cleary and its clients work. The team, which is based in the U.S. and Canada, is focused on growth, particularly in the UK to support Cleary’s global offices and clients.

During the pre-launch pilot and development period over the last year, ClearyX has focused on M&A transactions, initially supporting and streamlining the due diligence process. The ClearyX team has successfully supported numerous deals, demonstrating it can consistently produce high quality, efficient work product. Future projects will focus on other transactional areas including private funds/private equity, real estate, capital markets, debt finance, antitrust and others.

The ClearyX team is also designing document automation products, including a prototype for automating the drafting of confidentiality and non-disclosure agreements, as well as programmatic approaches to managing high volumes of recurring transactions, and aspects of contract lifecycle management, among others.

The ClearyX leadership team works closely with an Operating Committee within Cleary, which includes Managing Partner Michael Gerstenzang and Chief Legal Operations Officer Rebecca Ross-Bown.

In addition, ClearyX will have an advisory board of legal and business leaders from a range of industries. The board will be focused on ensuring ClearyX’s services closely align with client imperatives, and solve a broad range of the problems faced in legal work.

Contact info:

Shannon Lynch
Senior PR Manager, Cleary Gottlieb
slynch@cgsh.com

212.225.3473

Carla Swansburg
CEO, ClearyX
cswansburg@cgsh.com
647.971.9677

ClearyX Contacts:

ClearyX Contact Email: ContactClearyX@cgsh.com
Website: https://clearyx.legal/
LinkedIn: https://www.linkedin.com/company/clearyx
Twitter: https://twitter.com/clearyxlega

Cleary-Backed 10BE5 Gets Undisclosed Pre-Seed Extension

A legal technology startup founded by two lawyers from Cleary Gottlieb Steen & Hamilton LLP raised an undisclosed investment on Tuesday. 10BE5 Ltd., a legal tech company that automates capital markets-related workstreams, told Law360 Pulse that its new investment from Killer Whale Strategies, a consultancy that invests in legal tech companies at any stage of development, can be characterized as a “pre-seed extension.” Along with undisclosed pre-seed funding in February 2021 from Cleary, 10BE5 has raised under $1 million to date, according to John Kwan, co-founder of 10BE5. Law360 – Cleary-Backed 10BE5 Gets Undisclosed Pre-Seed Extension

Cleary Gottlieb to Launch Legal Tech Incubator Cleary X With Canadian Lawyer at the Helm – law.com

Cleary Gottlieb Steen & Hamilton is launching its own legal tech incubator, with a former Epiq executive based in Canada spearheading the company.

Canadian Carla Swansburg is the CEO of the new Cleary X, which the firm describes as “an experimental platform for highly efficient, AI and data-driven legal services.” Cleary X will be a wholly owned subsidiary of the global law firm.

law.com – Cleary Gottlieb to Launch Legal Tech Incubator Cleary X With Canadian Lawyer at the Helm

Cleary Gottlieb Invests in Legal Tech Startup 10BE5 – Artificial Lawyer

In a rare move for one of New York’s elite Wall Street firms, Cleary Gottlieb has made a minority investment in legal tech startup 10BE5, which helps lawyers to complete prospectus documents by automating part of the financial disclosure drafting process.

While we have seen US firms such as Latham & Watkins and Orrick invest in ‘app store’ Reynen Court, and Wilson Sonsini invest in Lexion, the doc analysis system, the more traditional New York-based law firms have tended not to take stakes in legal tech startups. So this move is quite significant.

Artificial Lawyer – Cleary Gottlieb Invests in Legal Tech Startup 10BE5