parallel

Parallel is a name chosen to evoke the fact that legal advice must be connected to the operational issues and constraints of companies.

Business and law cannot be dealt with separately.

Understandable in many languages, Parallel also refers to the coexistence of traditional companies and innovative businesses, each of which can take advantage of the industrial revolution we are experiencing, provided they master their legal environment and anticipate its evolution.

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regulatory

Post-acquisition legal advice for Luckey (Airbnb's concierge subsidiary)

Parallel Avocats assisted Luckey in its legal structuring following its acquisition by the Airbnb group in December 2018.

Post-acquisition periods are key to the success of synergies between the acquirer and the new subsidiary. Airbnb has asked Parallel Avocats to provide the necessary support in reviewing Luckey's contractual architecture, complying with the rules applicable to concierge companies, developing partnerships, or taking into account the legal constraints of a digital operator for part of its activity.

Parallel Avocats provided Luckey with the services of a lawyer one day per week over a period of 4 months to identify, prioritize and manage legal projects in close collaboration with the Luckey and Airbnb teams. The integration of Parallel lawyers into the teams and the regular monitoring of the project have thus guaranteed constant progress of the project as well as precise monitoring of the legal issues for Airbnb.

Thanks to this close collaboration, Luckey and Airbnb have received legal support to advance all aspects of the business (both technological and operational), taking into account the legal dimension. The Parallel team also assisted Luckey in identifying and processing priority projects to be carried out in order to complete the integration within the Airbnb group.