Legatics helped us stay organized and enhanced our ability to prioritize the right items to navigate
our way to a smooth closing, even when the deal itself was complicated and difficult.
Nelson Mullins
Nelson Mullins increases post-closing productivity in real estate transaction with Legatics
Overview
Established in 1897, Nelson Mullins is a full-service AmLaw 100 firm with over 1,000 attorneys, policy advisors, and professionals. Operating across the United States, the firm provides expertise in more than 100 practice areas. In one instance, Nelson Mullins utilized Legatics during a commercial real estate lending transaction between an insurance company lender and a borrower for the acquisition of a mixed-use commercial property.
Challenges
Complex document management
Real estate lending deals are highly complex, requiring meticulous checklist management and coordination across various documents and stakeholders.
Labor-intensive processes
Lawyers often spend weeks compiling post-closing binders, manually drafting indexes in Word and assembling folders in Windows Explorer.
Access issues
Difficulties locating previously uploaded due diligence materials and occasional cloud drive access issues add further delays to this already challenging process.
Our Solution
Tools for the job
Legatics provided Nelson Mullins with a centralized platform to streamline the organization and tracking of documents throughout the closing and post-closing stages. With Legatics, all diligence and closing materials were accessible from a single source of truth, eliminating the need to search through complex folders or document management systems.
Legatics also enabled lawyers to generate post-closing binders quickly, reducing the time required from weeks to just days. Additional features, such as color-coded rows and a real-time overview dashboard, helped the team prioritize tasks and track progress efficiently.
Results
Post-closing made simple
Legatics reduced the time to generate post-closing binders from weeks to just days
Quick binder generation
Legatics reduced the time needed for post-closing binder creation from weeks to days.
Single source of truth
The centralized platform provided easy access to all diligence and closing materials, streamlining organization.
Smoother closing
Enhanced task prioritization and real-time tracking helped manage challenging transactions with greater ease.
Enhanced collaboration
Features like color-coded rows and a real-time dashboard facilitated better communication and progress tracking among the team.
Try Legatics today
If you use Word to manage your transactions, you can use Legatics. Using Legatics is that simple.