Global News
Reynen Court LLC today announced that Tim Klem, a veteran product manager with decades of experience in and around complex enterprise software systems, has joined to lead its efforts to drive greater interoperability between and among third-party legal tech software applications.
Mr. Klem was most recently practice lead at TruQua, an SAP consulting partner, leading solution architecture of hybrid Cloud and on-premise SAP solutions for Fortune 100 customers. Previously, he managed an enterprise consulting business for SAP in South-East Asia and has worked as an enterprise technology product manager at various start-ups which were subsequently acquired by companies including Citibank, Amazon and Alibaba.
Founded last year with wide support from a consortium of nineteen leading global law firms, Reynen Court recently launched a Beta version of its ground-breaking platform designed to help law firms and corporate legal departments speed their adoption of AI and other new technologies. The Beta platform combines a solution store for legal technology along with a powerful control panel that makes it easy for law firms and legal departments to run applications either on-premise or within virtual private clouds. The platform also enables firms to manage software subscriptions and provides usage monitoring and advanced application-specific metrics to aid in better predictability of IT software and infrastructure maintenance and expenditure.
“As we roll-out the first generation of our platform,” commented Reynen Court founder and CEO Andrew D. Klein, “we are already hard at work designing additional functionality that will tackle one of the core priorities for the law firms in our consortium - it simply takes too much time and effort to integrate new technologies with a firm’s existing anchor systems. Tim has tremendous experience in driving interoperability between and among enterprise software applications. We are very pleased he has agreed to join our efforts.”
“Every third-party legal tech application has a unique data model,” added Priyadarshi Lahiri, Reynen Court’s Chief Technology Officer. “Many solutions have some element of a built-in work flow manager. As a result, getting applications integrated, and then teaching and training users, are enormously taxing activities. A common data hub and universal work flow tools are both on the roadmap for the next version of our platform. Stable, reusable point-to-point application connectors also represent useful low hanging opportunities.”
“We see enormous potential in Reynen Court’s agenda to bring common standards and a set of universal utilities to an industry badly in need of greater interoperability,” said Bas Boris Visser, Global Head of Innovation and Business Change at Clifford Chance. “We are working closely with their talented team on a number of specific initiatives in this regard and we look forward to gaining the benefit of Tim’s vast experience.”
“The move to cloud-based software solutions holds enormous promise but also new challenges, including with respect to application integration and interoperability,” added Latham & Watkins CIO Ken Heaps. “Data has to move from anchor systems of record to edge applications and back. Stability and security across the entire ecosystem cannot be sacrificed even as networks expand. Working closely with Reynen Court we see great opportunities to accelerate the onboarding of new applications without putting performance or content at risk.”
Clifford Chance and Latham & Watkins are both investors in Reynen Court. They also serve as co-chairs of the consortium of nineteen leading law firms supporting the development and launch of the Reynen Court platform.
Tim Klem is a graduate of Stanford Business School and earned his BA at Yale University.
Joining Reynen Court is also a reunion of sorts: Mr. Klem started his career working as the first employee at Mr. Klein’s first start-up, Spring Street Brewing Company, the microbrewer of Belgian wheat beers that in 1995 became famous as the first company to offer and sell shares of stock through the Internet.
“I am thrilled to work again with Andy and become part of the incredible team he has assembled,” added Mr. Klem. “I have seen how much time and money large enterprises burn trying to integrate technologies through bespoke development. The innovations under development and planned for the next stages are exciting and with the support of the leading firms and so many influential vendors we are well placed to drive real change.”
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