Magic Circle Firms Collaborate on Standardised NDA

Three magic circle firms support an initiative to produce a “universally standardised” template for non-disclosure agreements.

The OneNDA project lists Allen & Overy, Linklaters and Slaughter and could included in its drafting group. Major non-UK firms Norton Rose Fulbright and Gilbert + Tobin will also be represented on the team, along with Ashurst.

In addition to these lawyers, in-house counsel from the range of information mill also helping to contribute to the project, commenting around the NDA template because it develops and committing to adopt it once it's been finalised.

Companies involved include Airbus, American Express, Barclays, Bupa, Deliveroo, Ernst & Young, UBS and several Coca-Cola subsidiaries.

The OneNDA initiative was co-founded by Electra Japonas and Roisin Noonan, CEO and COO from the Law Boutique respectively. It aims to possess approved a standardised NDA template through the week commencing 10 May and to have attracted 1,000 partner companies after the entire year.

The initiative hopes the introduction of a standardised NDA will give you greater commercial protection without unnecessary delay and minimise the opportunity of friction between parties beginning a company relationship. It will also lessen the need for repetitive, rudimentary legal work.