Created for complex legal transactions, Legatics is a simple, powerful transaction management platform that helps you break free from the limitations of Word tables and emails. We understand the intricate nuances of legal workflows, and our platform offers a collaborative workspace with a single source of truth.
In this blog post, we’ll explore how you can use Legatics in every stage of your M&A transaction to drive your deal faster, from initial due diligence to final closing.
1. Keep track of initial non-binding offers
At the initial stage of an M&A deal, multiple buyers will often express interest in an acquisition. This can be stressful for lawyers, who need to manage a host of bidders and a number of documents, including multiple versions that require continual tracking and review.
With Legatics, you can systematically stay on top of these evolving document versions across your team simply by setting up documents lists. You can create sections for different files and comment in real time to ensure everyone remains aligned.
2. Stay updated on the latest DDQ answers
Once the M&A process kicks off, the buyer would start the due diligence process, which includes various streams, such as Virtual Data Room, Due Diligence Questionnaire, and Due Diligence Report. This often includes a number of questions and requests around documentation, leading to an overwhelming flow of updates, comments, and changes to track across parties. It can be time-consuming and prone to error if this is managed through spreadsheets, emails, and calls.
With Legatics, managing a DDQ list is not only straightforward but also highly adaptable to your specific needs. From the moment you start, you’ll have access to ready-to-use templates, which you can use as a basis for further customization. Your firm can also set up custom templates to use in the organization to standardize the process, ensuring there are no compliance issues. If you have a list that you’re using outside of Legatics, you can also import it in just a few clicks.
Collaboration is simple as well. Legatics captures all discussions and connects them to the relevant documents, so you will be able to see answers to the questions with supporting materials at a glance.
Learn more about this use case in detail here.
3. Confidently manage key document negotiation
During the key document negotiation stage, there will be different iterations of the same documents being shared internally and externally. Legatics helps with internal coordination by tracking the iterations, but also supports external collaboration as the buyer is also able to stay on top of the latest drafts.
Thanks to our integrations with leading document management systems (DMS), such as iManage and NetDocuments, your documents can be synchronized in those systems — enabling even those who aren’t actively using Legatics to stay up to date.
Lawyers can also track outstanding issues in Legatics and ensure that no critical points are overlooked during the negotiation process. With Legatics, you can easily assign, monitor, and resolve tasks, reducing the risk of miscommunication.
Learn more about this use case in detail here.
4. Prepare and track your disclosure schedule
For risks identified in the due diligence process, the seller will then disclose exceptions and limitations to the representations and warranties about the company being sold. This helps allocate risks between the parties and helps facilitate the resolution of issues.
Our legal text importer helps you turn your warranties into a disclosure table in seconds. Once up-and-running, you can quickly assign warranties to different teams, track responses and get to the final position quickly.
Need to share this with externally outside of Legatics? Easily export the list and attach to a disclosure letter in a clean format with firm branding applied.
Learn more about this use case in detail here, and experience it firsthand with our interactive demo.
5. Efficiently handle closing deliverables
At the end of a transaction, lawyers would need to manage the completion process, which often includes summarizing the key pre-completion, completion, and post-completion activities. With Legatics, you can easily bring everything together as they are in one centralized place.
Additionally, the audit trail provides a comprehensive record of all updates, helping you demonstrate compliance and accountability during this final critical phase.
Wrapping up
At every stage of your M&A transaction, Legatics lists provide a powerful way to organize and streamline your workflows, from tracking initial non-binding offers to managing closing deliverables.
Find out more about what our lists can do for you, or book a demo to see it in action.