Mannheimer Swartling
Legatics helps Mannheimer Swartling improve efficiency and collaboration throughout the deal
Overview
The Legatics transaction management platform was used by Mannheimer Swartling to coordinate the Conditions Precedent (CP) satisfaction process for a large wind portfolio project financing. The deal involved around ten parties and over 100 CPs. Legatics dramatically reduced the administrative work required on the deal by empowering the parties and lawyers to work more collaboratively and efficiently.
Challenges
Multiple parties
Ten parties and over 100 CPs
Time taken
A huge volume of administrative work
Complex deal
Managing a large number of documents
with different statuses
Our Solution
Tools for the job
All parties to the transaction, including lead counsel, local counsel, banks and sponsors were able to have access to a master version of the CP checklist at all times on Legatics. Having everything in one place allowed the efficient sharing of documentation, as well as an easy way to approve and add comments in real time.
There was significant reduction in the volume of administrative work required as everything was automatically coordinated. For example, statuses and notifications can automatically update and files are easily accessible and stored next to their relevant line items. In addition, the team saw a significant reduction in time spent on CP update calls and emails.
The Legatics platform allows for intuitive set-up and navigation of the checklists, and the overview screen provides a clear, transparent insight into the progress of the CP satisfaction process.
Results
Smooth collaboration and improved workstreams
All files in one place, with automatic updates
Time saved
Reduced administrative work and
Conditions Precedent update calls
Enhanced party coordination
Due to real-time updates
Efficient transactions
Simplified CP satisfaction process
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Legatics saved a lot of time on coordination and colleagues are asking to use it on their transactions.
Try Legatics today
If you use Word to manage your transactions, you can use Legatics. Using Legatics is that simple.
