DataComplianceIQ, Baker McKenzie's groundbreaking data solution for clients, has earned the Financial Times Innovative Lawyer Award in the Business of Law -Integrated Solutions category, as part of the publication's annual awards recognizing innovation in the legal profession in North America.
In addition, Partner Theo Ling, who led the development of DataComplianceIQ, was recognized in the FT's Top 10 Innovative Individuals list.
The Innovative Lawyer Awards, presented by the FT with research partner RSG Consulting, assess lawyers and law firms based on their innovation for both clients and their own businesses, and is considered one of the top legal rankings in North America. Winners were selected through extensive research and nearly 400 interviews with lawyers, legal experts and clients.
"Baker McKenzie has a history of delivering innovative services, and DataComplianceIQ is a perfect example of how our Firm is working to develop unique, forward-thinking solutions for our clients," said Rick Hammett, Baker McKenzie's North America Managing Partner. "Like many of our attorneys, Theo thinks beyond traditional modes of legal service to address some of our clients' biggest challenges, and I congratulate him on this well-deserved honor."
DataComplianceIQ helps clients address issues with "big data" by managing information lifecycles and assisting with global data compliance surrounding data privacy and the retention and governance of corporate records. DataComplianceIQ offers tools that help clients visualize complex data flow across borders, and incorporates data compliance information from more than 130 jurisdictions.
"The benefit of developing such a platform, shared on a complementary basis with clients, is that it is creating a new business line," the FT noted in its report.
In its profile of Mr. Ling as an Innovative Individual, the report described his focus on the intersection of technology and information and his belief "that the future of legal practice will be multidisciplinary and collaborative." Attorneys selected for the Innovative Individuals recognition "practice in the vanguard of new businesses and technologies… pushing against strict definitions of lawyers. They bring the ability to imagine future scenarios into their advisory work."
"I am honored to receive this recognition from the Financial Times,” said Mr. Ling. “Baker McKenzie fosters a culture of innovation and collaboration, and I look forward to continuing to work with my colleagues to deliver top service for our clients facing challenges with managing large data sets with regulated personal and corporate data."
Mr. Ling was also noted in the 2015 North America FT Innovative Lawyers report for his work on iG360, a cloud-based legal compliance service that guides clients through information governance laws in more than 120 countries. The service earned a "standout" recognition in 2015.
Paul Rawlinson, Baker McKenzie Global Chair said, "Innovation is an increasingly important component of our global strategy. We are very proud of our pioneering work in North America and around the world and my congratulations to Theo and all our teams who were shortlisted for these prestigious awards."
Learn more about the Firm's additional recognition in the 2016 FT Innovative Lawyers Report.