Fieldfisher targets securities finance docs with Condor
01 February 2017 London
Image: Shutterstock
Law firm Fieldfisher has launched a new alternative legal services platform focusing on derivatives and securities financing documentation.
Condor Alternative Legal Solutions boasts a specialist trading documentation negotiation unit based in Belfast for negotiating derivatives and other financial markets agreements on a fixed-cost basis.
It also offers bespoke technology-assisted solutions for legal, regulatory or documentation reviews, and has the capacity to deliver large-scale projects, according to Fieldfisher.
Its initial focus will be on the derivatives and securities financing markets, with services aimed at banks, custodians, asset managers, insurers and corporate treasurers.
Fieldfisher is looking to expand its range of services beyond financial services and to offer it to clients across all sectors of the firm.
CEO Christopher Georgiou (pictured, left), who was previously the head of the securities and derivatives group at Ashurst, alongside derivatives partners Guy Usher and Luke Whitmore (pictured, centre and right), are leading the Condor project at Fieldfisher in London.
Condor uses an “intelligent allocation of resources and technology to deliver highly cost-effective fixed price solutions to our clients”, according to Georgiou.
Usher added: "This is the first step in the evolution of Condor and our alternative legal services model. In these changing times, with endless amounts of regulatory change, clients are looking for ever faster and cheaper solutions.”
"Some technology platforms already in the market can capture data from standardised industry documents—but Condor has additional value by also providing legal input. This means that more sophisticated and bespoke data models and analytics can be developed, even for less standardised documents.”
“With Brexit, MiFID II, bank ring-fencing and other regulatory changes looming, we see a huge demand for this product.”
Condor Alternative Legal Solutions boasts a specialist trading documentation negotiation unit based in Belfast for negotiating derivatives and other financial markets agreements on a fixed-cost basis.
It also offers bespoke technology-assisted solutions for legal, regulatory or documentation reviews, and has the capacity to deliver large-scale projects, according to Fieldfisher.
Its initial focus will be on the derivatives and securities financing markets, with services aimed at banks, custodians, asset managers, insurers and corporate treasurers.
Fieldfisher is looking to expand its range of services beyond financial services and to offer it to clients across all sectors of the firm.
CEO Christopher Georgiou (pictured, left), who was previously the head of the securities and derivatives group at Ashurst, alongside derivatives partners Guy Usher and Luke Whitmore (pictured, centre and right), are leading the Condor project at Fieldfisher in London.
Condor uses an “intelligent allocation of resources and technology to deliver highly cost-effective fixed price solutions to our clients”, according to Georgiou.
Usher added: "This is the first step in the evolution of Condor and our alternative legal services model. In these changing times, with endless amounts of regulatory change, clients are looking for ever faster and cheaper solutions.”
"Some technology platforms already in the market can capture data from standardised industry documents—but Condor has additional value by also providing legal input. This means that more sophisticated and bespoke data models and analytics can be developed, even for less standardised documents.”
“With Brexit, MiFID II, bank ring-fencing and other regulatory changes looming, we see a huge demand for this product.”
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