LAW firm Shoosmiths has scooped TMT Team of the Year at this year’s Legal Business Awards, a year on from being awarded Law Firm of the Year.
Legal Business states the TMT Team of the Year category winner must demonstrate market-leading commercial or regulatory expertise through advice on a specific technology case or transaction.
Shoosmiths was awarded the prestigious accolade for its expertise in advising on global Web3 and Metaverse strategies. These strategies have been on highly complex and nascent technology matters such as non-fungible tokens (NFTs), proof-of-attendance protocols (POAPs), augmented reality (AR), and the Metaverse, with Shoosmiths supporting its clients’ transition into these new, technologically focussed markets.
During 2022 and 2023, the team has built significant expertise in Web3 and Metaverse projects, regularly advising on cutting-edge transactions for a diverse range of top clients. The team now has a pre-eminent position in this emerging field, having played a key role on several transactions.
Head of Shoosmiths’ Commercial Group, Robin Webb, said: “We’re extremely proud to be recognised by Legal Business as market-leaders for the amazing work our team does in supporting those organisations who, like us, are being changed by new ways of operating, and the evolving legal and technological landscape.
“Our IT & Technology team advises many blue-chip clients and are at the cutting edge of tech developments and deals. Shoosmiths is very well placed in the market to advise companies on highly complex, multi-jurisdictional matters.”
Shoosmiths’ head of IT & Technology, Joe Stephenson, also commented: “We are delighted to have won this award in recognition of the expertise of Shoosmiths in the tech sector and our collective pursuit of excellence for our clients.
“We are a leading firm on all things tech – whether it be crypto assets, the Metaverse, Web3 and beyond. We have our finger on the pulse when it comes to new developments in technology – so if our clients need our advice in adapting or adopting, we know exactly how to support them in their strategic ambitions.”
Shoosmiths’ IT & Technology team is one of the UK’s leading practices. Ranked Band 1 by both Legal 500 and Chambers UK, the team represents “a fine choice for clients" (Chambers UK Guide).
The firm is also shortlisted for TMT Team of the Year at the British Legal Awards, taking place in November.