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Allen & Overy

Corporate deals signed and closed faster

Overview

Allen & Overy is one of the world’s top law firms with a truly global coverage.

The firm’s corporate practice deployed the signing and completion feature on Legatics’ document list module for a large loan restructuring matter.

The deal required the execution of 93 agreements and 738 signature pages from over 200 entities .

Challenges

Deal complexity

Large number of documents involve.

Time pressure

Need to complete the transaction within a tight deadline.

Track status

All parties needed to stay up to date to lower risks.

Our Solution

Tools for the job

The ability to have the completion checklist, signature pages, and latest versions of documents linked together in one central place was a key driver in the decision to use Legatics, particularly given the number of documents involved and the time pressure of the transaction.

Legatics allowed all parties and users to have access to the documents list which enabled them to download the latest version of each document, view each documents’ status, the status of each signature page allocated to them and directly upload their signature pages.

Using Legatics, the lawyers were able to extract signature pages, generate automatic signing emails with the relevant signature pages and agreements attached, track the status of each signature, store executed signatures ages, and collate them into a final executed version. This significantly reduced the administrative time required to complete the deal resulting in a more efficient, lower risk process.

Results

Risk of error reduced

Thanks to a centrally managed system.

Effective resourcing

Resulting in lower deal cost over all.

Better client experience

Due to real time updates.

Faster transactions

As a result of of few administrative tasks.

  • 77% time saved on extraction of signature pages
    Allen & Overy
  • 81 % time saved on drafting of signing emails
    Allen & Overy
  • 59% time saved on collation of executed version
    Allen & Overy

Try Legatics today

If you use Word to manage your transactions, you can use Legatics. Using Legatics is that simple.