Theolex is proud to announce that Mayer Brown has become its first global Law Firm Client, after months of collaboration in building the product.
Joydeep Sengupta, counsel in Mayer Brown's Compliance, Investigations and Regulatory practice in Paris was interviewed today in Global Investigations Review on that subject.
"With the growth of cross-border regulatory enforcement and rising costs of managing regulatory and reputational risks, I want to re-imagine lawyering for tomorrow - how the practice of global investigations can be transformed in the future with new technology. (...) Theolex provides a significant efficiency gain and cost saving to lawyers and their clients in the context of cross-border investigations, litigation and compliance."
Joydeep Sengupta, in the Press Release
And the numbers speak for themselves :
" The Financial Crime Compliance industry is worth USD 137 billion in Europe alone, and USD 181 billion globally. In cross-border compliance investigations for financial institutions, penalties can often be in the hundreds of millions or even billions of dollars. (...) The current
Covid-19 crisis has made cost and efficiency advantages of technological innovation all the more important."