You have2 free articles left this month.
Register for a free account to access unlimited free content.
You have 2 free articles left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Law firm helps launch fintech start-up hub

Allens has been a key player in launching fintech start-up hub Stone & Chalk in Sydney.

user iconLara Bullock 27 August 2015 NewLaw
Stone & Chalk

Stone & Chalk

expand image

Stone & Chalk is a not-for-profit fintech hub designed to help foster and accelerate the development of fintech start-ups. Allens' involvement supports the firm's desire to be more actively involved in the start-up industry.

Allens launched Allens Accelerate, a new practice providing free legal documents and discounted fees to start-up businesses, earlier this year.

Allens associate Elyse Adams said the firm’s involvement in Stone & Chalk complements the Allens Accelerate program, and that some Stone & Chalk residents are also clients of Allens, both prior to and since the hub was launched.

“The reason why we got involved in start-ups in the first place was because we saw a lot of our clients were interested in the space,” Ms Adams said.

“The start-up industry is really good for the economy and for the community so, while it doesn't have a direct impact on us, if our clients are interested, it's good for us to be involved and interested too.”

Allens, the only law firm involved in Stone & Chalk, took care of all legal work during the set-up, such as leases, corporate documents and corporate agreements with partners and residents of the hub alike.

Looking to the future, Ms Adams said: “We hope to be able to engage with some of the start-ups in the hub with our own Accelerate program and support the start-ups by running workshops and educating them on legal issues, such as regulation in the financial services industry.”

“Then, for Stone & Chalk itself, we'll continue to be a key stakeholder and assist with a lot of the governance side of things and anything else it brings,” she continued.

“Sydney itself is the financial services hub, so it makes sense for Stone & Chalk to be here and it makes sense for us to be involved in that.”

 

Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member for free today!