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P.L. Thomas (PLT)
Nanotechnology has already burst onto the front line of product innovation in cosmetics but in spite of its promise, scientists remain concerned about potential health and environmental risks.
Risk management
One of the principle functions of the new nanotechnologies practice at Chadbourne & Parke will be to help clients manage these risks by working closely with innovators and regulators.
In delivering this service, the international law firm will be drawing on its experience in helping innovators in the past make the most of other emerging technologies such as biofuels and independent power.
Low hanging cosmetics fruit
The head of the new practice, David Wallace, told CosmeticsDesign.com that there is lot of low hanging fruit in the market for nanotechnology-based products - particularly in cosmetics.
Wallace said firms will be seeking advice across a range of legal disciplines at different stages of the product life cycle.
At the beginning, intellectual property issues will arise and then risk management and product liability problems will come to the fore at the marketing stage.
At the end of the product life cycle environmental risk management problems related to disposal will then need to be dealt with.
Cross-disciplinary approach
"The commercialization of nanotechnology calls for an innovative, transdisciplinary team approach to legal and business problem-solving, because nanotechnology covers a lot of ground," said Wallace.
"Nanotechnology carries unique uncertainties that must be successfully mediated for a stable market to develop. It calls for a collaborative legal approach powered by a 'critical mass' of the types of expertise for which Chadbourne is well known."
