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Use of Legatics recognised in the Financial Times Asia-Pacific Innovative Lawyers 2019 rankings

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Congratulations to Allen & Overy who have been commended for their use of Legatics in the Financial Times Asia-Pacific Innovative Lawyers 2019 rankings.

Ranked among the top firms and in-house legal teams for legal technology, Allen & Overy was recognised for its deployment of Legatics on the financing of the Jawa-1 project in Indonesia – Asia’s first LNG-to-power project and 2019 IFLR Asia-Pacific Project Finance Deal of the Year – resulting in significant time and cost savings .

Using Legatics, a tool that helps lawyers complete the conditions precedent required to close transactions, the firm managed one of the largest technology-assisted completions in Asia with the financing of the region’s first liquefied natural gas-to-power project, Jawa-1, helping to meet 681 conditions. Expanding the functionality of the platform to include A & O guidance notes, the firm estimates six-digit savings on its fee with a 20 per cent cut in lawyer hours and a 70 per cent cut in administrative time.