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.
Digital and innovative companies operate in an extremely dynamic business and regulatory environment. To help them deal with such environment, Parallel Avocats dedicates its legal expertise exclusively to these companies.
Parallel Avocats is first and foremost an intimate knowledge of digital business models and an ability to adapt to the demands of pragmatism and efficiency that drive them. Based on this industry focus, Parallel's lawyers use their legal knowledge and working methods to provide the best advice and defense to their clients. Finally, Parallel Avocats is also a long-standing integration into the innovation ecosystem and a long-term vision on the future of digital law.
Mobility of persons and mobility of goods are revolutionized by new uses and models such as ridesharing, on-demand transportation, logistic challenges and artificial intelligence.
Both traditional retail models as well as peer-to-peer sale models have been deeply impacted by digital platforms. E-Commerce is now a mature sector of the digital revolution.
FUTURE OF WORK
Work is in full transformation. Many actors, in particular platforms, are promoting jobbing and freelancing models, be it in mass markets or in specific sectors.
Even heavily regulated and traditional sectors such as insurance are deeply changed by the rise of new ways of distributing insurance and peer-to-peer insurance models.
Traveling is nothing like it was 20 years ago. New ways of finding accommodation (via peer-to-peer platforms) and new services (such as digital butler services) have changed the way individuals and business organize their travels and changed the distribution of value in the tourism sector.
Finance is facing a strong movement towards disintermediation and new services are changing the way one communicates with his bank, finances his projects (crowdfunding) or pays his groceries (mobile payments).
Digital platforms are currently expanding in the real estate world, offering new ways of investing into property, financing an acquisition or valuing and maintaining buildings.
Media are not spared by digital transformation, be it concerning the way information is shared (collaborative media) or the way it is produced and broadcasted (crowd-based journalism).
This new technology enables storage and exchange of information in a secure manner without any controlling body. Ensuring the legal safety of such businesses is fundamental (e.g. keeping in mind the new French rules on Initial Coin Offerings).
Restaurants and catering businesses are strongly impacted by platforms facilitating peer-to-peer food preparation and exchange, food delivery as well as daily food supply for businesses.
The health sector has initiated its digital transformation, thanks to innovative business changing the way one finds a health professional or specialized help.
The legal world is in full mutation. The impact is both scientific (with new open legal databases or predictive justice platforms) and processual (platforms facilitating litigation, legal red tape or lawsuit financing).