MaRS LegalX and McCarthy Tétrault announce partnership focused on legal innovation

TORONTO, Nov. 3, 2015 /CNW/ - MaRS Discovery District and McCarthy Tétrault, one of Canada's largest and most awarded law firms, announced the launch of a partnership dedicated to legal innovation today.

The partnership will enable promising companies from MaRS' LegalX cluster to pilot their technologies by working with McCarthy Tétrault lawyers across Canada.  It will also allow McCarthy Tétrault to further develop its innovative and market-leading legal solutions with MaRS in order to deliver better outcomes for its clients. The partnership will further leverage existing initiatives such as MaRS LegalX's #LegalLean series and entrepreneurship programs.

"We're delighted to be partnering with MaRS LegalX and their community of innovators to help bring their ideas to life and further refine our own innovative legal solutions," said Matthew Peters, McCarthy Tétrault's National Leader, Markets. "Innovation and collaboration are at the core of the way we work, with each other, with our clients and with our alliances, making this partnership a natural fit. This is an exciting opportunity for us to foster and support innovation and continue our commitment to new ideas and seeing things differently."

"This partnership will provide opportunities for interaction among leading startup and new economy businesses, with the domain expertise of McCarthy Tétrault and its outstanding talent, brand and leadership," said Aron Solomon, Innovation Lead, MaRS LegalX. "We anticipate outcomes ranging from high-level thought leadership to tactical product, process and market developments. This is a blend of NewLaw scalability with BigLaw prowess in talent and infrastructure."

Further announcements regarding the partnership are expected in the coming months.

About MaRS Discovery District
MaRS Discovery District (@MaRSDD) in Toronto is the one of the world's largest urban innovation hubs. MaRS supports promising young ventures tackling key societal challenges in the health, cleantech and ICT sectors. In the last three years, these ventures have raised $1.3 billion in capital and earned $640 million in revenue. In addition to helping startups launch, grow and scale, the MaRS community is dedicated to cross-disciplinary collaboration, commercialization of discoveries and driving ideas to impact.

About McCarthy Tétrault
McCarthy Tétrault LLP provides a broad range of legal services, advising on large and complex assignments for Canadian and international interests. The firm has substantial presence in Canada's major commercial centres and in London, UK.

Built on an integrated approach to the practice of law and delivery of innovative client services, the firm brings its legal talent, industry insight and practice experience to help clients achieve the results that are important to them.

SOURCE McCarthy Tétrault

For media enquires, contact: Lara Torvi, MaRS Discovery District, [email protected], 416-673-8100; Orna Dobner, McCarthy Tétrault LLP, [email protected], 416-601-7684