Legatics has proved to be a very useful tool ...
Morais Leitao
Legatics helps increase visibility and collaboration on refinancing deal
Overview
Morais Leitão is a leading full-service law firm with its head office in Lisbon, Portugal. Morais Leitão chose Legatics to assist on the refinancing of a major shopping centre in the Oporto region, conducted in English. The firm was acting for the lenders on the transaction, and collaborated with the borrowers, borrowers’ counsel and other Morais Leitão offices over the platform.
Challenges
Large amount of documents
Need to generate and manage various
Conditions Precedent checklists
and finance documents
Multiple parties
Time-consuming all parties call
Lack of visibility
Hard to track progress in real time
Our Solution
Tools for the job
The firm used Legatics for the generation of various CP checklists, the finance documents list, the upload and management of executed documents, and the creation of transaction bibles to be sent to the parties involved. Engagement from transaction parties was high. The banks were extremely impressed with the platform and said they would use it again. In particular, they liked the transparency and control Legatics provided, giving greater visibility in comparison to traditional deals.
Legatics also enabled banks to ask back-office staff to review and sign off on the CP documents. Borrowers were really enthusiastic about the platform, especially because it allowed them to keep track of the current statuses of different work streams. Their internal lawyers were quick to learn how to use Legatics and used the system directly to upload documents, which removed the need for traditional document management.
Results
Real-time transparency
Giving all parties great visibility and control
Time saved
No more need for CP calls and emails
Clear management of documents
Removed the need for traditional
document management
Live updates
Ability to keep track of live statuses
Try Legatics today
If you use Word to manage your transactions, you can use Legatics. Using Legatics is that simple.