Interdisciplinary Internet of Things (IoT) practice unveiled to help clients with risks in technology
Global law firm Paul Hastings LLP has launched a practice dedicated to the Internet of Things (IoT) to assist clients navigate the risks and opportunities in the complex and evolving IoT landscape.
The law firm has assembled a team of lawyers in a bid to address clients’ needs in the area.
The law firm added that given the ubiquitous nature of IoT, and its anticipated impact across industries, lawyers from a large array of practices are collaborating on this initiative.
This includes lawyers from the firm’s anti-trust and competition, securities and capital markets, data centres, employee mobility, finance, intellectual property, litigation, mergers and acquisitions, payment systems, privacy and cyber security, private equity, regulatory, technology, and trade secrets practices.
“As the IoT brings connectivity to virtually everything, it is changing the way we live, interact, and do business,” said corporate partner Sherrese Smith. “The rapidly expanding quantities and types of data and the ways in which they are shared create a host of business opportunities and legal challenges —and a significant opportunity for our firm to leverage and focus our existing expertise to help our clients in this critical area.”
Privacy and Cybersecurity practice co-chair Behnam Dayanim said that rather than working with clients on a one-time basis to address a single issue, its goal is to provide counsel “from idea inception through each stage of a product’s life cycle, delivering innovative solutions to create and protect value in this revolutionary new area.”
The law firm counts among its clients, tech and internet companies (Airbnb, eBay, Oculus VR, Zynga), commercial leaders (GE, Mattel, Samsung), as well as lenders and investors (Softbank, Goldman Sachs, RBC).
The rise of the Internet of Things is also giving rise to the lawyers – including the likes of DLA Piper – who are able to offer new services.