German law firm opens office in metaverse

Avatar photo

By William Holmes on

9

Virtual reality TCs next?

Gleiss Lutz’s office in the metaverse

German outfit Gleiss Lutz has become one of the first major European law firms to open up shop in the metaverse.

The firm has chosen to launch in the virtual world Decentraland that has seen plots of its virtual real estate valued in the millions. It aims to be on the doorstep of companies operating in the metaverse, advising them from its new digital gaff. The firm appears to be next to a mansion signposted as BAYC (Bored Ape Yacht Club), a collection of highly fashionable non-fungible token (NFT).

“The metaverse fits seamlessly into our site strategy. We want to be accessible to our clients now and in the future, especially in this rapidly changing commercial environment”, said Gleiss Lutz co-managing partner Professor Michael Arnold.

Co-managing partner Dr. Alexander Schwarz added: “The metaverse has a big future. By opening an office in the metaverse, we are demonstrating our commitment to being part of this new, virtual world”.

Gleiss Lutx follows the likes of Arent Fox, a Washington-based law firm which Legal Cheek reported had also joined the Metaverse by acquiring a land site in Decentraland.

The 2022 Legal Cheek Firms Most List

The new virtual office comes shortly after the firm opened in London for the first time at the start of 2022. Gleiss Lutz also has six German offices and a Brussels outpost. The firm has worked internationally with London firms like Herbert Smith Freehills and Slaughter and May, as well as the American White Shoe firm Cravath, Swaine & Moore.

You can check out the metaverse office here.

For all the latest commercial awareness info, news and careers advice:

Sign up to the Legal Cheek Newsletter

Related Stories

The rights and wrongs of life in the metaverse

Future trainee William Holmes takes stock of the various legal issues emerging in the virtual world

Feb 28 2022 9:13am
3

Will City law firms join the Metaverse?

Where clients go, their lawyers will surely follow...

Feb 23 2022 9:37am
9

How Bored Apes are changing the law

Legal Cheek's Will Holmes takes a deep dive into the latest legal developments surrounding NFTs

Jul 7 2022 9:24am