Thomson Reuters today announced a collaborative agreement with MaRS Discovery District in Toronto, one of the world’s largest urban innovation hubs. The new alliance aims to create bridges between the start-up community, legal practitioners and the business world to foster innovations that advance the legal industry.
Thomson Reuters will sponsor MaRS Discovery District’s LegalX Cluster, which connects technology, high-growth ventures and the legal industry. The Legal Executive Institute and other Thomson Reuters businesses will facilitate events and other initiatives connecting LegalX communities with law firm leaders to build relationships, as well as encourage partnerships and innovative solutions. Today’s announcement furthers the company’s efforts to work closely with innovators around the world. Just last month, Thomson Reuters announced a similar relationship in the emerging Toronto-Waterloo tech corridor for the recently formed Thomson Reuters LabsTM at Communitech in Waterloo.
“We want to accelerate the dialogue between lawyers, technologists, designers, engineers and entrepreneurs to drive change,” said Neil Sternthal, managing director for Canada, Australia and New Zealand, for the Legal business of Thomson Reuters. “The LegalX Cluster uniquely connects these groups. We envision that this collaboration will help industry, startups, lawyers, government and academia exchange knowledge, ideas and resources to jointly develop the future of the legal industry.
“This is another important step in advancing our own pace of innovation in solving industry problems and developing new products to help practitioners be more productive and the legal system function more effectively,” added Sternthal. “We are continually looking for new ways to engage and partner with innovative thinkers and problem solvers wherever in the world they may be found.”
“The MaRS community is dedicated to helping entrepreneurs bring breakthrough ideas to market, build innovative companies and scale globally,” said Salim Teja, executive vice president of Venture Services, MaRS Discovery District. “Partnerships with innovative corporations are key, and we look forward to working with Thomson Reuters to bring new perspectives and collaborate with our community to help drive new ideas, new solutions and new enterprises.”